REG - Computacenter - Pre-Close Trading Update – 22 January 2026

ComputacenterAnnouncement

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RNS Number : 8613P  Computacenter PLC  22 January 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596 / 2014 WHICH FORMS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). UPON THE PUBLICATION OF THIS
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DOMAIN.

Computacenter plc

Pre-Close Trading Update - 22 January 2026

FY 2025 Results ahead of expectations

Computacenter plc ("Computacenter" or the "Group"), a leading independent
technology and services provider, today publishes a trading update, based on
preliminary unaudited financial information, for the year ended 31 December
2025 ("the year").

Strong H2 delivers FY 2025 results ahead of expectations

Computacenter delivered a strong second half, with performance during the
fourth quarter and therefore the year as a whole, ahead of our expectations.
Revenue for FY 2025, on a gross invoiced income basis, increased by 32% in
constant currency and by 31% on a reported basis. In constant currency,
Technology Sourcing gross invoiced income was 38% ahead and Services revenue
increased by 3%. In Services for FY 2025, Professional Services delivered
strong revenue growth which was partly offset by a modest decline in Managed
Services revenue.

We are particularly pleased with our execution in North America, achieving
consistently strong growth throughout the year with both enterprise and
hyperscale customers. The UK delivered an improved performance during the year
and Germany enjoyed a stronger second half, following a softer first half, as
public sector activity recovered towards the end of the year, leading to a
similar full year result to the prior year in constant currency. As previously
highlighted, market conditions in France have been challenging and our
performance since the beginning of the second quarter has been disappointing.

For the full year in 2025, also taking into account our ongoing Group-wide
strategic investments and lower interest income receipts following the share
buyback, we now expect adjusted(1) profit before tax for 2025 to be no less
than £270m, comfortably ahead of market expectations(2).

Financial Position

The Group's adjusted net funds(3), excluding IFRS 16 lease liabilities,
finished the year extremely strong at around £600m benefiting from strong
collections and some material early customer payments. December is the peak
month in our annual cash cycle with net outflows expected to occur through to
the end of March 2026.

Acquisition of AgreeYa

In early January, we were pleased to announce the acquisition of AgreeYa
Solutions Inc., a professional services business focused on the US enterprise
market and the assets of the associated business, AgreeYa India, for an
enterprise value of up to $120m (USD) funded from existing cash resources.
AgreeYa is expected to report consolidated revenue (all professional services)
in 2025 of approximately $120m with Adjusted EBITDA of approximately $14m.
We continue to pursue targeted acquisition opportunities.

Group Outlook

Order intake during the second half has remained strong, especially in North
America, and we exited 2025 in a strong position with a committed product
order backlog across all geographies at the end of December which is
significantly ahead of both our position in December 2024 and at the end of
June 2025.

Looking to 2026 as a whole, while we remain mindful of the uncertain
macroeconomic and political environment, as well as the hardware component
shortages currently affecting the IT industry, we are confident in our ability
to navigate these challenges, and therefore we expect to make further
strategic and financial progress on an organic basis.

We will publish our final results for the year ended 31 December 2025 on
Thursday 12 March 2026.

Footnotes:

(1) Adjusted profit before tax is 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.

(2) Company compiled analyst consensus for FY 2025 adjusted profit before tax
is £253.6m with a range of £243.4m to £259.0m.

(3) Adjusted net funds or adjusted net debt includes cash and cash
equivalents, other short- or long-term borrowings and current asset
investments. Following the adoption of IFRS 16, this measure excludes all
lease liabilities.

Enquiries:

 Computacenter plc
 Mike Norris, CEO                      +44 (0) 1707 631 601
 Keith Mortimer, CFO                   +44 (0) 1707 639 888
 Christian Cowley, Investor Relations  +44 (0) 1707 631 132

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

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 21,000 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
finally published 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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