Computacenter issues trading update after strong summer
By Dan Moore
08:39, 31 August 2021
British multinational computer service provider Computacenter has published an unscheduled trading update after a better-than-expected performance in the period after the company’s last statement on 21 July.
The latest update has been issued as current market forecasts have remained below the Board of Computacenter’s expectations after two months of ‘robust’ trading across all areas of business.
Better than expected summer trading
In the statement, Computacenter points out that even though trading in the second half of this year is expected to below the corresponding period of 2020, which it has described as ‘exceptionally good’, the company is confident that fully year results for 2021 will be 10% ahead of current market expectations in terms of adjusted profit before tax.
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Share price rises
The value of Computacenter’s stock rose in response to the unscheduled update, increasing 3.14% early on Tuesday to £29.82, close to the 52-week high of £29.98.
In the statement Computacenter said: “Whilst visibility in our business is never perfect, given the momentum in the business, a substantial order backlog, the successful acquisitions and a strong forecast we will endeavour to beat last year's second half performance, not just match it.”
Computacenter confirmed it will release its next interim results on 9 September.
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