Hatfield-based reseller Computacenter while it is “extremely pleased” with its profit growth in the first quarter, a weak US dollar will pressure profits this year.
The outfit said there had been a “strong demand across the business” – especially for its professional services business in both the UK and Germany and strong revenue growth for its Technology Sourcing business in the UK.
Computacenter said its US operations and the recently acquired Pivot TS business have performed “ahead of expectations” and remain on track despite being “a lot of work to do”.
Another bugbear was the weakness of the US dollar puts unavoidable pressure on its US business and is expected to impact full year profit “by approximately £4 million” if it stays at its current level.
“Due to the strong organic profit performance, we expect 2021 to be a year of good progress in our reported profits”, the statement added.
“We are living through unpredictable times, and much work remains, but our good performance in the first quarter and our internal forecast for the rest of the year gives us a great deal of confidence in our likely outcome”, he outfit said.
