RS Group – RS Group Trading update for the third quarter ended 31 December 2023

January 25, 2024

RS Group plc today issues a trading update for the third quarter ended 31 December 2023

Operational progress despite challenging markets

Weaker than anticipated markets in Q3

Revenue increased 1%, with 14% contribution from the acquisitions of Distrelec and Risoul.
Like-for-like revenue down 10% reflecting weak industrial sentiment as indicated in continuing soft PMI2 data and slower unwinding of customer surplus inventory particularly in electronics and associated products.
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