Electrocomponents PLC (LSE:ECM) expects revenue for 2022 to be at the top end of consensus as it announced it will change its name to RS Group PLC in May.
The FTSE 100 distributor of industrial and electronics products added it expects a mid-teen adjusted operating profit margin and at least 20% ROCE.
Referring to current trading, the last three weeks continued to trade at the same rate reported for the 9-weeks to 4 March 2022.
And full year to 31 March 2022 revenue and adjusted operating profit margin is now expected to be at the top end of current consensus estimates.
Consensus for the year ending is adjusted profit before tax of £306.0m within a range of £299.9mln to £313mln, the company said in a statement.
"RS is our primary customer brand, recognised by designers, builders and maintainers of industrial equipment and operations around the world," said chief executive Lindsley Ruth.
The RS Group brings our businesses together under one brand, Ruth added, united behind a single purpose.
According to an early March statement, the company expects revenue to reach at least £2.54bn, a growth of 27% over the financial year 2021.
Full-year results will be announced on May 24, 2022.
Shares traded 0.65% higher at 1,078.00p each on Wednesday morning.