We have initiated a major performance improvement plan that will lead to significant cost savings

Our future strategy will be supported by a major performance improvement plan that is expected to deliver significant cost savings in the current financial year and beyond.

The plan will make Electrocomponents a more efficient and responsive organisation. It will focus on three key business priorities that lie at the heart of successful distribution businesses:

Customer focus - excel at the basics

  • Focus the organisation to drive an improved customer and supplier experience
  • Reprioritise digital development and online user experience to drive faster change
  • Introduce a differentiated, more focused service offer for industrial and electronics customers

Drive accountability throughout the organisation

  • Local profit and loss accountability
  • Drive a higher proportion of private label sales, to improve gross margin mix
  • Realign KPIs and review incentive structures to increase variable component

Simplify - operate for less

  • Targeted, annualised cost savings of £25m, with £6m in Q4 of the current financial year
  • Asia Pacific rescaled to provide a profitable base for future growth
  • A more disciplined approach to future capital investment
  • Work continues to identify additional savings by further simplification of the way we operate

Lindsley Ruth FY16 Half-year Results

Lindsley Ruth, CEO, discusses the major performance improvement plan for Electrocomponents.

Measuring our success

1 million+

Customers in more than 80 countries

About our customers


Products in our range

About our offer


Share of total revenue generated by eCommerce

About our channels to market