REG - Computacenter - Q3 2023 Trading Update

ComputacenterAnnouncement

30/10/2023 07:15

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RNS Number : 6197R  Computacenter PLC  30 October 2023

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

 

 

FOR IMMEDIATE RELEASE

Computacenter plc

Q3 Trading Update - 30 October 2023

Computacenter plc ('Computacenter', the 'Company' or the 'Group'), a leading
independent technology and services provider, today publishes a trading
update, based on unaudited financial information, for the third quarter to 30
September 2023 ('the quarter').

Overview

Our performance for the Group during Q3 was in line with our expectations. Q3
followed a broadly similar pattern to the first half with Germany and the US
performing strongly, while the UK remained difficult.

Following the exceptional growth achieved in the first half, as anticipated,
Technology Sourcing volumes normalised during the quarter as some of our high
revenue, low margin projects were completed. We remain encouraged by the sales
pipeline for Q4.

Services revenue continued to grow during the quarter and while inflationary
pressures persist, we continue to manage our margin recovery effectively.

We continue to make good progress with our targeted strategic investments to
enhance Computacenter's long-term competitive advantage.

Following a strong cash performance during the first half as industry supply
chains normalised, our inventory has reduced further and we have continued to
generate good levels of cash during Q3, further reinforcing our balance sheet
strength.

Group outlook

Notwithstanding that Q4 is our largest quarter and much remains to be done, we
continue to believe FY 2023 will be another of year of progress with growth in
profitability.

Looking further ahead, with our strength in Technology Sourcing, Professional
Services and Managed Services, and focus on retaining and maximising customer
relationships over the long term, we believe that we are well positioned to
compete and gain further market share.

Our next scheduled trading update is the announcement of our Pre-close Trading
Update on 24 January 2024.

Enquiries:

 Computacenter plc
 Mike Norris, CEO                      +44 (0) 1707 631 601
 Tony Conophy, CFO                     +44 (0) 1707 631 515
 Christian Cowley, Investor Relations  +44 (0) 1707 631 132

 Teneo
 James Macey White / Matt Low          +44 (0) 2073 534 200

 

Notes to editors:

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.

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