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BUZZ-Electrocomponents: Moving up on Q3 results

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) of Electrocomponents Plc (LSE: ECM.L - news) up ~2.3 pct after co reported Q3 like-for-like group revenue growth of 6 pct

** Says co. on track to deliver 4 mln stg of savings for FY

** Stock among top pct gainers in FTSE Mid 250 index

** "Q3 organic revenue growth is in line with expectations but the ~7 pct January exit rate is slightly ahead of Q4 consensus" - Jefferies

** Brokerage Liberum says "company remains well positioned to take market share and drive margin expansion"

** "Longer term, there remains plenty of scope for gross margin improvement through continued growth in higher margin products as well as benefits from the roll-out in EMEA (in H2) of a dynamic pricing tool" - Liberum