RS Group reports "solid" start to year, positive momentum continues

RS Group PLC on Thursday said it has made good progress across all regions at the start of its new financial year.

In a brief trading statement, the London-based industrial and electronics products distributor said it has made a solid start to financial 2027.

RS, which operates in 33 markets, said the positive market momentum seen in the fourth quarter of financial 2026 has continued into the first quarter of the new year.

This, combined with strong execution of its multi-year improvement plan, is delivering good progress across all regions, as anticipated at the start of the financial year, it added

RS put company compiled consensus for the financial year ended March 31, 2027 at revenue of £3.01 billion, adjusted operating profit of £282 million and adjusted pretax profit of £261 million.

In the financial year to March 31, 2026, RS reported revenue of £2.88 billion, adjusted operating profit of £265 million and adjusted pretax profit of £246 million.

Shares in RS were up 1.8% at 657.50 pence each in London on Thursday.

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