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Computacenter plc - Press Release
Computacenter

About Computacenter:
Computacenter is Europe’s leading multi-vendor IT infrastructure services provider. To us, customer proximity means understanding business requirements and reacting to these in a precise manner. On this basis, we develop, implement and operate tailor-made IT solutions for our customers. We evaluate the benefits of new technologies and swiftly and professionally integrate these into existing IT environments. Our financial strength and market presence offer customers and partners long-term stability and security.

We reach our customers through an extensive network of sites throughout Germany, the UK, France and Benelux as well as international partners in Europe, Asia and North America. In 2007, Computacenter turned over around € 3.5 billion with approx. 10,000 employees.

Interim Results Announcement

Computacenter plc, the European IT infrastructure services provider, today announces interim results for the six months ended 30 June 2008.

Financial Highlights:
  Group revenues increased 7.8% to £1.25 billion (2007: £1.16 billion)
  Profit before tax declined 14.2% to £11.0 million (2007: £12.8 million)
  Diluted earnings per share increased 10.6% to 5.2p (2007: 4.7p), due to the impact of share repurchases and a reduced tax rate
  Interim dividend increased [8.0%] to [2.7]p per share (2007: 2.5p)
  Net debt before customer-specific financing (‘CSF’) of £29.7 million (2007: £16.5 million)
  Net debt after CSF of £95.9 million (2007: £53.4 million)


Operating Highlights:
  Positive Q2 followed a weak first six weeks of the year in UK and France
  Strongest UK organic revenue growth for a number of years led by Software, Technology Solutions and sales to the medium-sized business sector
  Further operating loss reduction in France, driven by good services growth and increased product margins
  Continued improvement in German performance, driven partly by progress in our shift towards higher-margin services

Mike Norris, Chief Executive of Computacenter plc, commented:

“After a challenging start to the year we are encouraged by the sales performance we recorded in the first half which is a continuation of the upward trend re-established in 2007.

“Although uncertainty remains in the marketplace there is a continuing need for customers to invest in information technology to improve their competitiveness. The investments we have been making to improve our services capabilities and the cost effectiveness of our sales operations position us well in a more difficult economic climate.

“While much remains to be done, management is confident of achieving its current expectations assuming no material deterioration in market conditions.”

 
  full press release
 
Computacenter plc
  Mike Norris, Chief Executive
Tel.: +44 (0) 17 07/631 601
Tessa Freeman, Investor Relations
Tel.: +44 (0) 17 07/631 514
www.computacenter.com

Computacenter’s half-yearly financial report is available to view and download here.

High resolution images are available for the media to view and download free of charge from www.computacenter.com/press
 
Tulchan Communications
  Stephen Malthouse
Tel.: +44 (0) 20/7353 4200
Lizzie Morgan
www.tulchangroup.com
 
Computacenter is Europe´s leading independent provider of IT infrastructure services