- RS Group, global distributor of electronic components and industrial solutions, has published its results for the first half of its 2024/2025 fiscal year ended September 30, 2024.
- In the first half of its 2024/25 fiscal year, the British group achieved sales of £1,441 million (approx. €1,724 million), compared with £1,447 million (approx. €1,731 million) in the same 2023/24 period.
- Its adjusted pre-tax profit was £119 million (approx. €142 million) in the first half of its 2024/25 fiscal year, compared with £143 million (approx. €171 million) in the same 2023/24 period.
“RS performed well in the first half despite more challenging markets than expected. Our strategic investments are on track and starting to pay off. We continue to gain market share in most categories, and tight operational control is enabling efficiency and cost optimization programs to run ahead of plan,” commented Simon Pryce, Chief Executive, RS Group Plc.
“As we enter the second half of the year, while markets remain challenging, our sales per day have stabilized. We are continuing to invest in our differentiated offering on a targeted and priority basis. We therefore remain confident in our ability to achieve our medium-term financial targets, including an operating margin of around 10%, as our markets return to growth,” continues Simon Pryce.
RS Group does not anticipate any significant market improvement for the remainder of its 2024/25 financial year. However, the British group expects its full-year results for 2024/25 to be in line with current market expectations.
