Q3 2021 Trading Update

RNS Number : 6527Q

Computacenter PLC

29 October 2021

 

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

FOR IMMEDIATE RELEASE

Computacenter plc

Q3 Trading Update - 29 October 2021

Computacenter plc, 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 third quarter to 30 September 2021.

The third quarter finished marginally above our expectations which, combined with our most recent forecast for the fourth quarter, means the Board is very comfortable with its current expectations for the full year ending 31 December 2021 which are on track to deliver record revenue, profits and earnings per share. 

We enter the fourth quarter with strong backlogs in both Services and Technology Sourcing. The Technology Sourcing backlog is at record levels driven by three factors - strong underlying demand, vendor product supply constraints and customers placing advance orders to mitigate the risk of product shortages.

The product supply shortages are not as severe as some market predictions, but are affecting the timing of revenue bookings, and increasing inventory levels, as we wait for components to complete orders. Without these constraints our expected record performance would be even stronger.  

We look forward to publishing our Pre-Close Trading Update announcement on Monday 24 January 2022.

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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