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REG - Computacenter - Q1 2022 Trading Update

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RNS Number : 7819J  Computacenter PLC  29 April 2022

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

 

 

FOR IMMEDIATE RELEASE

Computacenter plc

Q1 Trading Update - 29 April 2022

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 2022 ("the quarter").

Overview

As we expected, the Group has seen strong top line growth in the first quarter
of 2022 with growth in adjusted profit before tax at a more modest level, due
to one very large volume customer that has diluted our overall margin.
Additionally, the substantial removal of lock down measures in the geographies
in which we operate, has meant a return to a more normal, and more
sustainable, post-COVID-19 cost base.

As we announced at the time of our final results, the first half of 2021
creates a more challenging comparison than the year as a whole, so to be ahead
of 2021 in profit terms after the first quarter is pleasing.

Group Outlook

Adjusted profit before tax at the end of H1 2022 is likely to be behind that
in 2021, but we will still be operating in line with the historical
seasonality of our business which gives us the confidence for the full year
even though much work remains to be done. We remain confident that FY 2022
will be a year of further progress, and we remain on track for the year as a
whole.

There are clearly many challenges in the world and we, like most companies,
are affected by wage inflation and supply chain shortages, but these offer us
opportunities to differentiate from our competition with superior execution.
The momentum Computacenter has built over many years and the strength of our
balance sheet gives us confidence for the future.

Our next scheduled trading update is the announcement of our Interim Results
on Friday 9 September 2022.

 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

 

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