23 April 2012
Queen’s Awards 2012: Electrocomponents commended for international trade achievements
Electrocomponents has won the Queen's Award for Enterprise in the International Trade category. The distributor, which owns RS Components, was commended for its overseas earnings, growth and commercial success.
Over the last five years the company's international business has achieved average annual sales growth at around double the rate of average annual global GDP growth. Its international sales grew from £474.9 to £825.9million between March 2006 and March 2011 and now account for 70% of its total revenues.
Ian Mason, group chief executive, said: "We are absolutely delighted to be honoured with the Queen's Award, Britain's most coveted commercial prize. This tremendous accolade reflects the hard work of our employees to continuously achieve growth overseas and instils great pride throughout our organisation. We will continue to focus on growing our international sales and revenue share."
The Queen's Awards for Enterprise are highly prestigious and granted for outstanding achievement by UK businesses in the categories of Innovation, International Trade and Sustainable Development.
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