Electrocomponents’ full-year revenues grow

Industrial and electronic parts manufacturer Electrocomponents (LON:ECM) saw its revenues grow by 8% during the year ended 31st March with strong EMEA performance propping up a lagging Asia Pacific. The company said that it expected gross margins for the year to remain steady.

As previously announced, the company is making preferences for the UK leaving the EU and has temporarily increased its inventory of fast moving product lines in order to maintain operations during any transition.

Electrocomponents’ share price rose by 2.38% to 611p (as of 14:35 BST).