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Date: Wednesday 31 Jan 2007

LONDON (ShareCast) - Electronic components distributor Abacus Group made a strong recovery today as it said it was pleased with the trading performance in the first four months of the financial year, which is in line with management expectations.

“The successful integration of our acquisitions in 2006 of Deltron and Axess Groups has led to a significant increase in the size of the group's operations,” said chairman Harry Westropp in his AGM statement.

With the geographic spread of the business having changed substantially, the company reckons it should achieve nearly half of its sales outside the UK in 2007.

“This gives us greater opportunities for growth and a hedge against change in any individual market where we operate,” added Westropp.