Preliminary Results Announcement
14th March, 2006. Computacenter plc, the European IT infrastructure services provider, today announces preliminary results for the twelve months ended 31 December 2005.

Financial Highlights:
		Group revenues of £2.29 billion (2004: £2.41 billion)
		Profit before tax of £34.0 million (2004: £67.9 million)
		£27.0 million of the profit decline attributable to lower vendor rebates in the UK
		Second half profit of £25.8 million (H1 2005 £8.2 million)
		Earnings per share of 10.9p (2004: 25.9p)
		Proposed final dividend of 5.0p per share, total dividend of 7.5p (2004: 7.5p)
		Strong operating cash flow and balance sheet with net funds of £100.4 million at year-end (2004: £41.0 million after the adoption of IAS 32 and 39)
		Proposed return of £75 million to shareholders in Q2 2006

* continuing operations

Operational Highlights:
		Major strategic repositioning programme underway in the UK business
		UK annual services contract base growth of 4.6%
		Encouraging growth in German services activities
		Improved French performance in the second half, although significant challenges remain

Ron Sandler, Chairman of Computacenter plc, commented:

“There is no denying that 2005 was a difficult year for Computacenter, and that the financial performance of the Group was disappointing. But the year was not without its positive features. Significant steps were taken in the UK to create an organisation that is considerably better equipped to respond to the challenges posed by the continuing commoditisation of IT. The long-running dispute in Germany with GE was brought to a satisfactory resolution. And across the Group, trading improved as the year progressed, and was particularly strong at the year-end.

“Trading activity in the first two months of 2006 has been below the comparable period in 2005. However, in recent years, our sales have become increasingly weighted towards the end of each quarter, such that trading in the early weeks of the quarter now provides a less reliable indicator of performance for the period as a whole.

“Whilst much remains to be done to improve Computacenter’s profitability, there is a sense of optimism within the company that we are getting back on the right track.”

full press release