Computacenter revenue rises, anticipates results ahead of expectations
Source - SMW
Computacenter plc, the independent provider of IT infrastructure services, reported group revenue for the year increased by £548 million and said it anticipates that adjusted pre-tax results for the year ahead of the board's expectations.
'Group revenue for the year increased by £408 million or 12% in constant currency, and by £548 million or 17% on an as reported basis,' Computacenter said in a trading update. 'Group Services revenue increased by 7% in constant currency and by 11% on an as reported basis. Group Supply Chain revenue increased by 14% in constant currency and by 19% on an as reported basis.'
'UK revenue increased by 9% for the year, with Services revenue increasing by 6% and Supply Chain revenue increasing by 10%. The fourth quarter was particularly strong with Services revenue up 9%, Supply Chain up 18% with an overall revenue growth of 16%, the best fourth quarter growth we have seen in the UK for a number of years.'
'German revenue increased by 15% for the year overall with Services revenue increasing by 7% and Supply Chain revenue increasing by 19%, all in constant currency.' 'French revenue increased by 13% for the year overall with Services revenue increasing by 15% and Supply Chain revenue increasing by 12%, all in constant currency.
The company highlighted ongoing customer investment in new IT infrastructure, including digitalisation as one of the factors that supported growth in 2017 but said that it expects there 'will be a number of one-off costs and investments within the Group in 2018 that will not repeat in 2019, which will hold back the enhancement of profitability in 2018.'.
The company is slated to publish final results for the year ended 31 December 2017 on Tuesday 13 March 2018.
At 8:59am: (LON:CCC) Computacenter PLC share price was +10p at 1174p