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RS Group PLC ( (GB:RS1) ) has shared an announcement.
RS Group PLC reported a 3% decrease in group revenue for the third quarter, influenced by declining industrial production and weaker market conditions in EMEA, though revenue grew in the Americas and Asia Pacific. Despite the challenging environment, RS Group is advancing its strategic initiatives, maintaining cost controls, and is on track to achieve significant annual cost savings, although full-year profit is expected to be at the lower end of forecasts due to market softness.
More about RS Group PLC
RS Group PLC is a global distributor providing maintenance, repair, and operation products and service solutions to industrial customers. The company focuses on enhancing its digital and technology platforms, product offerings, and customer service capabilities to drive share gains across various product categories.
YTD Price Performance: -1.25%
Average Trading Volume: 784,522
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.22B
For detailed information about RS1 stock, go to TipRanks’ Stock Analysis page.