RS announces its results for its 2018 first fiscal quarter

Electrocomponents, distributor of electronic components and equipment for industrial maintenance under its trademark RS Components in Europe, announces a 13% increase in sales during the first quarter of its fiscal year 2018 (end of June 2017) comparing to the first quarter fiscal 2017.

All regions of the world in which Electrocomponents operates have experienced double-digit growth. Sales growth in the previous quarter was 8%.

The acceleration in first quarter revenue growth was driven by an increase in Europe and Asia. Sales of Electrocomponents grew by 16% in the Americas, by 18% in Asian and emerging countries, and by 11% in the European continent.

Electrocomponents’s revenues related to the sales of products via the Internet (e-commerce), which represents approximately 60% of its revenues, has increased by 13%.

RS Pro branded products and instruments, which account for approximately 12% of revenues, saw revenue growth of around 8% in the first quarter.