LONDON (dpa-AFX) - RS Group Plc (RS1.L), a British distributor of industrial
and electronics products, on Wednesday reported lower results for the fiscal
year 2024, reflecting change in the electronics cycle and unwind of associated
post-pandemic trading tailwinds as well as softness in industrial production.

For the year, the Group's profit before tax slid by 33 percent to 249 million
pounds, and adjusted profit before tax declined by 28 percent 281 million
pounds.

On a per share basis, earnings fell 36 percent to 38.8 pence, and adjusted
earnings slid by 31 percent to 43.8 pence.

The Group's annual revenue edged down by 1 percent to 2.942 billion pounds,
while Like-for-like revenue declined 8 percent after adjusting for contribution
from acquisitions, adverse exchange rate movements and a negative impact from
fewer trading days.

The Group said its board proposes to maintain the final dividend at 13.7 pence
per share. This will be paid on 19 July 2024 to shareholders on the register on
14 June 2024.



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