SCC had had a rather good year with record turnover as services and data centre growth continues to lead the way and provide continuing stability.
Results for SCC EMEA show revenues reaching a record £2.3 billion and EBIT of £30.7 million – turnover growth of 5.5 percent and EBIT growth of 8.8 percent year-on-year despite performance being dampened by the global COVID-19 outbreak affecting the final month of FY20. The group achieved 11 percent growth in services across EMEA, driving SCC’s successive growth, with the product business also continuing to perform well.
In addition to all that it saw 11 percent services growth across EMEA and UK data centre operations up 17 per cent.
According to the company, it was the group’s services growth which was key to its ‘Leading with Services’ strategy flowing through into SCC EMEA’s record operating profit of £30.7 million, also driven by the improved performance of SCC’s French services business.
In the UK, performance was again strong despite only a marginal increase in turnover – up 0.2 percent to £723.4 million – with growth in operating profit of five percent now at £15.4 million. SCC UK grew its services business by nine percent in the year, with data centre services turnover up 17 percent and annuity services in total growing again, by nine percent
No acquisitions were made in the financial year ended 31 March 2020, with investments made in the previous financial year becoming fully integrated into SCC over the past 12 months. Specialist AV services provider SCC AVS was integrated into the UK operations to better bring its services to the full range of SCC customers in the UK.
In FY20, SCC enhanced its facilities in Iasi, Romania, moving to new modern offices designed to continue to attract and retain the best talent and our service levels are regularly recognised by important industry awards. In Vietnam the operation established in 2017 has expanded rapidly providing technical and data centre infrastructure support expertise.
James Rigby, SCC EMEA CEO, said: “Understanding our customers’ needs continued as the cornerstone of our success and never before has this been so important. We are helping customers adapt to the current health and economic challenges, quickly deploying solutions to support workplace productivity and remote working.
“Investment in people and in technology remains essential to a healthy future and we have continued to invest for the long-term over the past year. Innovation in services is also important to our future and we continue to ensure we understand customers’ needs so we remain relevant to both vendors and customers. In response to recent events, new solutions in thermographic technology and document management solutions have supported customers alongside our specialisms in connectivity and remote working solutions.
“Our history is of adapting to change and we have successfully weathered economic headwinds in the past, leveraging our innovative spirit, and our strong relationships with customers and vendors. Our financial plans are in place, our financial position is secure, and we are well prepared for the coming year.”
