Abacus says bookings growth continues - Embedded.com

Abacus says bookings growth continues

Harry Westropp, the cairman of the Abacus pan-European electronic component distributor group, said at the companies AGM, “As reported in Novemebr we started our financial year with an improvement in orders, on a like for like basis 12% above that of the same period last year. This has continued through December into our second quarter.”

“It is noteworthy that this growth is coming from increased customer activity, rather than forward ordering driven by semiconductor shortages and price increases.Competition in the marketplace remains intense,” added Westropp.

ECC, the Italian distributor in which Abacus now holds a 60% stake, “is performing as expected” while shipments of the medical contract by Trident are expected to build up during the second half of the financial year.

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