Electrocomponents revenue falls 11% in Q1

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Electrical products supplier Electrocomponents reported a fall in revenue in its fiscal first quarter as the Covid-19 weighed on performance.

First-quarter like-for-like revenue fell 11% on-quarter, with the decline led by weaknesses in Northern and Southern Europe.

Looking ahead, the company said it would continue to implement measures to converse cash.

'Given the current operating environment remains uncertain, we remain highly focused on protecting profit and conserving cash,' the company said.