Trading Update
April 18 2005 - 3:00AM
UK Regulatory
RNS Number:1497L
Deltron Electronics PLC
18 April 2005
For immediate release 18 April 2005
DELTRON ELECTRONICS plc (the "Company")
Trading update
Deltron Electronics plc (LSE: DET), the specialist European electronic component
solutions provider, today provides an update on trading for the six months
ending 31st March 2005. The Company expects to release its interim results for
the six months ended 31 March 2005 on Thursday 9th June 2005.
The Company is pleased to announce that its unaudited profit before tax for the
first six months of the year is substantially ahead of last year and in line
with its expectations. At the Company's Annual General Meeting in February
2005, the Company commented that the economic conditions within the electronic
component solutions market were demanding and that climate continues.
Following sales growth within the first quarter, the Company experienced flat
like for like sales during the second quarter due principally to a slowdown
within the UK market. The continental European market however, which accounts
for 70 per cent. of Deltron's sales, continued to grow in line with expectation.
Further to this, the Company continued to experience growth in its gross margins
and has maintained tight controls on costs.
The integration of Quiller Electronics into our UK Business has progressed to
plan.
Paul Gourmand, Chairman of Deltron Electronics plc, commented:
"We are pleased to announce our performance for the first six months of the year
is substantially ahead of last year and is in line with our expectations,
especially within a continued demanding trading environment. While the economic
climate within continental Europe remains reasonable, conditions in the UK
market remain uncertain.
For more information please contact:
Deltron Electronics plc
Christopher Sawyer, Chief Executive Officer 01638 561156
Buchanan Communications
Tim Anderson or Mary-Jane Johnson 020 7466 5000
Notes for Editors
The Deltron Group is a leading European, value-added electronic component
distributor providing specialist design-in sales and marketing services for
international suppliers of electronic components. Deltron's value-added
approach and geographical coverage provides specialist knowledge and support to
customers on a pan-European basis. These services are supported by dedicated
in-house manufacturing.
Design-in is the process by which Deltron's sales engineers work with customers
and suppliers to provide solutions which meet the specific technical and
performance needs of the customers.
Deltron is fully quoted on the London Stock Exchange and has operating companies
in the UK, Ireland, Netherlands, Austria, Germany, France, Italy, Sweden and
Denmark.
For further information contact:
Deltron Electronics plc, Suffolk House, Fordham Road, Newmarket, Suffolk,
CB8 7AA. Tel: 01638 561156 Fax: 01638 661455
This information is provided by RNS
The company news service from the London Stock Exchange
END
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