It is starting to look that if you had money in Computacenter, you would be laughing all the way to the bank this year as there are good signs that the company is going to do better than anyone expected.
The outfit has put out a few hints over the last few weeks and the third quarter numbers were pretty good – there was also some spare cash to set up shop in Dublin to serve the Irish market. Third quarter numbers showed that there had been revenue growth of eight percent in the UK business as customers started to spend. While the figures showed the UK was still growing slightly slower than the group’s international units, but third-quarter sales of £335 million, up from £310 million a year ago, improved its year-to-date position to grow six percent.
This is in sharp contrast to last year which was rather unpleasant for the channel player.
The latest note from Computacenter has arrived the form of a trading update which says:
“Following a strong start to the fourth quarter and the visibility of a growing pipeline for the rest of 2017, Computacenter’s Board believes that the Group’s trading result for the 2017 financial year will now be comfortably more than its previous expectations,” the firm stated in a trading update.”
Shareholders should be happy that they will see a one-off return in Q4 of £100 million. The full-year results are due out towards the end of January, where the firm will provide more details.