Q1 2023 Trading Update

Computacenter PLC

28 April 2023

 

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

FOR IMMEDIATE RELEASE

Computacenter plc

Q1 Trading Update - 28 April 2023

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 2023 ("the quarter").

Overview

The strong revenue growth the Group experienced throughout 2022 continued during the first quarter of 2023. In Europe, this was based broadly across geographies and industry sectors. In North America, the overall performance of the business was underpinned by demand from two customers. Overall, we are pleased with the performance in the first quarter of the year.

While margins in our Services business continue to be challenging, we remain satisfied with the profitability performance for the first quarter.

Group Outlook

The seasonal trends within our business returned to normal in 2022 and we expect these to continue through 2023. As such, while much remains to be done, we continue to believe that 2023 will be another year of progress with growth in profitability expected in both the first half of 2023 as well as for the year as a whole.

Our customers' demand remains strong despite economic headwinds. While this can never be guaranteed to continue at the current pace, the requirements on IT systems to remain current, supported, and secure are necessities that no business can afford to ignore.

Our next scheduled trading update is the announcement of our Interim Results on Friday 8 September 2023.

Enquiries:
Computacenter plc
Mike Norris, Chief Executive	[phone]
Tony Conophy, Finance Director	[phone]
Tulchan Communications
James Macey White / Matt Low	[phone]

 

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