Computacenter expects to be in the money this year

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Computacenter has told the City that its  full-year results to be “comfortably in excess of previous expectations”.

Computacenter said it has gathered traction across all geographies of its supply chain business, but Germany, in particular, stands out.

“The six months of trading to 30 June 2018 shows considerable progress for Computacenter in adjusted profitability, and even further progress in adjusted earnings per share following the buyback completed in February 2018, against the same period last year.

“While there is still a significant amount to do in the second half of the year, Computacenter’s board believes that the group’s trading result for the 2018 financial year will now be comfortably in excess of its previous expectations set out in the Q1 trading update.”

In the Q1 update, Computacenter said that the UK business had seen revenue growth of 31 percent, driven by a one off £34 million deal in particular.