Computacenter PLC Q1 2021 Trading Update (9829W)
29 4월 2021 - 3:00PM
UK Regulatory
TIDMCCC
RNS Number : 9829W
Computacenter PLC
29 April 2021
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
FOR IMMEDIATE RELEASE
Computacenter plc
Q1 Trading Update - 29 April 2021
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 2021 ("the quarter").
Overview
We have been extremely pleased with the profit growth we have
achieved in the first quarter of 2021, which is testament to our
continued investment, over many years, in our systems, tools and
processes that optimise our business and improve our customer
experience. There has been a strong demand across the business
particularly for our Professional Services in Germany and the UK,
and significant revenue growth in Technology Sourcing in the UK.
The cost base reductions we experienced since the start of the
COVID-19 pandemic have been maintained through the quarter.
The combined performance of our existing US business and the
recently acquired Pivot has been ahead of our expectation and while
there is still a lot to do, the two companies remain on track. The
weakness of the US dollar creates an unavoidable headwind to the
Group's performance and, if it stays at the current levels, would
be expected to impact full year profit by approximately GBP4
million. Our other acquisition in France, while as expected is
loss-making, performed in line with our expectations and again the
integration is on track.
Group Outlook
Due to the strong organic profit performance we expect 2021 to
be a year of good progress in our reported profits. Although we
will generate incremental positive growth from the Pivot
acquisition in 2021, this will be almost negated by currency
movements (if the current exchange rates remain the same) and the
expected losses from our French acquisition.
Obviously, we are living through unpredictable times and much
work remains to be done, but our good performance in Q1 and our
internal forecast for the rest of the year gives us a great deal of
confidence in our likely outcome.
This afternoon, Thursday 29 April 2021, we will be holding a
Capital Markets event focused on the US opportunity.
Our next scheduled trading update is the announcement of our
Interim Results on Thursday 9 September 2021.
Enquiries:
Computacenter plc
Mike Norris, Chief +44 (0) 1707
Executive 631 601
Tony Conophy, Finance +44 (0) 1707
Director 631 515
Tulchan Communications
James Macey White / +44 (0) 2073
Matt Low 534 200
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END
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