RS Group (RS1) is still feeling the effects of a weak industrial backdrop, especially in Europe. Like-for-like revenue fell 2 per cent to £2.9bn, dragged down by the EMEA region, with average order values slightly lower year on year.
The group, which distributes maintenance, repair and operations products and services, saw an improvement in the second half, particularly in the Americas and Asia Pacific region, including a small increase in like-for-like sales during the fourth quarter. Monthly trends were mixed, however.
