Computacenter PLC
02 July 2003
Pre-Close Trading Update
Computacenter plc, the IT infrastructure and services provider, is today holding
presentations on its business for analysts and investors at its office in
London. Mike Norris, Chief Executive, will comment on trading in the half year
ended 30 June 2003 and the outlook for the Company. The following information
will be released to conclude the meeting:
'We are confident that the Group's strategic direction, which puts a clear focus
on IT infrastructure services, will continue to deliver superior performance.
Our Managed Services offering has demonstrated that customers can realise
significant internal cost benefits in the longer term as a result of our
expertise, coverage and scale.
Overall, the Group has delivered a good first half performance. IT capital
expenditure remains weak in our major markets and this has adversely affected
product sales in the first half of the year. However, this has been offset by
the strength of our Professional and Managed Services activities, together with
rigorous cost management across the Group. Recently we have been awarded a
substantial outsourcing contract with Abbey National, valued at more than £70
million over 5 years.
We are pleased with the integration of our German acquisition, GE CompuNet (now
CC CompuNet). The restructuring programme, which incorporates the transfer of
best practice from the UK, is going to plan.
After a modest pick-up in the market in the first quarter, trading has fallen
back to more subdued levels. We anticipate little change to these conditions for
the remainder of the year. Despite these market conditions, the Group continues
to perform well and we expect to report a result for the six months ended 30
June 2003 ahead of market expectations.'
Computacenter will report its interim results on Tuesday 2 September 2003.
For further information, please contact:
Computacenter plc:
Mike Norris, Chief Executive 01707 631601
Tessa Freeman, Investor Relations 01707 631514
www.computacenter.com
Tulchan Communications: 020 7353 4200
Julie Foster, Tim Lynch
www.tulchangroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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