Computacenter sees 2021 profits ahead of expectations

IT group Computacenter on Tuesday said it continued to expect annual adjusted profit to be ahead of market views.

In an unscheduled trading statement, the IT group said its performance has continued to be robust across all of its regions in July and August.

Computacenter said that even with a flat performance in the second half of 2021 compared to the second half of last year, adjusted pre-tax profit would finish the year 10% ahead of current market expectations.

"Whilst visibility in our business is never perfect, given the momentum in the business, a substantial order backlog, the successful acquisitions and a strong forecast we will endeavour to beat last year's second half performance, not just match it," Computacenter said.

“After our 21 July 2021 statement, current market forecasts have remained below the board's expectations. This is because less than half of the analysts covering Computacenter have upgraded their forecast subsequent to the ... statement. Therefore, we are required to make this additional trading update statement.”

The company is scheduled to release interim results on September 9.