Well despite strong cash generation they made a reduced pre-tax profit to 50m from a previous 64.8 million. 'Revenue grew 5.4 per cent to a record high of £3.072 billion, our adjusted* profit before tax was a solid £81.7 million and our strong consistent cash generation enabled us to make a special return of approximately £75 million to our shareholders, in addition to regular dividends. We did not, however, meet our plan in France and were disappointed with our performance there. While business conditions in that country were challenging, most of the problems were of our own making. We took too long to implement the Group ERP system and this resulted in logistics issues that have depressed our profit and temporarily increased our working capital requirements, which have in turn negatively impacted our cash position in the short-term. We managed to stabilise our problem contracts in Germany and reengineered our processes and organisation there. As a result, our German business has performed well in 2013, and it is now better positioned for the future. In the UK, the business was strong in both product sales and Services revenues and profit, and we were pleased with our progress across all fronts."
28 Feb '14
I wondered if anyone else was watching this share price. I bought in a couple weeks back and it seems there is still growth to go in my opinion. Strong return on capital and EV to EBITDA.
4 Dec '13
If the city could spend a day in the life of CC the SP would be halved. I worked here and major contracts are continually placed into 'hyper care' due to over promising services on contract signing then failing to deliver as they follow a get the contract at all costs strategy. A far riskier investment than anyone outside the tent could ever imagine !
for easy money over 10% your outlay and with a 9 for10 consolodation price could come off its lows of the year
16 Feb '13
Given the growth forecasts for 2013, coupled with the cash on the group's balance sheet, the share rating looks low despite recent share price strength. A return of capital has the potential to spark excitement about Computacenter's ability to generate cash, while the share price should benefit as the challenges of 2012 fade from the market's mind and growth prospects come to the fore.....but as always dyor and good luck.....
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