Computacenter PLC
10 July 2007
Computacenter plc
Pre-Close Trading Update
Computacenter is today holding an Investor and Analyst conference call to
provide an update on trading for the six months to 30 June 2007.
Group operating profit for H1 2007, prior to the amortisation of acquired
intangibles, is expected to be in line with the same period last year. Interest
income will be below last year due to the £75 million share buyback, which took
place on 3 July 2006 and the spend of approximately £35 million on acquisitions.
Net borrowings at the period end prior to customer-specific financing are
expected to be circa £20 million.
In the UK, a disappointing performance was delivered in H1 in both Products and
Services. The Product Division, whilst showing some recovery in Q2 compared to
Q1, has traded below 2006 levels. The UK Services Division has suffered price
erosion on renewals and the loss of some key contracts in 2006, as previously
explained. However, this was offset by stronger performances in Germany and
France.
Computacenter Germany has performed well with record first half profits in H1
2007. We expect this improvement to continue throughout the year with market
conditions remaining strong.
The good progress in France in Q1 has continued through the second quarter. The
performance of the business continues to improve, although it is still
loss-making.
The Board also announces that Ron Sandler, currently Executive Chairman, will
with immediate effect become non-executive Chairman of Computacenter.
Computacenter will report its Interim results on 11 September 2007.
Enquiries:
Computacenter plc
Mike Norris, Chief Executive 01707 631601
Tony Conophy, Finance Director 01707 631515
Tessa Freeman, PR Manager 01707 631514
Tulchan Communications 020 7353 4200
Andrew Grant
Stephen Malthouse
This information is provided by RNS
The company news service from the London Stock Exchange
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