23rd Apr 2020 10:46
(Alliance News) - Computacenter PLC said Thursday that trading amid the Covid-19 pandemic has been more robust than expected, particularly in the first quarter of 2020.
In addition, Computacenter will no longer propose the payment of a final dividend for 2019 at its upcoming annual general meeting.
For the three months to the end of March, the computer services firm said revenue was down slightly compared to the same period the year before, however profitability remained in line.
Computacenter said that there was a marked difference in need between customers depending on which sector the business is in.
Around homeworking and network resilience, there was a surge in demand from customers, whereas the opposite effect was reported in the industrial sector, due to a large number of customers ceasing production.
Computacenter said as its engineers and consultants are no longer able to work, 10% of employees across Europe have been put on wage subsidy programme, using various government initiatives.
Looking ahead, Computacenter said it is confident in its short-term outlook, with pretax profit being in line with, or ahead of the GBP50.8 million reported in the first half of 2019. Although the second half of 2019 is more difficult to predict, its full-year expectations remain unchanged.
Computacenter will announce its interim results on September 9.
Shares in Computacenter were up 1.6% at 1,509.00 pence on Thursday in London.
By Dayo Laniyan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Computacenter