23rd Jan 2017 07:49
LONDON (Alliance News) - FTSE 250-listed Computacenter PLC on Monday said it expects to reported adjusted pretax results in line with its expectations for 2016, with revenue up 6%, helped by the weak pound.
At constant currency, group revenue was flat, the IT infrastructure provider said.
In the UK revenue fell 1%, with a 3% rise in Supply Chain revenue offsetting an 8% decline in Services revenue.
In Germany revenue rose 3%, with Services revenue up 7% and Supply Chain revenue up 1%, whilst in France revenue fell 10%, as Services fell 3% and Supply Chain by 11%.
Computacenter said it had net funds of GBP144.5 million at the end of 2016, up GBP23.8 million from the previous year.
"We are encouraged by our performance in 2016 in Germany and pleased with the progress we have made in France. In the UK, the second-half performance has been in line with our revised expectations, set at half year after a disappointing first half performance," Computacenter said.
Looking to 2017, Computacenter said it expected "another year of progress for the group as we continue our momentum in Germany, maintain our position in France and marginally improve on our 2016 performance in the UK."
It noted that whilst it was "reliant on a small number of large opportunities" in the UK, its "Managed Services pipeline across the group is strong".
Computacenter will report its full 2016 results on March 13.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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