Computacenter PLC Q3 2019 Trading Update (5403R)
October 30 2019 - 2:00AM
UK Regulatory
TIDMCCC
RNS Number : 5403R
Computacenter PLC
30 October 2019
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
FOR IMMEDIATE RELEASE
Computacenter plc
Q3 Trading Update
Computacenter plc ("Computacenter" or the "Group"), a leading
independent technology partner trusted by large corporate and
public-sector organisations, today publishes a trading update,
based on unaudited financial information, for the period to 30
September 2019.
Overview
Trading across the Group in the quarter has been good. At the
Group level, both revenue and profitability remain well ahead of
our 2018 Q3 year-to-date performance on a like for like basis
before the positive impact of acquisitions. Following the
challenging first-half comparison, the Group has, as expected,
comfortably beaten its prior year third quarter comparative with
the positive momentum seen in the first six months of the year
continuing throughout the quarter. The Board's outlook remains in
line with its existing expectations, which were upgraded as per the
Group's Trading Update on 31 July 2019.
Financial Performance
In the UK we saw pleasing revenue growth over the comparative
quarter within Technology Sourcing. Germany continued to perform
strongly throughout the quarter with shortfalls from our
International Sector customers significantly exceeded by increases
from the Public Sector. In France, we continued to see a better
than expected performance through the quarter. Our smaller European
countries continued their positive contribution. In the US we saw a
strong return to both revenue and profitability growth with the
performance in the third quarter alone being materially greater in
absolute profitability than the first half of the year.
Our wider Managed Services portfolio continues to perform very
well with established contracts seeing increasing margins and the
difficult contracts performing in line with expectations. Our only
marginal disappointment in the quarter was that we were notified
that we were not the preferred bidder on a large Managed Services
renewal in France. This will have a small impact to the Group in
2020 however we expect to continue a significant relationship with
this customer.
Group Outlook
Well publicised challenging economic conditions are affecting
some of our customers however, to-date, this has been more than
compensated by the drive to digitalise across the entire
marketplace.
While the fourth quarter is always the most critical to the
year's performance, the Board's confidence with its current
expectations continues to strengthen as we progress through the
year.
Enquiries:
Computacenter plc
Mike Norris, Chief
Executive 01707 631601
Tony Conophy, Finance
Director 01707 631515
Tulchan Communications
James Macey White / 020 7353
Matt Low 4200
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END
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