International Growth

Electrocomponents plc is a dynamic and international business that distributes a wide range of products to development and maintenance engineers in all types of businesses around the world.

International growth remains our focus. We are rapidly implementing the new strategy across our business.

Revenue
£828.5m
2005: £773.9m

Headline operating profit
£76.2m
2005: £100.8m

Headline profit before tax
£72.8m
2005: £99.9m

Headline earnings per share
11.2p
2005: 15.5p

Dividend
18.4p
2005: 18.4p

Headline return on sales
8.8%
2005: 12.9%

Definitions of terms:
In order to reflect underlying business performance, comparisons of revenue between periods have been adjusted for exchange rates and the number of trading days. Changes in profit, cash flow, debt and share related measures such as earnings per share are at reported exchange rates.

Enterprise Business System (EBS): In order to make clear the costs of the EBS project and the underlying performance of the business, EBS costs have been disclosed separately. Therefore, unless explicitly stated, measures based on operating costs, contribution and process costs exclude EBS.

Headline profit: A charge of £7.7m (2005: £nil) was incurred in the year for items excluded from headline profit. Details of the items are given in the Income Statement of this report. Key performance measures such as return on sales, EBITDA and ROCE use headline profit figures.