Computacenter "Materially Outperforms" Annual Expectations, Grows 8%

LONDON (Alliance News) - Computacenter PLC on Wednesday said it "materially ouperfromed" its annual expectations, achieving "record revenue and profitability".

Computacenter shares were trading up 4.1% at 1,060.00 pence each in London.

For 2018, the IT infrastructure services provider expects revenue to rise 8% on the prior year, excluding acquisitions made during the year. At constant currency revenue is expected to rise 7%.

"We stated one year ago that we expected 2018 to be a year of stable profitability and we are pleased that we have materially out-performed the expectations that we held at the beginning of the year with record revenues and adjusted profitability," the company said.

Pretax profit for the recently ended financial year is seen "marginally ahead" of the company's expectations.

For 2017, the FTSE 250 firm posted revenue of GBP3.79 billion and pretax profit of GBP111.7 million.

By geography, the firm's UK business saw revenue up 10% in the year, with Services revenue down 5% and Technology Sourcing revenue up 17%.

In Germany overall revenue was up by 9%, while France saw revenue down 3%. The rest of the firm's International business increased revenue by 12%.

Looking ahead at 2019, Computacenter said it expects further financial progress driven by "customers' appetite to invest in digital technology to enhance their business".

Computacenter will publish its annual results on March 12.

Computacenter