REG - Computacenter - Q1 2023 Trading Update

ComputacenterAnnouncement

28/04/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230428:nRSb7368Xa&default-theme=true

RNS Number : 7368X  Computacenter PLC  28 April 2023

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

 

 

FOR IMMEDIATE RELEASE

Computacenter plc

Q1 Trading Update - 28 April 2023

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 2023 ("the quarter").

Overview

The strong revenue growth the Group experienced throughout 2022 continued
during the first quarter of 2023. In Europe, this was based broadly across
geographies and industry sectors. In North America, the overall performance of
the business was underpinned by demand from two customers. Overall, we are
pleased with the performance in the first quarter of the year.

While margins in our Services business continue to be challenging, we remain
satisfied with the profitability performance for the first quarter.

Group Outlook

The seasonal trends within our business returned to normal in 2022 and we
expect these to continue through 2023. As such, while much remains to be done,
we continue to believe that 2023 will be another year of progress with growth
in profitability expected in both the first half of 2023 as well as for the
year as a whole.

Our customers' demand remains strong despite economic headwinds. While this
can never be guaranteed to continue at the current pace, the requirements on
IT systems to remain current, supported, and secure are necessities that no
business can afford to ignore.

Our next scheduled trading update is the announcement of our Interim Results
on Friday 8 September 2023.

 Enquiries:
 Computacenter plc
 Mike Norris, Chief Executive    +44 (0) 1707 631 601
 Tony Conophy, Finance Director  +44 (0) 1707 631 515
 Tulchan Communications
 James Macey White / Matt Low    +44 (0) 2073 534 200

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTFDLFLXZLLBBE