Computacenter PLC Pre-Close Trading Statement (7825U)
January 23 2017 - 1:00AM
UK Regulatory
TIDMCCC
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
Computacenter@tulchangroup.com
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
END
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