Portfolio

Computacenter looks forward to record FY despite lower interims

By Frank Prenesti

Date: Friday 23 Aug 2019

(Sharecast News) - Computacenter said it expected full year profit growth would be "the best in the company's history", despite a 2.3% fall in in reported interim pre-tax profits.
Pre-tax profit fell to £50.8m in the six months to June 30, while adjusted interim pre-tax profits rose 2.7% to £53.5m as the company booked charges on the acquisition of Firestorm.

Group revenues grew 20.8% or £418.1m to £2.43bn.

"The board expects that the full year 2019 profit growth, in monetary value, will be the best in the company's history," the company said on Friday.

"This performance will be predominantly achieved without the aid of acquisitions, however we expect to see a more significant contribution from our acquired business in the US during the second half," it added.

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