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25 May 2021 , 7.00 am LINDSLEY RUTH , CHIEF EXECUTIVE OFFICER , COMMENTED : " Electrocomponents has delivered a strong performance in a challenging year . We continue to drive market share gains , invest in our organic growth opportunities and generate good cash flow . In addition , we welcomed three high quality businesses into our Group to accelerate our strategic aspirations . I am incredibly proud of how well our people stepped up to the challenge , and I thank them all . While we remain mindful of external pressures including ongoing cost inflation and potential supply chain shortages , we are confident that we are well positioned for a rapidly changing world . The Group has carried strong momentum into the new financial year , and we are excited about the opportunities we see through our Destination 2025 strategic roadmap to drive profitable market share growth and operational efficiencies . " Highlights Revenue Adjusted² operating profit Adjusted² operating profit margin Adjusted² profit before tax Adjusted² earnings per share Operating profit Profit before tax Earnings per share Full - year dividend Adjusted² free cash flow Net debt Net debt to adjusted² EBITDA ● ● STRONG PERFORMANCE WITH FURTHER STRONG MARKET SHARE GAINS ● ● ELECTROCOMPONENTS PLC RESULTS FOR YEAR ENDED 31 MARCH 2021 ● ● ● 2020/21 £ 2,002.7m £ 188.3m 9.4 % £ 181.7m 31.3p £ 167.2m £ 160.6m 27.7p 15.9p £ 145.4m £ 122.0m 0.5x Growth driven by improving momentum throughout the year and strong market share gains Revenue growth of 2.5 % , with like - for - like up 1.4 % , reflecting strong market share gains in all key markets Superior availability , product and service solutions and being digitally - enabled has driven Group outperformance RS PRO like - for - like revenue growth of 9.7 % , due to greater brand awareness and new product development Web revenue grew 2.4 % with total digital revenue accounting for 63 % of Group revenue Three strategic acquisitions performing in line with expectations , with integration and cross - selling on track Despite external challenges our Group Net Promoter Score remains high at 54.4 ( 2019/20 : 55.7 ) We continue to improve our environmental , social and governance journey ( ESG ) , driving higher external ratings5 Profitability affected by additional costs relating to COVID - 19 , Brexit and inventory provisions Gross margin of 42.7 % , down 1.0 pts relating to increased freight costs , inventory provisions and regional mix Operating costs included c . £ 19 million relating to COVID - 19 and Brexit due to higher freight and cost to serve RISE programme to simplify and streamline the Group delivered £ 7 million of cost benefits Adjusted operating profit margin down 1.9 pts to 9.4 % due to gross margin reduction and additional costs Adjusted profit before tax fell 17.0 % on a like - for - like basis , profit before tax lower by 19.5 % Adjusted EPS decreased 17.0 % , down 18.4 % on a like - for - like basis ; EPS fell 20.2 % 2019/20 £ 1,953.8m £ 220.7m 11.3 % £ 215.0m 37.7p £ 205.3m £ 199.6m 34.7p 15.4p³ £ 80.9m £ 189.8m 0.7x Change 2.5 % ( 14.7 ) % ( 1.9 ) pts ( 15.5 ) % ( 17.0 ) % ( 18.6 ) % ( 19.5 ) % ( 20.2 ) % 3.2 % 79.7 % Like - for - like¹ change 1.4 % ( 16.2 ) % ( 2.0 ) pts ( 17.0 ) % ( 18.4 ) % ( 19.4 ) % ( 20.4 ) % ( 21.1 ) % Growth in full - year dividend supported by strong balance sheet and cash flow 3.2 % growth in full - year dividend , in line with progressive dividend policy ; adjusted dividend cover of 2.0 times Strong adjusted free cash flow generation of £ 145.4 million driven largely by our focus on conserving cash Balance sheet strength , net debt to adjusted EBITDA of 0.5x supports , organic and inorganic strategic expansion Current trading shows strong start to the year due to COVID - 19 comparatives In the first seven weeks of 2021/22 we have seen very strong revenue growth due to the weaker comparatives from the first COVID - 19 lockdowns . Looking at our performance on a two - year view , like - for - like revenue growth remains robust and broadly in line with our annual like - for - like revenue growth in H2 2020/21 . Our performance in Americas 1