RS Group (RS1)

Sector:

Support

Index:

FTSE 100

1,012.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 1,159.00
  • 52 Week Low: 812.00
  • Currency: UK Pounds
  • Shares Issued: 472.69m
  • Volume: 1,105,377
  • Market Cap: £4,783.67m
  • Beta: 0.03

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 1,012.00p
Change Today -14.00p
% Change -1.36 %
52 Week High 1,159.00
52 Week Low 812.00
Volume 1,105,377
Shares Issued 472.69m
Market Cap £4,783.67m
Beta 0.03

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.15% below the market average78.15% below the market average78.15% below the market average78.15% below the market average78.15% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Price Trend
17.77% above the market average17.77% above the market average17.77% above the market average17.77% above the market average17.77% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
20.05% below the market average20.05% below the market average20.05% below the market average20.05% below the market average20.05% below the market average
46.27% below the sector average46.27% below the sector average46.27% below the sector average46.27% below the sector average46.27% below the sector average
Growth
45.12% above the market average45.12% above the market average45.12% above the market average45.12% above the market average45.12% above the market average
53.40% above the sector average53.40% above the sector average53.40% above the sector average53.40% above the sector average53.40% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 3
Strong Sell 0
Total 12
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 24-Nov-22 16-Jun-22
Paid 06-Jan-23 22-Jul-22
Amount 7.20p 11.60p

Trades for 07-Feb-2023

Time Volume / Share Price
17:06 3,900 @ 1,012.00p
16:35 1,678 @ 1,012.00p
16:35 2,542 @ 1,012.00p
16:35 396,203 @ 1,012.00p
16:35 1,536 @ 1,012.00p

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