Computacenter PLC Q1 2019 Trading Update (1619X)
April 26 2019 - 2:00AM
UK Regulatory
TIDMCCC
RNS Number : 1619X
Computacenter PLC
26 April 2019
Computacenter plc
Incorporated in England
Registration number: 03110569
LEI: 549300XSXUZ1I19DB105
ISIN: GB00BV9FP302
FOR IMMEDIATE RELEASE
Computacenter plc
Q1 Trading Update - 26 April 2019
Computacenter plc ("Computacenter" or the "Group"), a leading
independent technology partner trusted by large corporate and
public sector organisations, is today providing an update on
trading, based on unaudited financial information, for the first
quarter to 31 March 2019 ("the quarter").
Overview
Trading across the Group in the quarter has been pleasing. At
the Group level, both revenue and profitability are ahead of our
2018 Q1 performance on a like for like basis before the positive
impact of acquisitions. This is above our original expectation as
the first half of the year presents us with a challenging
comparison.
Financial Performance
In the UK we saw revenue growth despite the large one-off
software licence deal in the first quarter of 2018. As indicated at
the time of our final results, one of our largest customers in
Germany slowed their cloud infrastructure demand substantially,
however, our business with other German customers more than
compensated for this. In France, we experienced one of our best
quarters ever. Our smaller European countries also experienced
positive momentum. Our US business saw growth in revenue when
compared to the first quarter of 2018 (prior to the acquisition of
FusionStorm in October 2018). Our integration plan for the acquired
business is on track.
Group Outlook
Slightly more challenging economic conditions throughout our
major markets do not seem to be deterring our customers from
investing in technology as they seek to enhance the competitiveness
of their businesses.
While it is early in the year and much work remains to be done,
the Board's confidence in the year's performance has increased
after the first quarter and we remain firmly on track to deliver on
our expectations for the year as a whole.
Enquiries:
Computacenter plc
Mike Norris, Chief
Executive 01707 631601
Tony Conophy, Finance
Director 01707 631515
Tulchan Communications
James Macey White / 020 7353
Matt Low 4200
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END
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