Trading Update – 28 July 2025
Computacenter plc
Trading Update - 28 July 2025
Computacenter plc ("Computacenter" or the "Group"), a leading independent technology and services provider, today provides a trading update for the half year ended 30 June 2025 ("the half"), based on preliminary unaudited financial information.
Trading update
For the half we delivered strong revenue growth largely driven by growth in high-volume Technology Sourcing business, resulting in good growth in gross profit. This reflected an excellent performance in North America and further growth in the UK. However, we experienced softer trading in Germany and France during the second quarter driven by temporary lower levels of public sector activity following political changes, with the performance in France significantly weaker than last year. During the half we also increased investment in Group-wide initiatives as we continue to upgrade our systems. As a result, we now expect H1 2025 adjusted1 operating profit to be slightly ahead of last year (H1 2024: £81.1m) including a c.£2m adverse currency translation impact.
Following the completion of the share buyback programme in the second half of 2024, net interest income is expected to be over £6m lower than H1 2024, whilst earnings per share is enhanced. We retain a strong balance sheet with adjusted net funds of c.£278m at 30 June 2025.
Looking ahead, we are encouraged by our committed product order backlog at 30 June 2025 which remains healthy across all geographies meaning we are well positioned for the second half. We have started July strongly with certain large orders in North America and the UK which were expected to complete during the first half, moving into Q3.
While the broader geopolitical and macro uncertainty is expected to persist, we anticipate some recovery in public sector activity in Germany in the second half while France is expected to remain challenging. Overall, we continue to expect full year adjusted1 operating profit in FY 2025 to be ahead of the prior year including an adverse c.£4m currency translation impact with adjusted1 profit before tax expected to be at a similar level to the prior year due to the anticipated reduction in net finance income following the share buyback.
We will publish our half year results for the six months to 30 June 2025 on 9 September 2025.
Footnotes:
1 Adjusted operating profit and adjusted profit before tax are stated before exceptional and other adjusting items, including gains or losses on business acquisitions and disposals and amortisation of acquired intangibles as Management does not consider these items when reviewing the underlying performance of the Segment or the Group as a whole.
Enquiries:
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Computacenter plc |
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Mike Norris, CEO |
+44 (0) 1707 631 601 |
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Christian Cowley, Investor Relations |
+44 (0) 1707 631 132 |
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Teneo |
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James Macey White / Matt Low |
+44 (0) 207 353 4200 |
About Computacenter:
Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations. We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business. Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.
More information can be found at www.computacenter.com
DISCLAIMER - FORWARD LOOKING STATEMENTS
This trading update includes statements that are, or may be deemed to be, 'forward-looking statements'. These forward-looking statements can be identified by the use of forward-looking terminology, including without limitation the terms 'anticipates', 'believes', 'estimates', 'expects', 'intends', 'may', 'plans', 'projects', 'should' or 'Will', or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this trading update and include, but are not limited to, statements regarding the Group's intentions, beliefs or current expectations concerning, amongst other things, results of operations, prospects, growth, strategies and expectations of its respective businesses.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. Forward-looking statements are not guarantees of future performance and the actual results of the Group's operations and the development of the markets and the industry in which they operate or are likely to operate and their respective operations may differ materially from those described in, or suggested by, the forward-looking statements contained in this trading update. In addition, even if the results of operations and the development of the markets and the industry in which the Group operates either as set out in Computacenter plc's 2024 Annual Report and Accounts or generally are consistent with the forward-looking statements contained in this trading update, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, those risks subsequently set out in the risk factor section of the Computacenter plc 2024 Annual Report and Accounts, as well as general economic and business conditions, industry trends, competition, changes in regulation, currency fluctuations or advancements in research and development.
Forward-looking statements speak only as of the date of this trading update and may, and often do, differ materially from actual results. Any forward-looking statements in this trading update reflect the Group's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Group's operations, results of operations and growth strategy.
Neither Computacenter plc nor any of its subsidiaries undertakes any obligation to update the forward-looking statements to reflect actual results or any change in events, conditions or assumptions or other factors save where and to the extent otherwise required by applicable law or regulation.
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