Computacenter PLC Trading Statement (8984F)
21 Julio 2021 - 1:00AM
UK Regulatory
TIDMCCC
RNS Number : 8984F
Computacenter PLC
21 July 2021
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF
ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No. 596/2014.
FOR IMMEDIATE RELEASE
Computacenter plc
Trading Update - 21(st) July 2021
Computacenter plc ("Computacenter" or the "Group"), a leading
independent technology partner trusted by large corporate and
public sector organisations, today publishes a trading update,
based on unaudited financial information, for the period to 30 June
2021.
Trading across all of our major geographies has been robust
throughout the first half of 2021, as noted in our 29(th) April
trading update, with particular strength at the end of the second
quarter. This means that the Group will deliver an adjusted profit
before tax for the first half of 2021 circa 50% ahead of the same
period last year. We have seen strong organic Technology Sourcing
and Services Growth in the UK, Germany and the US.
There have been substantial supply shortages in the industry
caused by the shortage of key components, and we have seen a
strengthening of the pound against other currencies. Without these
two factors our profitability would have been even further
ahead.
We have seen particular strengths from our German operation
compared to last year in Q2 due to the majority of our industrial
clients now being fully operational.
We have also been extremely pleased with the financial
performance from our US operations, a large part of which was only
acquired during Q4 2020.
The UK showed some progress in the first half even though it had
by far the most challenging comparison in the Group, following a
very strong second quarter in 2020.
The integration of our newly acquired French networking business
is on plan and we have seen an uptick in performance from our
subsidiaries in Belgium and the Netherlands.
As we enter the second half of the year our Services backlog and
more particularly our Product backlog, across all geographies, are
at a record high which gives us a high degree of comfort. We do
however remain concerned about product shortages within the
industry and obviously further strengthening of the pound would
create a stronger FX translation headwind, but we are not
predicting either of these headwinds to get any worse.
After a record breaking performance in 2020, as we entered into
2021, there was some understandable scepticism as to whether
Computacenter could continue with its 16 years of uninterrupted
earnings per share growth. Given the performance in the first half,
the current backlogs and the forecast to the end of the year, while
nothing in life is ever certain and we face a stronger comparative
in the second half, it is highly likely that 2021 will be another
year of substantial progress for the Group.
This level of financial performance, coupled with the
performance over the last 40 years, can only be achieved because
Computacenter continually adapts to our rapidly changing industry
in an agile manner which enables it to deliver the relevant
services and solutions to its customers now and into the
future.
We look forward to announcing the Group's Interim Results on
Wednesday 9 September 2021.
Enquiries:
Computacenter plc
Mike Norris, Chief +44 1707
Executive 631601
Tony Conophy, Finance +44 1707
Director 631515
Tulchan Communications
+44 20 7353
James Macey White 4200
Matt Low
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END
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