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RS Group sees lower revenue on Mexico weakness, shares fall
(Sharecast News) - RS Group shares fell on Wednesday after the company said it expected a 0.6% fall in like-for-like annual revenue due to "difficult markets", mainly in Mexico, although annual adjusted pre-tax profit would come in marginally ahead of expectations of £241m on tight cost controls. The industrial and electronic parts maker said the EMEA region had delivered quarter on quarter improvement throughout the year and anticipated a return to marginal growth in the second half of 2026.
Asia-Pacific was showing continued momentum, with revenue also expected to grow in the second half versus the first six months of fiscal 2025.
"Although Americas was broadly flat in H1 2026, we expect it to decline in H2 2026 as a result of the continuing challenging trading environment in Mexico," the company, formerly known as Electrocomponents, said in a trading statement.
Reporting by Frank Prenesti for Sharecast.com
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