Computacenter PLC Trading Statement (2747W)
10 December 2019 - 6:00PM
UK Regulatory
TIDMCCC
RNS Number : 2747W
Computacenter PLC
10 December 2019
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF
ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No. 596/2014.
FOR IMMEDIATE RELEASE
Computacenter plc
Trading Update - 10(th) December 2019
Computacenter plc ("Computacenter" or the "Group"), a leading
independent technology partner trusted by large corporate and
public sector organisations, today publishes an unscheduled trading
update, based on unaudited financial information, for the period to
30 November 2019.
At the Group level, both revenue and profitability remain well
ahead of our 2018 year-to-date performance on a like for like
basis, before the positive impact of acquisitions, with the eleven
months of trading to 30 November 2019 showing material progress for
Computacenter.
Consequently, following an early review of November's
performance, Computacenter's Board believe that the Group's trading
result for the financial year 2019 will be well ahead of current
market(1) expectations in both profitability and earnings per
share.
The strong 2019 performance is coming from Computacenter's
established businesses and, in the second half of the year, from
the acquired business in the US which is now performing in line
with our expectations following a difficult start to the year. The
Group has not seen a repeat of the negative impact that occurred in
the second half of 2018 due to contract provisions and these
existing difficult contracts continue to perform in line with, or
slightly ahead of, our expectations.
Computacenter's Board acknowledge, as is the case every year,
that there is still a significant amount to do in December, which
is always our busiest month of the year, however visibility on this
critical month's outturn is starting to improve.
Our next scheduled communication will be the Pre-Close Trading
Statement on Thursday 23 January 2020.
Enquiries:
Computacenter plc
Mike Norris, Chief
Executive 01707 631601
Tony Conophy, Finance
Director 01707 631515
Tulchan Communications
020 7353
James Macey White 4200
Matt Low
(1) Market expectations as at 9 December 2019 are assessed as
being GBP136.2 million of adjusted profit before tax. Market
expectations are assessed by the Group as the average of the
consensus indications given by the investment analysts that
regularly provide guidance and analysis on the Group's future
performance to the market.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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