Pre-Close Trading Statement

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 £144.5 million. An increase on last year of £23.8 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 31st December 2016 on Monday 13th March 2017.   

 

 

Enquiries:

 

 

 

Computacenter plc

 

 

 

Mike Norris, Chief Executive

01707 631601

Tony Conophy, Finance Director

01707 631515

 

 

Tulchan Communications

 

James Macey White

020 7353 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
As Reported *

Q4 Change Constant Currency **

FY Change
As Reported *

FY Change Constant 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
 
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