Electrocomponents hits £1 billion annual digital revenues

Electrocomponents plc, the global distributor for engineers, has achieved the significant milestone of £1 billion of annual digital revenues, making it amongst the largest UK online businesses in the industrial space.

Electrocomponents trades as RS Components and Allied Electronics and reached the landmark amount as a result of continuous investment in digital innovation.

In recent years, the company has implemented a marketing outreach programme whilst making thousands of enhancements to its websites, many of them a result of customer feedback and behaviour. This investment has increased traffic levels and made its websites faster and easier to use, ensuring the business gives customers a market-leading online experience.

Digital is at the heart of Electrocomponents. Founded as a catalogue distributor in 1937, the company’s digital offer has transformed the business following the launch of its first website in the UK in 1998. The Group now has 60 websites worldwide registering around 10 million visits each month. Digital has also driven its revenue growth, with online sales increasing fourfold in the past decade, up from £246 million in 2007.

Lindsley Ruth, CEO of Electrocomponents, stated: “This is a major landmark for us that cements our position as a global force in the B2B digital space. We constantly evolve to stay ahead of the market, adapting to the needs of our fast-moving and highly knowledgeable customer base – this is what sets us apart in our industry. By remaining focused on digital innovation, we will become first choice for our customers, suppliers and employees.”