Key Points – RS Group reported resilient full-year results, with revenue flat on a like-for-like basis and performance “in line with or marginally ahead of expectations” despite tough macro conditions.
Cash conversion was strong at 109%, net debt fell to £329 million, and the company raised its final dividend while launching a £100 million share buyback. – Regional momentum improved in the second half, with EMEA returning to growth and both North America and APAC expanding
Germany and Mexico remained pressured, but management said broader sentiment and PMIs were stabilizing, supporting cautious optimism for the next year. – RS Group said its multi-year value acceleration plan is moving from foundation-building to activation, with new digital, product, and supply-chain initiatives starting to lift conversion and order values. RS PRO and Solutions continued to outperform, helping offset weakness in digital revenue and some larger product categories. RS Group (LON:RS1) said it delivered “good progress and building momentum” in the year ended March 31, 2026, as the industrial and electronics distributor reported resilient results despite challenging markets and continued investment in its multi-year growth plan.
Chief Executive Simon Pryce said the company’s financial performance was “in line with or marginally ahead of expectations,” with volumes slightly lower but revenue supported by pricing discipline. He said the company maintained operating margins through improved gross margins and controlled costs. “We enter the next financial year with attractive and building momentum, notwithstanding the quite challenging macro environment that remains out there,” Pryce said. Revenue Flat on Like-for-Like Basis, Cash Conversion Strong Chief Financial Officer Kate Ringrose said reported revenue decreased 1% year over year.