SEI alliance rejig fails to lift Diploma group

SEI alliance rejig fails to lift Diploma group
Richard Wilson Restructuring at merged distributor SEI/Diploma has yet to make an impact on the bottom line for parent Diploma Group, which has seen a 10 per cent fall in operating profit for its electronics business in the last six months. According to company chairman, Christopher Thomas, the restructuring of the distribution business, which includes Macro Group, has been carried out against the background of a flat and competitive market-place. “To put this in perspective,” added Thomas, “our electronic component activities, though representing over 60 per cent of electronics division sales, account for only some 30 per cent of divisional profits.”


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