REG - Computacenter - Q1 Trading Update

ComputacenterAnnouncement

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RNS Number : 9362G  Computacenter PLC  01 May 2025

Computacenter plc

Q1 Trading Update - 1 May 2025

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 first quarter to 31
March 2025 ('the quarter').

Overview

We delivered a good performance for the Group during the first quarter, which
was ahead of the prior year and in line with our expectations. Group
Technology Sourcing revenue increased strongly against a relatively soft
comparison, largely driven by North America. Group Services revenue was also
ahead of last year reflecting good growth in Professional Services and a
slight decline in Managed Services revenue.

By region, North America continued its momentum and delivered a strong
performance reflecting the increased product order backlog position at the end
of 2024. The UK achieved good growth in Technology Sourcing and excellent
growth in Professional Services. In Germany, given the anticipated temporary
reduction in public sector activity following recent elections, the business
performed solidly.

Group outlook

At the end of the quarter our committed product order backlog across all
regions remained healthy, comfortably exceeding the prior year equivalent
position.

With global political and macroeconomic uncertainty increasing in recent weeks
the potential impacts on customer demand are difficult to predict. We do not,
however, have any direct exposure to tariffs as we meet local demand with
local supply within our markets across the Group.

While we are mindful of the more uncertain backdrop, after an encouraging
start to the year, we continue to believe we are well positioned to make
progress for the year as a whole in constant currency(1) and to gain market
share.

Our strength in Technology Sourcing, Professional Services and Managed
Services, combined with our global reach and our strong balance sheet, mean we
remain agile and well placed to help our customers continue to realise the
transformative benefits of IT.

Our next scheduled trading update is the announcement of our Half Year Results
on 9 September 2025.

Footnotes:

(1) Foreign exchange rates for 2024 Income Statement: GBP/USD $1.278; GBP/EUR
€1.181

Enquiries:

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

 Teneo
 James Macey White / Matt Low          +44 (0) 207 353 4200

 

Notes:

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 plc is a public company quoted on the London Stock
Exchange (CCC.L) and a member of FTSE 250. Computacenter employs over 20,000
people worldwide.

 

 

DISCLAIMER - FORWARD LOOKING STATEMENTS

 

This announcement 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 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 announcement 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 announcement. In addition, even
if the results of operations and the development of the markets and the
industry in which the Group operates are consistent with the forward-looking
statements contained in this announcement, 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 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 announcement and
may, and often do, differ materially from actual results. Any forward-looking
statements in this announcement 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 unless
otherwise required by applicable law or regulation.

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