Electrocomponents PLC Investor Event Transcript

Mar 30, 2022 / 12:30PM GMT
Lindsley Ruth - Electrocomponents plc - CEO & Director

Good morning, everyone. This is Lindsley Ruth, Chief Executive Officer of Electrocomponents plc. And I'm joined today by David Egan, our Chief Financial Officer. Welcome to our trading update covering our performance, March 4, 2022.

We've continued to outperform the market. Our momentum has built from the start of the year to deliver stronger performance over the less than 9 weeks than expected. This has been achieved despite the challenging environment and company comps.

I want to start by thanking our people and teams. Our people are strongest and most powerful differentiator and we never underestimate the value they bring to all of our stakeholders. Crucially, everyone has worked very hard, even more so given the COVID Omicron variant has been more contagious than previous strains. And that's driven more temporary absences throughout the business.

We are driving market share gains as our product and service solutions continue to resonate with the market. We believe this is due to our ability to source products where

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