RS Group (RS1)

Sector:

Support

Index:

FTSE 100

731.80p
   
  • Change Today:
      2.60p
  • 52 Week High: 921.40
  • 52 Week Low: 660.40
  • Currency: UK Pounds
  • Shares Issued: 474.00m
  • Volume: 37,513
  • Market Cap: £3,468.70m

RS Group sees FY profits 'slightly ahead' of consensus

By Michele Maatouk

Date: Thursday 06 Oct 2022

LONDON (ShareCast) - (Sharecast News) - RS Group - formerly Electrocomponents - said on Thursday that full-year revenue and adjusted pre-tax profit were set to be "slightly ahead" of current consensus estimates following strong trading year to date.
For the year ending 31 March 2023, consensus estimates are for revenue of £2.86bn and adjusted pre-tax profit of £357.7m.

The upgraded outlook came as the company reported a rise in group like-for-like revenue of 16% in the first half to 30 September. For the second quarter, LFL revenue was 15% higher. The company said its performance was "underpinned by volume growth and reflects ongoing market share expansion".

RS said EMEA saw broad-based growth across the region, reflecting an improving customer mix and growth in share of customer wallet. Meanwhile, the Americas benefited from focused sales and digital campaigns and high customer demand.

"A strong inventory position supported availability to drive market share gains," it said, adding that the acquisition of Risoul remains on track and should complete by late November.

Revenue growth in Asia Pacific was impacted by a lack of single-board computing product.

Chief executive Lindsley Ruth said: "We continue to grow market share, reflecting the strength of our people, our purpose-led culture and differentiated offer. Our active inventory management to support availability, coupled with a more commercial operating model and improved pricing, lead us to expect full year revenue and adjusted profit to be slightly ahead of consensus expectations.

"We remain mindful of the more challenging economic backdrop but believe we have built a strong, sustainable business that can withstand external headwinds and outperform the market."

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RS Group Market Data

Currency UK Pounds
Share Price 731.80p
Change Today 2.60p
% Change 0.36 %
52 Week High 921.40
52 Week Low 660.40
Volume 37,513
Shares Issued 474.00m
Market Cap £3,468.70m

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.62% below the market average58.62% below the market average58.62% below the market average58.62% below the market average58.62% below the market average
35.56% below the sector average35.56% below the sector average35.56% below the sector average35.56% below the sector average35.56% below the sector average
Price Trend
22.74% below the market average22.74% below the market average22.74% below the market average22.74% below the market average22.74% below the market average
20.79% below the sector average20.79% below the sector average20.79% below the sector average20.79% below the sector average20.79% below the sector average
Income
12.63% above the market average12.63% above the market average12.63% above the market average12.63% above the market average12.63% above the market average
4.62% above the sector average4.62% above the sector average4.62% above the sector average4.62% above the sector average4.62% above the sector average
Growth
54.75% above the market average54.75% above the market average54.75% above the market average54.75% above the market average54.75% above the market average
56.00% above the sector average56.00% above the sector average56.00% above the sector average56.00% above the sector average56.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 6
Sell 1
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RS Group Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Nov-23 15-Jun-23
Paid 05-Jan-24 21-Jul-23
Amount 8.30p 13.70p

Trades for 28-Mar-2024

Time Volume / Share Price
09:26 252 @ 731.80p
09:26 150 @ 731.80p
09:24 413 @ 731.60p
09:24 550 @ 731.40p
09:24 82 @ 731.00p

RS Group Key Personnel

CEO Simon Pryce

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