Raspberry Pi maker cuts dividend
The Leeds-based firm paid a 10.4p dividend in the previous year.
The company said US sales per day fell 6.9 per cent in the third quarter and by 5.1 per cent in the fourth quarter.
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Hide AdThe Americas accounted for nearly 35 per cent of the company's revenue for the financial year to January 31.
Full-year revenue rose to £982.7m from £960.1m a year ago.
Analyst Robin Speakman at Shore Capital said: "The specialist electronics distributor has announced its final results calling time on a very difficult year for the company with few if any highlights, in our view.
"Revenues were £1m above our forecast at £983m. Gross profit was on target at £338m.
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Hide Ad"EBITA was also in-line at £73m and adjusted pre-tax profit missed our target by £1m at £57m.
"The current year sees the impact of the sale of the Akron business, this is set to see earnings and margins come under further pressure, but with a clear balance sheet benefit. The Premier story is now focused upon remedial action on the operating margin, restructuring the company for better performance and a return to growth.
"We fear that material further restructuring charges will potentially be levied over the next two years."