RS Group plc (RS1.L), a distributor of industrial and electrical products, Tuesday said its revenue for the third quarter decreased 3 percent from last year reflecting declining industrial production and Purchasing manager index (PMI) data, and weaker trading in the second half of December.
On a like-for-like basis, revenue declined 1 percent.
Like-for-like revenue declined 3 percent in EMEA, while in Americas it grew by 3 percent. Asia Pacific like-for-like revenue increased 1 percent.
Looking ahead, the company expects full- year adjusted profit before tax to be around the bottom end of its previous outlook of 247 million pounds - 274 million pounds.
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