Computacenter said it had a lot to be happy about with a strong pipeline of managed services opportunities. The channel giant said that the 12 months ending 31 December had been ok overall the Group’s numbers will be in line with board expectations.
Group revenue was up by six percent for the year, service turnover improved by five percent and supply chain revenue was up by seven percent. Currency falls had been a real killer. Currency fluctuations with the pound and the dollar have been felt strongly in the UK, with some vendors increasing prices over the last few months and, not surprisingly, the numbers from Computacenter for the performance of this country were slightly down on last year.
UK revenue was down a percent, services dropped by eight percent with supply chain on the rise by three percent – some of that was as a result of a particularly strong Q4.
The outfit did much better in Germany with three percent growth and services up by seven percent and supply chain by one percent.
“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,” stated the firm in the update.
“We expect 2017 to be 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. While in the UK we are reliant on a small number of large opportunities, our Managed Services pipeline across the Group is strong,” the statement added.