New structure at Premier

​​Electronics distributor Premier Farnell said first-half operating profit w​ill​ be marginally below last year as it implement​s​ a new global structure.

By The Newsroom
Thursday, 18th June 2015, 10:08 am
Premier Farnell's Raspberry Pi 2 computer
Premier Farnell's Raspberry Pi 2 computer

The ​Leeds-based ​company ​added that​ operating profit for the year ​to Jan​uary​ 2016 ​should​ be broadly in line with ​this year as ​it ​benefit​s from​ margin and cost measures in the second half.

Premier Farnell ​is in the process of combin​ing​ its marketing and distribution businesses to boost performance.

The company said first-quarter like-for-like sales ​rose​ 5.4 per​ ​cent, driven by a strong performance in single-board computers, especially Raspberry Pi, following the launch of the new model.