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Interim Results Announcement
12th September, 2006. Computacenter plc, the European
IT infrastructure services provider, today announces
interim results for the six months ended 30 June 2006.
| Financial Highlights: |
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Group revenues of £1.11 billion
(2005: £1.15 billion) |
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Profit before tax of £14.5 million (2005:
£8.2 million) |
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Earnings per share of 4.3p (2005: 1.2p) |
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Interim dividend of 2.5p per share (2005: 2.5p) |
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Strong balance sheet with net funds
of £90.6 million at period end |
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Return of £74.4 million to shareholders
completed in July 2006 |
| Operational Highlights: |
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Encouraging performance of UK Technology
Solutions, our consulting and systems integration
business, with a number of significant projects
undertaken |
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Recently established Computacenter Direct, our
telesales mid-market provider, continued to grow
aggressively |
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Good progress in embedding our shared services
delivery model into our customer propositions |
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Newly formed software business unit delivered
strong growth in revenues |
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German business returned to profit
and successfully secured several new Managed Services
contracts |
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Improved French performance, although
product margin pressures intensified |
Ron Sandler, Chairman of Computacenter plc, commented:
“The improvement in Computacenter’s profitability
is encouraging. I have reported in the past on the market
challenges faced in recent years by Computacenter, and
on the significant efforts underway to improve our competitiveness
and focus our resources on higher margin activities.
Whilst the various transformation programmes are essentially
long-term in nature and it is far too early to comment
definitively on their success, we are increasingly confident
that we are on the right track as today’s results
demonstrate.
“Looking ahead, we anticipate that the improvements
we are seeing in the Group’s market positioning
and performance will continue as the year progresses.
The outlook for the full year remains in line with expectations.”
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