Computacenter (CCC)

 

Computacenter ahead of forecasts

Computacenter said it expected results this year to be ahead of current market forecasts due to buoyant market conditions for new investments in technology particularly in its German business, backed up by steady progress in France and UK and favourable currency movements.

Group revenue for the first quarter increased by 16% on an as reported basis and by 9% in constant currency.

Group services revenue increased by 14% on an as reported basis and by 7% in constant currency.

Group supply chain revenue increased by 17% on an as reported basis and by 11% in constant currency.

UK revenue reduced by 1% for the first quarter with Services revenue increasing by four per cent and Supply Chain revenue decreasing by four per cent.

German revenue increased by 23% for the first quarter with services revenue increasing by 8% and supply chain revenue increasing by 31%, all in constant currency.

In France, revenue increased by 6% for the first quarter with an increase of 22% in services revenue and 2% in supply chain revenue, all in constant currency.

At 9:13am: (LON:CCC) Computacenter PLC share price was +53p at 786.5p