Computacenter Interim Results Announcement 02/09/03

Computacenter plc, the IT infrastructure services provider, today announces interim results for the six months ended 30 June 2003.

Financial Highlights:

• Profit before tax up 31.2% to £32.0 million (2002: £24.4 million)
• Group revenues up 28.7% to £1,254.7 million (2002: £975.0 million)
• Excluding impact of acquisitions, Group revenues down 6.5 %
• Closing net cash position of £24.4 million
• Diluted earnings per share up 34.9% to 11.6p (2002: 8.6p)
• Inaugural interim dividend of 2.0p per share
  

Operational Highlights:

• Strong performance in services businesses; UK Managed Services revenue growth of 12.3%
• Encouraging pipeline for Managed Services and Microsoft XP deployments
• Strong profit performance achieved despite continuing weak markets for IT capital expenditure
• Good progress in integration and reorganisation of CC CompuNet in Germany
• Actions being taken to address weaknesses in Computacenter France
• Rigorous management of cost base and staff utilisation levels