DET Deltron Elec.

RNS Number:5282C
Deltron Electronics PLC
16 October 2002


For Immediate Release                                         16th October 2002


                            DELTRON ELECTRONICS plc

                                TRADING UPDATE


Deltron Electronics plc, one of the leading electromechanical components
providers in Europe, has reviewed its performance for the financial year ending
30 September 2002, and can report that trading is broadly in line with market
expectations. Our Interim Results statement in June detailed #900,000 in
exceptional charges for cost reduction and productivity programmes. This is now
expected to total #1.2m for the year and the process is now substantially
complete.

Despite current flat, but stable markets, Deltron has seen a 2% improvement in
sales turnover in the second half due to winning franchise extensions in several
of its European operations.

Deltron anticipates achieving a significant improvement in business performance
in the next financial year due to increased market share which should further
increase as and when the market recovers.

Deltron's Preliminary Results for the year ending 30 September 2002 will be
announced on 2nd December 2002.

The Company would also like to announce changes to its plc board structure which
reflects the pan-European nature of its business. Deltron has seven Managing
Directors each responsible for a country or geographical area. One of these,
Francois Feldman, who runs our French operation is already a member of the
Board. Additionally, two more of the seven will serve on the Board on a rotating
basis.  This new arrangement commenced on 1st October 2002.   Pierre Romano,
Italy and Niels K Nielsen, Denmark have agreed to join the Board.

Inclusion of more executives from Deltron's continental European businesses on
the plc Board will provide greater advice and local market intelligence and
perspective when devising future Group strategy.

Group Finance Director

Deltron is also pleased to announce the appointment of Derek O'Neill, 39 as
Group Finance Director (FD), following two and a half months as interim FD.
Before Deltron, Derek spent five years with NWP Communications, a telecoms
business, first at FD and later as Chief Executive. NWP went into receivership
in March 2002. In May, Derek was instrumental in buying out the payphone and
internet operations of NWP from receivership. Both NWP and Derek's previous
company, Admiral Homes Limited were venture capital backed. At the time, Admiral
was the UK's largest-ever venture capital start-up. Derek qualified as a Fellow
of Chartered Institute of Management Accountants in 1987.

Chief Executive, Christopher Sawyer, said:

"Derek has played a very valuable role at Deltron over the last few months and
the Board is delighted that he has agreed to join us on a full time basis."



Contacts:

Christopher Sawyer                                           01638 561156
Chief Executive
Deltron Electronics plc

Tim Anderson                                                 020 7466 5000
Buchanan Communications



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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