Computacenter comfortably ahead of previous forecasts
Source - SMW
Computacenter's board believes that the group's trading result for the 2017 financial year will be comfortably in excess of its previous expectations.
Computacenter stated in its interim results announcement that it intended to make a one-off return of value to shareholders in the fourth quarter.
The company said it remains committed to a return of value of approximately £100m, which it intended to undertake by way of a tender offer for ordinary shares.
However, due to the increases in profit expectations as a result of strong trading performance during 2017, the board now believes it would be inappropriate to launch a tender offer in the fourth quarter.
It said that the company would launch a tender offer on 23 Jan, the day after the release of its full-year trading update, when the board will be in a position to provide greater clarity on the trading result for 2017.
At 9:53am: (LON:CCC) Computacenter PLC share price was +73.5p at 1061.5p