UK's RS Group slumps on lower FY profit forecast and weak rev growth
28/01/2025 09:14
** Shares of UK's electronics products distributor RS Group
RS1R.L slide 6.7% to 627.75 pence
** RS sees FY adj pre-tax profit at bottom end of analysts
forecast of 247-274 mln pounds
** Co blames softer-than-expected Q3 rev and weak business
confidence in EMEA
** Jefferies analysts says the uninspiring end markets,
especially in UK and Europe, have hurt the stock's performance
** Stock fell ~16.6% in 2024
(Reporting by Ankita Bora in Bengaluru)
((Ankita.Bora@thomsonreuters.com))