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Trading statements

Computacenter on track

23 January 2017 09:44

Computacenter expects adjusted pre-tax results for the year ended 31 December to be in line with the board's forecasts.

Computacenter said group revenue increased 6% on a reported basis and remained flat in constant currency.

Group services increased by 5% on a reported basis and reduced by 1% in constant currency while group supply chain revenue increased 7% on a reported basis but was flat in constant currency.

UK revenue reduced by 1% for the year, with services revenue declining by 8% and supply chain revenue increasing by 3%.

In the fourth quarter, services revenue reduction was marginally less than that for the full year and supply chain was particularly strong.

German revenue increased by 3% in for the year, with services revenue increasing by 7% and supply chain revenue increasing by 1%, all in constant currency.

In France, revenue reduced by 10% with a reduction of 3% in services and 11% in supply chain, all in constant currency.

Looking ahead, the group said: "We are encouraged by our performance in 2016 in Germany and pleased with the progress we have made in France.

"In the UK, the second half performance has been in line with our revised expectations, set at half year after a disappointing first half performance.

"We expect 2017 to be another year of progress for the group as we continue our momentum in Germany, maintain our position in France and marginally improve on our 2016 performance in the UK.

"While in the UK we are reliant on a small number of large opportunities, our managed services pipeline across the group is strong."

At 9:44am: (LON:CCC) Computacenter PLC share price was +4.75p at 794.75p

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Related Company: CCC

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