Preliminary Results Announcement - Twelve months ended 31 December 2001

Computacenter plc, the specialist provider of IT infrastructure services, today announces preliminary results for the twelve months ended 31 December 2001.

Financial Highlights:

• Overall performance in line with market expectations, with profit before tax of £51.1 million* (2000: £55.6 million)
• Sales of £2.09 billion, up 5.3% (2000: £ 1.99 billion)
• Diluted earnings per share of 17.9p (2000: 20.8p) excluding non-operating exceptional items
• Unchanged dividend payment of 2.9p per share
• Strong, ungeared balance sheet, with net cash of £53.3 million (2000: £13.4 million)

Operational Highlights:

• UK managed services revenue growth of 18.0%, reflecting strategic emphasis on services
• Withdrawal from non-core, loss-making operations (iGroup and Germany)
• Acquisition of GECITS businesses in UK and France
• Strong performance in France
• Completion of migration to new Hatfield logistics facility

*pre-exceptionals, post Biomni

Ron Sandler, Chairman of Computacenter plc, commented:

"In the context of difficult trading conditions we regard this as a creditable performance. During the year we maintained tight control over costs and took appropriate steps to eliminate areas of unnecessary expenditure. The benefits of our strategy to expand Computacenter's services activities were evident in 2001, and served to mitigate the decline in product revenue during the second half of the year.

Whilst we remain cautious about the trading outlook for 2002 for as long as present market conditions persist, we have a robust, cash generative business, with an increasing proportion of our income arising from the provision of services."