Computacenter PLC Pre-Close Trading Statement (7825U)

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RNS Number : 7825U

Computacenter PLC

23 January 2017

Computacenter plc

Trading Update - 23 January 2017

Computacenter plc (the "Group"), the independent provider of IT infrastructure services that enables users, is today providing an update on trading based on preliminary unaudited financial information for the year ended 31 December 2016 ("the year").

Group Financial Performance

The adjusted pre-tax results for the year are anticipated to be in line with the Board's expectations.

Group revenue for the year increased 6% on a reported basis and remained flat in constant currency. Group Services increased by 5% on a reported basis and reduced by 1% in constant currency. Group Supply Chain revenue increased 7% on a reported basis but was flat in constant currency.

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

German revenue increased by 3% in for the year, with Services revenue increasing by 7% and Supply Chain revenue increasing by 1%, all in constant currency.

In France our revenue reduced by 10% with a reduction of 3% in Services and 11% in Supply Chain, all in constant currency.

Group Financial Position

At the end of 2016, Group net funds were GBP144.5 million. An increase on last year of GBP23.8 million.

Group Outlook

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.

We look forward to publishing our final results for the year ended 31(st) December 2016 on Monday 13(th) March 2017.

 
 Enquiries: 
 
 Computacenter 
  plc 
 
 Mike Norris, Chief 
  Executive                01707 631601 
 Tony Conophy, 
  Finance Director         01707 631515 
 
 Tulchan Communications 
                           020 7353 
 James Macey White          4200 
 
 

Conference Call

There will be a conference call for analysts and investors this morning at 09:00. For dial-in details, please contact Charlotte Horner at Tulchan Communications at [e-mail]

Appendix

 
 
 
   Change vs 2015        Q4 Change     Q4 Change    FY Change     FY Change 
                         As Reported    Constant    As Reported    Constant 
                              *         Currency         *         Currency 
                                           **                         ** 
 ------------------    -------------  ----------  -------------  ---------- 
 
 
  Supply Chain 
   Revenue 
  UK                        14%           14%           3%           3% 
  Germany                   14%           2%           14%           1% 
  France                    (8%)         (19%)          0%          (11%) 
 
  Group                     11%           3%            7%          (0%) 
 --------------------  -------------  ----------  -------------  ---------- 
 
  Services Revenue 
  UK                        (7%)         (7%)          (8%)         (8%) 
  Germany                   17%           4%           21%           7% 
  France                    11%          (1%)          10%          (3%) 
 
  Group                      4%          (2%)           5%          (1%) 
 --------------------  -------------  ----------  -------------  ---------- 
 
  Total Revenue 
  UK                         7%           7%           (1%)         (1%) 
  Germany                   15%           2%           16%           3% 
  France                    (6%)         (16%)          2%          (10%) 
 
  Group                      9%           2%            6%          (0%) 
 --------------------  -------------  ----------  -------------  ---------- 
 
 

* Change vs 2015 Q4 and FY revenues reported at 2015 exchange rates

** Change vs 2015 Q4 and FY revenues reported at 2016 exchange rates

This information is provided by RNS

The company news service from the London Stock Exchange

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January 23, 2017 02:00 ET (07:00 GMT)