0954 GMT - RS Group can expect a consensus downgrade of around 5% to fiscal 2025 adjusted pretax profit after announcing it expected the metric to be at the bottom end of analysts' expectations of 247 million pounds to 274 million pounds, Shore Capital's Tom Fraine says. Fraine sees Amazon Business as a potential threat to the industrial and electronics products distributor's future market share gains given its scale and ability to deliver products very quickly. On one hand, the improvement in industrial maintenance, repair and operations products may be lengthening replacement cycles, creating a long-term headwind. However, Shore notes that RS Group's strong record of market share gains might have been enhanced by investments in digital capabilities. Shares are down 6% at 632.50 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 28, 2025 04:54 ET (09:54 GMT)
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