REG - RS Group PLC - AGM Update

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RNS Number : 3823R  RS Group PLC  17 July 2025

 
17 July 2025, 7.00 am

 

RS GROUP PLC

 

AGM update

 

Full year outlook unchanged

RS Group plc, the global product and service solutions provider for industrial
customers, provides the following update ahead of its Annual General Meeting
to be held at 12.00 pm today.

The Group continues to make good operational progress and our full year
outlook is unchanged.

In the first quarter to 30 June 2025, trading in EMEA continued to reflect
softer PMIs(1), with underlying performance in Americas and Asia Pacific
proving more resilient. We continued to deliver our strategic action plan
including two significant projects of upgrading our digital platform in
Americas and consolidating a Distrelec distribution centre in EMEA. Group
like-for-like revenue(2) decreased by 2% compared to the same period last
year; excluding an anticipated and temporary impact of these operational
improvements, trading was broadly flat.

We continue to invest to strengthen our proposition, drive ongoing market
share growth and improve operational efficiency whilst remaining agile in our
execution, pricing and cost management. We are confident that this will
generate sustainable value and stronger returns as markets recover, in line
with our medium-term financial targets.

 

Notes:

1.         Purchasing manager index (PMI) is a survey-based economic
indicator designed to provide a timely insight into business conditions. The
PMI is widely used to anticipate changing economic trends in official data
such as GDP, or sometimes as an alternative gauge of economic performance and
business conditions to official data, as the latter sometimes suffer from
delays in publication, poor availability or data quality issues (Source:
S&P Global).

2.         Group like-for-like revenue excludes the impacts of
acquisitions, foreign currency and trading days.

3.         Company compiled consensus for the year ended 31 March 2026
has revenue of £2,937 million, adjusted operating profit of £269 million and
adjusted profit before tax of £245 million. Source:
rsgroup.com/investors/analyst-consensus/.

4.         Our profit remains sensitive to movements in exchange rates
on translation of overseas profits. Average exchange rates for the year ended
31 March 2025 for euro and US dollar respectively were €1.189 and
$1.276 respectively. Every 1 cent movement in the euro is forecast to have a
c. £1.7 million impact on annual adjusted profit before tax. Every 1 cent
movement in the US dollar is forecast to have a c. £0.5 million impact on
annual adjusted profit before tax.

5.         We expect to see a negative impact of around £9 million on
revenue from fewer trading days in full year 2025/26 compared to 2024/25.

 

 Enquiries:
 Kate Ringrose    Chief Financial Officer              020 7239 8400
 Lucy Sharma      VP Investor Relations                020 7239 8427

 Martyn Espley    Interim Head of Investor Relations   020 7239 8427
 Martin Robinson  Teneo Communications                 020 7260 2700

 

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