Trading Statement
January 10 2002 - 2:00AM
UK Regulatory
RNS Number:7555P
Computacenter PLC
10 January 2002
Computacenter plc ('Computacenter')
Pre-Close Trading Statement
Ahead of entering its close period, Computacenter is today briefing analysts on
trading in the year ended 31 December 2001.
Conditions in the markets in which Computacenter operates have been somewhat
worse than were generally projected at the time of reporting our Interim Results
in August 2001 and Computacenter has not been immune from this. However,
Computacenter's strategic focus on strengthening its services activities has
improved resilience to a market downturn. This was evident in the second half of
2001, in which the Company achieved continued growth in Managed Services and
superior Professional Services utilisation rates. This performance served to
mitigate the decline in product supply revenue, which fell in the second half by
28% compared to the first half of 2001, in the UK.
The profit* for the year will be broadly in line with analysts' forecasts
(currently #52.0 million, source: TOPIC, 9 January 2002)
Whilst it is too early to predict the outcome for 2002, we do not expect the
market to improve materially in the short term. However, the increased services
mix of the business has improved Computacenter's ability to withstand these
difficult trading conditions. We are well placed to deliver profit* growth for
2002 over 2001.
The integration of GE Capital Information Technology Services ("GECITS") in the
UK continues according to plan and we have successfully completed the disposal
of the business of Computacenter Germany to GE on 1 December 2001.
Additionally, we have taken up our option to acquire the services business of
GECITS France which will complete in mid-February 2002.
We will be announcing our Preliminary Results on 13 March 2002.
* post-Biomni, pre-exceptionals
For further information, please contact:
Computacenter plc, Mike Norris, Chief Executive 01707 631 601
Tulchan Communications; Andrew Grant/Julie Foster 020 7353 4200
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