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Prices & Quotes - UK Markets - Computacenter (CCC)

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Share Price:
Down 2,696.00p
Change Today:
-60.00p
Market Cap:
3,307.67m
Sector:
Software & Computer Services

Computacenter H1 profit seen up 50% despite supply shortages, FX headwinds

By Michele Maatouk

Date: Wednesday 21 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Computacenter said on Wednesday that it expects adjusted pre-tax profit for the first half to be around 50% ahead of the same period a year ago despite supply shortages and FX headwinds.
In an update for the period to 30 June, the company said trading across all of its major geographies has been "robust", with a particularly strong performance at the end of the second quarter.

"This means that the group will deliver an adjusted profit before tax for the first half of 2021 circa 50% ahead of the same period last year," it said. "We have seen strong organic technology sourcing and services growth in the UK, Germany and the US."

Computacenter said profitability would have been "even further ahead", had it not been for substantial supply shortages in the industry caused by the shortage of key components, and the strengthening of the pound.

"We have seen particular strengths from our German operation compared to last year in Q2 due to the majority of our industrial clients now being fully operational. We have also been extremely pleased with the financial performance from our US operations, a large part of which was only acquired during Q4 2020," it said.

"The UK showed some progress in the first half even though it had by far the most challenging comparison in the group, following a very strong second quarter in 2020."

Computacenter said the integration of its newly-acquired French networking business is on track and there has been an uptick in performance from its subsidiaries in Belgium and the Netherlands.

"As we enter the second half of the year our services backlog and more particularly our product backlog, across all geographies, are at a record high which gives us a high degree of comfort," the group said.

"We do however remain concerned about product shortages within the industry and obviously further strengthening of the pound would create a stronger FX translation headwind, but we are not predicting either of these headwinds to get any worse."

At 0905 BST, the shares were up 4.3% at 2,566p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Computacenter Market Data

Currency UK Pounds
Price 2,696.00p
Change Today -60.00p
52 Week High 3,030.00p
52 Week Low 2,086.00p
Volume 167,828
Shares Issued 122.69m
Market Cap 3,307.67m

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
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Computacenter Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Sep-21 03-Jun-21
Paid 22-Oct-21 02-Jul-21
Amount 16.90p 38.40p

Trades for 21-Jan-2022

Time Volume / Share Price
16:36 6,500 @ 2,695.67p
16:35 28,183 @ 2,696.00p
16:29 47 @ 2,690.00p
16:29 1 @ 2,690.00p
16:29 12 @ 2,688.00p

Computacenter Key Personnel

CEO Michael J Norris