Business
Investor Event 2022: Our Journey to Greatness
Investor Event 2022: Our Journey to Greatness.
About this update from Rs Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4735G\n Electrocomponents PLC\n 30 March 2022\n \n \n \n \n 30 March 2022\n \n \n INVESTOR EVENT 2022: OUR JOURNEY TO GREATNESS\n \n \n \n \n \n Electrocomponents plc (the \"Company\") is hosting an Investor Event for investors and analysts today, 30 March 2022.\n \n \n \n \n \n Chief Executive Officer, Lindsley Ruth and Chief Financial Officer, David Egan will be joined by a diverse range of senior leaders from across the Group to provide further detail on the Company's strategy and outline our opportunity to drive stronger revenue and high-quality profitable growth. \n \n \n \n \n \n The event will outline:\n \n \n · \n The significant growth opportunity in fragmented markets, with an external industry presentation\n \n \n · \n How our differentiated business model is driving market outperformance and will advance our journey to greatness through:\n \n \n o \n Galvanising a high-performance, purpose-led culture\n \n \n o \n Realising a world-class customer experience\n \n \n o \n Extending our wisdom, insight and data\n \n \n o \n Accelerating to a solutions-led innovative business\n \n \n o \n Transforming our executional capabilities\n \n \n · \n How we are driven by our purpose and ESG ambition: 'making amazing happen for a better world'\n \n \n · \n How acquisition opportunities are strategically aligned and will accelerate our organic ambitions\n \n \n \n \n \n Our differentiated business model is delivering ongoing market share gains, supporting stronger revenue growth that is less reliant on markets whilst better insulating our business from macro-economic headwinds. As a result, we are more confident in delivering high-quality profitable growth: stronger revenue enhanced by strategic acquisitions with a mid-teen adjusted operating profit margin and at least 20% ROCE.\n \n \n \n \n \n We will not be disclosing any new material financial information at the event.\n \n \n \n \n \n Financial update\n \n \n Over the last three weeks, we have continued to trade at the same rate as that reported for the 9-week period to 4 March 2022, with full year (to 31 March 2022) revenue and adjusted operating profit margin now expected to be at the top end of current consensus estimates1. The Company will issue our full-year results on 24 May...