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Premier Farnell plc (Farnell or the company ) is a distributor of technology products and solutions for electronic system design, maintenance and repair. The company offers its products and services throughout Europe, the Americas and Asia Pacific. It is headquartered in Leeds, the UK and employed 4,459 people as on January 29, 2012. The company recorded revenues of £973.1 million ($1,556.2 million) during the financial year ended January 2012 (FY2012), a decrease of 1.8% as compared to FY2011. The operating profit of the company was £123.4 million ($197.3 million) during FY2012, an increase of 10.1% over FY2011. The net profit was £76.9 million ($123 million) in FY2012, an increase of 16.2% over FY2011.
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