Computacenter PLC
28 June 2005
Trading Update
At the end of the first quarter Computacenter reported difficult trading
conditions with sales down 10% compared to last year.
These difficult trading conditions have continued in the second quarter. The
improving trend seen at the end of the first quarter was not sustained and
product sales in the second quarter have been below our expectations.
Our Managed Services business has seen continued growth, but at a lower level
than anticipated.
Overall Group sales in the first half will be down approximately 10% on the
first half of last year, however, the final sales outcome will rely heavily on
the last few days of the quarter. These lower sales have further impacted the
rebates we receive. Combined with the sales performance this has had a material
impact on the achieved margins in the first half.
We do not see these trading conditions improving for the rest of 2005 and as a
consequence we expect Computacenter's profit to be substantially below current
market estimates.
Computacenter will be holding its investor and analyst day conference on Tuesday
the 5th of July at which it will give a more detailed analysis of this half's
trading conditions and future strategy.
Enquiries:
Mike Norris, Chief Executive, Computacenter plc 01707 631601
Tony Conophy, Group Finance Director 01707 631515
Tessa Freeman, Investor Relations, Computacenter plc 01707 631514
Tim Lynch, Tulchan Communications 020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.