RNS Number:8147X
Deltron Electronics PLC
25 January 2001


For Immediate Release                                          25 January 2001


DELTRON ELECTRONICS plc


Deltron Electronics plc, the Pan-European specialist distributor and
manufacturer of electromechanical components, held its AGM at Suffolk House,
Fordham Road, Newmarket, Suffolk.  Following the meeting, Paul Gourmand,
Chairman, made a statement on the Company's current position.  A summary of
his remarks follows:

Trading


Deltron has enjoyed a record year's trading:



*   Growth is being driven by the increasing use of electromechanical
products in such applications as telecommunications infrastructure and
Internet developments

*   All of the principal European countries are currently experiencing
considerable growth in the use of technology.

*   Pan-European strategy attracting major product manufacturers to
appoint Deltron as prime European distributor

*   The principal highlights outlining our outstanding performance
are:



-     Turnover up 42.3% to #54.3m

-     Profits before tax and amortisation of goodwill up 225% to #4.1m

-     Earnings per share (before goodwill amortisation) up 230% to 13.2p
      per  share

-     Order intake grew to #60.4m, up 53% leading to a strong order book
      at the year-end

Strategy

Deltron's strategy for a Pan-European network realised during 2000:

*   Deltron now active in 75% of the applicable European markets,
making the Company the 4th largest distributor of electromechanical components
in the EU

*   Five European acquisitions in 12 months, including the #3.8m
acquisitions of C&K Austria GmbH and the sensors business of Sensortech A/S in
Denmark (concluded in January 2001)

*   Five Pan-European distribution agreements with Japanese and
American manufacturers


Placing & Open Offer

Deltron's successful fundraising in October 2000 results in strong  financial
position

*  Placing and Open Offer of 5.8m shares raised #7.5m net -
sufficient funds to enable Deltron to double in size over two years

*  New investors include ABN AMRO  and Merrill Lynch.


"Deltron is now a truly pan-European company.  A buoyant continental European
economy makes the Board confident of our short-term performance.  The
weakening of sterling against the euro also gives us an immediate boost.
However, it is our long-term prospects across Europe that give me the most
confidence.  Major manufacturers have appointed Deltron as their prime
distributor for Europe, a clear indication of our capabilities.  The Board
looks forward to 2001 with the greatest of enthusiasm."


Copies of the annual report are available on request from Pat Taylor, Deltron
Electronics plc and Bobbie Swanson, Buchanan Communications.


For further information, please contact:

Deltron Electronics                           01638 561156
Christopher Sawyer, Chief Executive

Buchanan Communications                      020 7466 5000
Tim Anderson/Bobbie Swanson
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