Resilience, market share growth, a broadened customer base and continued focus on sustainability secure prestigious award
LONDON, UK, 18 March 2022 – Electrocomponents plc (LSE: ECM), Electrocomponents plc (LSE: ECM), a global omni-channel provider of product and service solutions, has won ‘company of the year’ at the plc awards 2021. The awards recognise the successes and achievements of all companies listed on the main market of the London Stock Exchange.
Electrocomponents was selected as ‘company of the year’ from a shortlist of public companies which also included Ashstead Group plc, Clipper Logistics plc, Morgan Sindall Group plc, Oxford Biomedica plc, and Watches of Switzerland Group plc. Electrocomponents clearly demonstrated the award criteria of long-term success with improved, sustainable profitability, and be a professionally managed, conservatively run growth business with a long-term vision and strategy in place together with leadership in terms of environmental, social and governance guidelines.
Electrocomponents showed resilience and strength during the period, increased market share and widened its customer base. The Group has been on a journey to make the business more agile with greater financial discipline and stronger growth, which led to its promotion to the FTSE 100 in November 2021.
The judges recognised the Group’s efforts in building sustainable and efficient supply chain solutions through its strong engagement with all stakeholders. They also highlighted the company’s commitment to creating a diverse and inclusive workplace, as well as noting its strategic vision which supports the longevity and sustainability of the business.
Lindsley Ruth, CEO Electrocomponents, commented: “It’s a great honour to receive this award, which could not have been achieved without the dedication of all of our people right across the business. Over this year we have proven that challenges can be opportunities and have grown our market share and widened our customer base. We’re committed to being a strong and sustainable business and bringing our people, customers, suppliers and communities together to accelerate our positive impact.”
For more information about the plc awards, visit the website at www.plc-awards.co.uk.
Electrocomponents plc is a global omni-channel provider of product and service solutions for designers, builders and maintainers of industrial equipment and operations. We stock more than 650,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2 million industrial customers. With operations in 32 countries, we trade through multiple channels and ship c. 60,000 parcels a day.
We support customers across the product life cycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
Electrocomponents plc is listed on the London Stock Exchange and in the year ended 31 March 2021 reported revenue of £2.0 billion. Electrocomponents plc has nine operating brands: RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.