EMEA the star performer in tough Q2 for Avnet

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EMEA the star performer in tough Q2 for Avnet

Components business on the up as value arm struggles

Goliath distributor Avnet has posted another quarter of growth in EMEA on the back of surging sales at its Electronics Marketing (EM) arm. However, overall sales, as well as sales at its enterprise distribution arm, Avnet Technology Solutions, went backwards in the three months ending 2 January 2016. For its fiscal Q2, group sales came in at the low end of Avnet's expectations, falling 9.3 per cent year on year to $6.85bn (€6.25bn), a 5.5 per cent drop in local currencies. Chief executive...

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