RS Group (RS1)

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FTSE 250

510.50p
   
  • Change Today:
    -27.00p
  • 52 Week High: 840.00p
  • 52 Week Low: 505.10p
  • Currency: UK Pounds
  • Shares Issued: 474.05m
  • Volume: 921,153
  • Market Cap: £2,420.02m

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RS Group expects LFL sales decline to ease

By Benjamin Chiou

Date: Thursday 11 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Industrial maintenance, repair and operation products firm RS Group said it continues to expect a stabilisation in trading conditions over the current financial year, after a slight fall in like-for-like sales in the first quarter.
The company, which employees more than 9,000 employees worldwide, said trading was in line with expectations in the three months to 30 June, with headline revenues up 3% on last year but down 3% on a LFL basis, which excludes acquisitions, foreign currency and differences in trading days.

As announced at the time of its annual results in May, RS expects an improvement in demand over the coming year, following an 8% decline in LFL revenues over the year ended 31 March. LFL revenue were down 3% across all three of its major regions (EMEA, Americas and Asia Pacific) in the first quarter.

"As trading conditions stabilise and comparatives get easier, the pace of decline in like-for-like revenue across all three regions continues to slow as anticipated," the company said in an AGM statement on Thursday.

"We are progressing well with our cost savings programme, the integration of our acquisitions, and investment in operational efficiencies and system enhancements. We remain confident this multiyear investment will improve future operating leverage and returns."

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RS Group Market Data

Currency UK Pounds
Share Price 510.50p
Change Today -27.00p
% Change -5.02 %
52 Week High 840.00p
52 Week Low 505.10p
Volume 921,153
Shares Issued 474.05m
Market Cap £2,420.02m

RS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.13% above the market average24.13% above the market average24.13% above the market average24.13% above the market average24.13% above the market average
7.87% above the sector average7.87% above the sector average7.87% above the sector average7.87% above the sector average7.87% above the sector average
Price Trend
63.52% below the market average63.52% below the market average63.52% below the market average63.52% below the market average63.52% below the market average
56.25% below the sector average56.25% below the sector average56.25% below the sector average56.25% below the sector average56.25% below the sector average
Income
21.35% above the market average21.35% above the market average21.35% above the market average21.35% above the market average21.35% above the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Growth
45.8% below the market average45.8% below the market average45.8% below the market average45.8% below the market average45.8% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 11
Sell 0
Strong Sell 0
Total 17
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 21-Nov-24 13-Jun-24
Paid 03-Jan-25 19-Jul-24
Amount 8.50p 13.70p

Trades for 04-Apr-2025

Time Volume / Share Price
16:35 19,320 @ 510.50p
16:35 67,928 @ 510.50p
16:35 2,823 @ 510.50p
16:35 9,929 @ 510.50p
16:35 2,188 @ 510.50p

RS Group Key Personnel

CEO Simon Pryce

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