24th Jan 2022 09:27
(Alliance News) - Computacenter PLC on Monday said it expects to report a rise in profit for 2021, driven by revenue growth, including the strongest performance from the group's Services division in the last 20 years.
For the year, the Hatfield, Hertfordshire-based IT services provider said it expects to post an adjusted pretax profit slightly in excess of GBP250 million, reflecting at least a 25% rise from GBP200.5 million reported in 2020.
The FTSE 250-listed firm also noted that 2021 would be its 17th consecutive year for a rise in earnings per share from 133 pence the year before, in spite of headwinds from a strong pound and product supply shortages.
Revenue for 2021 is set to increase 23% year-on-year from GBP5.44 billion the prior year, and grow 27% on a constant currency basis. Computacenter said it experienced the highest growth in Services revenue for the last 20 years, in addition to strong sales in Technology Sourcing.
Looking, ahead, Computacenter said its product order backlog stands at an all-time high, and is larger than a year prior, due to product supply constraints, meaning that customers are ordering earlier, and a stronger market.
"While as always there is much to do, we enter 2022 growing in multiple geographies, across product and services, which means we feel the business is well placed for another year of progress," the company stated.
Computacenter will publish its annual results on March 16.
Shares in Computacenter were up 0.2% at 2,702.00 pence on Monday in London.
By Dayo Laniyan; [email protected]
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