Selected as finalist in ‘company of the year’ category for second year running, plus for the first time in ‘growth business of the year’ category
LONDON, UK, 7 February 2022 – Electrocomponents plc (LSE: ECM), Electrocomponents plc (LSE: ECM), a global omni-channel provider of product and service solutions, has been shortlisted in two categories of the plc awards 2021, which recognise the successes and achievements of all companies listed on the Main Market of the London Stock Exchange.
For a second successive year, Electrocomponents is one of six shortlisted public companies in the ‘company of the year’ category alongside Ashstead Group plc, Clipper Logistics plc, Morgan Sindall Group plc, Oxford Biomedica plc, and Watches of Switzerland Group plc. Electrocomponents is also a finalist in the ‘growth business of the year’ category, up against Games Workshop plc, Liontrust Asset Management plc, Pets at Home Group plc, Volution Group plc, and Watches of Switzerland Group plc. The winner will be announced on March 16, 2022, at an awards ceremony at Hotel Intercontinental, Park Lane, London.
The winning ‘company of the year’ will clearly demonstrate long-term success, with improved, sustainable profitability, and be a professionally managed, conservatively run growth business with a long-term vision and strategy together with strong leadership in environmental, social and governance guidelines. The winner will be cognisant of its stakeholders and supply chain and will have championed diversity and inclusion throughout the workplace. The company’s development to date will have been soundly financed in a way which supports the longevity, sustainability, and resilience of the business, including effective succession planning.
The winner of the ‘growth business of the year’ award will have achieved strong, consistent growth in turnover, profitability, and EPS for at least the past three years., through increased market penetration, possibly market disruption, M&A, and/or clear innovation in product or service backed up by a sustainable growth and ESG focused strategy, which has been implemented by a high-quality management team.
Lindsley Ruth, CEO Electrocomponents, said: “We are very much aligned with the criteria set out in the plc awards, and honoured to be repeatedly recognised for our achievements in building a resilient business. We are committed to being a strong and sustainable business and bringing our people, customers, suppliers, and communities together to accelerate our positive impact. We are determined to leverage our global scale and innovative product and service solutions to advance sustainability and improve lives. By doing so, we know we can play a key role in helping to address some of the world's biggest challenges; from tackling climate, to building engineering and innovation skills and championing diversity and inclusion.”
Electrocomponents has received consistent recognition at the plc awards over the past five years. In 2016, the company was the winner of the ‘turnaround of the year’ category and shortlisted for ‘company of the year’. In 2018, the company was shortlisted in two categories: ‘CEO of the year’ and ‘transformation of the year’. And in 2020, the Group was a finalist in ‘the company of the year’ category.
Full details of all the shortlisted companies in all award categories for the plc awards 2021 are available to view on the awards 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.