EarningsQ2 2026 Earnings Report

RS Group PLC (ECN) Q2 2026 Earnings Report

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Previous Report: Q4 2025

Next Report: Q4 2026

DE:ECN Q2 2026 EPS Results

Actual EPS€0.21

Consensus EPS€0.21

Beat/MissMissed by -<€0.01

One Year Ago EPS€0.22

DE:ECN Q2 2026 Revenue Results

Actual Revenue€1.66B

Expected Revenue€1.69B

Beat/MissMissed by -€28.63M

YoY Revenue Growth-2.66%

Earnings Announcement Details

QuarterQ2 2026

Date11/06/2025

TimeBefore Open

Conference CallThursday, November 6, 2025

DE:ECN Upcoming Earnings

RS Group PLC's next earnings date is estimated for November 5, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Nov 06, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call reflects a balanced performance with significant strengths in cash flow conversion, growth in key segments like RS PRO, and efficient cost management. However, these are offset by challenges such as revenue declines, weak demand in semiconductors, and regional difficulties, particularly in EMEA and Germany.

Company Guidance

The recent call provided significant guidance on RS Group's financial and operational progress for the first half of the fiscal year ending September 30, 2025. The company reported a 3% decrease in revenue on a reported basis, translating to a 1% decline when adjusted for currency fluctuations and trading days. Despite this, RS Group achieved strong cash flow conversion at 107% and maintained a stable ROCE of 15%. The interim dividend was increased by 2% to 8.7p per share. The Americas region showed modest growth of 1% on a like-for-like basis, while Asia Pacific saw a 4% rise, offsetting a 2% decline in EMEA. The company's digital revenue decreased by 2%, but e-procurement solutions grew by 9%. RS PRO's sales increased by 4%, now comprising 14% of group revenues. The group maintained an ongoing cost base of GBP 482 million, with efforts to achieve GBP 15 million in restructuring and integration benefits by year-end. The guidance for the second half includes expectations of a gross margin slightly above 43% and disciplined cost management amid uncertain market conditions.

Strong Cash Flow Conversion

Cash flow conversion was very strong at 107%, with continued good working capital management and ROCE stable at 15%.

Growth in Key Segments

RS PRO grew sales by 4% with growth in all regions, and the e-procurement solution saw a 9% growth, reflecting a 7% increase in like-for-like service solutions revenue.

Resilient Performance in Americas and Asia Pacific

Americas saw like-for-like revenue growth of 1%, and Asia Pacific's revenue was up 4% on a like-for-like basis, with growth in Australia, New Zealand, Southeast Asia, and Japan.

Digital and Pricing Optimization

Significant improvements in digital and pricing optimization, including a 2% improvement in Add to Cart rate and a 5% improvement in basket to order conversion.

Cost Management and Efficiency

Active cost management resulted in flat costs despite inflation, with restructuring and integration benefits leading to a GBP 47 million savings over the last 2 years.

DE:ECN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 05, 2026	2027 (Q2)	0.22 / -	0.208	―
May 20, 2026	2026 (Q4)	0.24 / 0.25	0.188	32.08% (+0.06)
Nov 06, 2025	2026 (Q2)	0.21 / 0.21	0.221	-5.88% (-0.01)
May 21, 2025	2025 (Q4)	0.24 / 0.19	0.248	-24.29% (-0.06)
Nov 07, 2024	2025 (Q2)	0.20 / 0.22	0.264	-16.14% (-0.04)
May 22, 2024	2024 (Q4)	0.25 / 0.25	0.38	-34.58% (-0.13)
Nov 07, 2023	2024 (Q2)	0.26 / 0.26	0.373	-29.21% (-0.11)
May 23, 2023	2023 (Q4)	- / 0.38	0.324	17.15% (+0.06)
Nov 03, 2022	2023 (Q2)	0.27 / 0.37	0.27	38.16% (+0.10)
May 24, 2022	2022 (Q4)	- / 0.32	0.215	50.55% (+0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed