Pre Interim Results Trading Update

RNS Number : 9796D

Softcat PLC

06 February 2018

 

6 February 2018

Softcat plc

("Softcat", the "Company")

Pre Interim Results Trading Update

Softcat plc, a leading UK provider of IT infrastructure products and services, updates on trading ahead of the announcement of its interim results on 21^st March 2018.

Trading for the six months to 31 January 2018 has been strong across all segments and ahead of the Board's expectations.

Gross profit and adjusted operating profit^[1] for the six months grew approximately 22% and 19%, respectively, reflecting consistent performance across the period and further successful execution of the strategy.

The nature of the Company's operations means that forward visibility is relatively low. However, the strong H1 performance will clearly support the full year outturn and as a result the Board expects to slightly exceed previous expectations.

This announcement has been determined to contain inside information.

Notes to Trading Update

^[1] Adjusted operating profit is defined as operating profit before exceptional items and share-based payment charges.

For further information, please contact:
Softcat plc
Martin Hellawell, Chief Executive Officer	+ 44 (0)1628 403 610
Graham Charlton, Chief Financial Officer
Media Enquiries ‐ FTI Consulting LLP
Ed Bridges/Matt Dixon/Dwight Burden	+ 44 (0)20 3727 1000

 

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