Computacenter sees full year in line with expectations

Computacenter said on Monday that adjusted pre-tax full-year results are anticipated to be in line with its expectations, as it reported a rise in group revenue for the year to the end of December.

The company, which provides IT infrastructure services, said group revenue was up 6% on a reported basis and remained flat at constant currency. Group Services revenue increased by 5% on a reported basis and fell 1% at constant currency, while group Supply Chain revenue increased 7% on a reported basis but was flat at constant currency.

In the UK, revenue was down 1%, with Services revenue declining 8% and Supply Chain revenue up 3%. In the fourth quarter, Services revenue reduction was marginally less than that for the full year and Supply Chain was particularly strong.

In Germany, revenue rose 3% for the year, with Services revenue up 7% and Supply Chain up 1%, all in constant currency.

In France, revenue was down 10%, with Services 3% lower and Supply Chain down 11% at constant currency.

At the end of last year, the group had net funds of £144.5m, up £23.8m from the previous year.

“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.”