RS Group PLC

Management Reports • Nov 29, 2013

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 0974U

Electrocomponents PLC

29 November 2013

ELECTROCOMPONENTS PLC

Investor update on Systems Strategy

Electrocomponents plc, the world's leading high service distributor of electronics and maintenance products, is today updating analysts on its systems strategy. No new trading information will be disclosed.

In May 2013 the Group announced a new global strategy designed to enable it to grow faster and more profitably over the medium term. In order to achieve this ambition it was announced that, over the next five years, there would be an increase in capital investment into the business from a historic run-rate of £25 million per annum to a targeted run-rate of £40 million per annum. The majority of this incremental capital investment will be directed at the Group's systems and IT capability.

The update will feature a presentation by Phil Cook, Global IT Director, and substantial opportunity for questions. Phil will discuss the importance of systems to the business and the systems investment that has been made to date. He will then discuss the implications that the Group's global strategy has on the business' systems.

Phil joined Electrocomponents plc in 2010 as General Manager, Group Information Systems, and he has been pivotal in the successful implementation of a SAP-based system in the Group's North American business and the phased implementation of a SAP-based system across the Asia-Pacific region, which is now well underway.

A copy of the presentation will be made available on the corporate website at www.electrocomponents.com.

Enquiries:

Ian Mason, Group Chief Executive                                                   Electrocomponents plc                          01865 204000

Simon Boddie, Group Finance Director                                         Electrocomponents plc                          01865 204000

Matt Jones, Head of Investor Relations & Corporate PR        Electrocomponents plc                          07717 544 124

David Allchurch / Martin Robinson                                                  Tulchan Communications                     020 7353 4200

29 November 2013

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUBOSROBAAUAA