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UKHotViews
Wednesday 21 July 2021

Momentum continues to gather at Computacenter

LogoA first half trading update from Computacenter sees the company increasingly confident about maintaining its 16 year track record of uninterrupted earnings per share growth in FY21.

Building on a “pleasing” Q1 performance (see here), trading across all of the Group’s major geographies is reported as having been robust throughout the first six months of 2021. Computacenter now expects an adjusted profit before tax for H121 will be up around 50% yoy to c.£110m. This number would probably have been larger had it not been for both chip shortage related supply challenges in its Technology Sourcing activities and a strengthening of the pound against other currencies during the period.

From a demand perspective, the company points to improvements from its German operation compared to last year in Q2 due to the majority of its industrial clients now being fully operational. The first half uptick has further benefitted from the contribution of Computacenter’s US operations, a large part of which was only acquired during Q420. The UK business is also said to have achieved growth in the first half.

While there remain concerns regarding the impacts of product shortages within the industry, the company offered an upbeat assessment of the full year outlook. The business backlogs across all geographies were reported to be at record highs at beginning of the second half and Computacenter believes that 2021 will be another year of “substantial progress” for the Group.

Posted by: Duncan Aitchison at 09:47

Tags: cloud   tradingupdate   infrastructureservices  

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