Computacenter PLC Q1 2022 Trading Update (7819J)
29 April 2022 - 4:01PM
UK Regulatory
TIDMCCC
RNS Number : 7819J
Computacenter PLC
29 April 2022
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
FOR IMMEDIATE RELEASE
Computacenter plc
Q1 Trading Update - 29 April 2022
Computacenter plc ("Computacenter", the "Company" 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
first quarter to 31 March 2022 ("the quarter").
Overview
As we expected, the Group has seen strong top line growth in the
first quarter of 2022 with growth in adjusted profit before tax at
a more modest level, due to one very large volume customer that has
diluted our overall margin. Additionally, the substantial removal
of lock down measures in the geographies in which we operate, has
meant a return to a more normal, and more sustainable,
post-COVID-19 cost base.
As we announced at the time of our final results, the first half
of 2021 creates a more challenging comparison than the year as a
whole, so to be ahead of 2021 in profit terms after the first
quarter is pleasing.
Group Outlook
Adjusted profit before tax at the end of H1 2022 is likely to be
behind that in 2021, but we will still be operating in line with
the historical seasonality of our business which gives us the
confidence for the full year even though much work remains to be
done. We remain confident that FY 2022 will be a year of further
progress, and we remain on track for the year as a whole.
There are clearly many challenges in the world and we, like most
companies, are affected by wage inflation and supply chain
shortages, but these offer us opportunities to differentiate from
our competition with superior execution. The momentum Computacenter
has built over many years and the strength of our balance sheet
gives us confidence for the future.
Our next scheduled trading update is the announcement of our
Interim Results on Friday 9 September 2022.
Enquiries:
Computacenter plc
Mike Norris, Chief +44 (0) 1707
Executive 631 601
Tony Conophy, Finance +44 (0) 1707
Director 631 515
Tulchan Communications
James Macey White / +44 (0) 2073
Matt Low 534 200
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END
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