At a glance
Premier Farnell plc is a leading multi-channel, high service distributor of products, information, software and technology solutions to electronic design engineers, maintenance and repair engineers and purchasing professionals. The Group distributes its comprehensive portfolio of products and services throughout Europe, North America and Asia Pacific, supported by a global supply chain of over 3,500 suppliers and an inventory profile developed to anticipate and meet its customers’ needs.
Key facts
- Over 3,500 leading suppliers
- Over 400,000 products stocked with access to over four million
- Millions of customers in over 156 industries
Divisions
| 2010 | 2009 | |
|---|---|---|
| Sales £m | 718.4 | 727.1 |
Our Marketing and Distribution Division operates predominantly in the high service, time-critical sector of the electronic components markets, focused on the needs of design engineers and purchasing professionals globally.
| 2010 | 2009 | |
|---|---|---|
| Sales £m | 76.9 | 77.3 |
Our Industrial Products Division comprises businesses supplying high performance products to specialist industry markets.
* See Operations for more information
Operating Performance
Group sales
Total
2010: £795.3m 2009: £804.4m -10%(2)
Profit before tax
Total
2010: £53.5m 2009: £72.8m -27%
Underlying(4)
2010: £54.8m 2009: £72.5m -24%
Gross margin
2010: 39.8% 2009: 39.6% Stable
Earnings per share
Basic
2010: 10.4p 2009:14.3p -27%
Underlying(4)
2010: 10.7p 2009: 13.9p -23%
Group operating profit
Total
2010: £71.4m 2009: £85.4m -26%(5)
Underlying(3)
2010: £72.7m 2009: £88.8m -27%(5)
Dividend per share
2010: 9.4p 2009: 9.4p
Operating margin
Total
2010: 9.0% 2009: 10.6%
Underlying(3)
2010: 9.1% 2009: 11.0%
Notes:
Throughout the Annual Report and Accounts:
- (1) Unless otherwise stated, 2009 refers to the 52 week period ended 1 February 2009, 2010 refers to the 52 week period ended 31 January 2010, and 2011 refers to the 52 week period ended 30 January 2011. The growth percentages on this page and in the table in Results are rounded to the nearest whole number. Elsewhere growth percentages are quoted to one decimal place.
- (2) Sales growth is based on sales per day for continuing businesses at constant exchange rates and for like periods.
- (3) Underlying operating profit and operating margin excludes restructuring costs of £7.6 million (2009: £3.4 million) and the one-off non cash gain of £6.3 million arising from the reorganisation of the Group’s North American pension plans (2009: £nil).
- (4) Underlying profit before tax and earnings per share excludes restructuring costs of £7.6 million (2009: £3.4 million), the one-off non cash gain of £6.3 million arising from the reorganisation of the Group’s North American pension plans (2009: £nil), and excludes gains on the purchase and cancellation of preference shares £nil (2009: £3.7 million).
- (5) Growth in operating profit is calculated at constant exchange rates, unless otherwise stated.
