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
