Pre-Close Trading Update
Computacenter plc, the IT infrastructure and services provider, is today holding presentations on its business for analysts and investors at its office in London. Mike Norris, Chief Executive, will comment on trading in the half year ended 30 June 2003 and the outlook for the Company. The following information will be released to conclude the meeting:
“We are confident that the Group’s strategic direction, which puts a clear focus on IT infrastructure services, will continue to deliver superior performance. Our Managed Services offering has demonstrated that customers can realise significant internal cost benefits in the longer term as a result of our expertise, coverage and scale.
Overall, the Group has delivered a good first half performance. IT capital expenditure remains weak in our major markets and this has adversely affected product sales in the first half of the year. However, this has been offset by the strength of our Professional and Managed Services activities, together with rigorous cost management across the Group. Recently we have been awarded a substantial outsourcing contract with Abbey, valued at more than £70 million over 5 years.
We are pleased with the integration of our German acquisition, GE CompuNet (now CC CompuNet). The restructuring programme, which incorporates the transfer of best practice from the UK, is going to plan.
After a modest pick-up in the market in the first quarter, trading has fallen back to more subdued levels. We anticipate little change to these conditions for the remainder of the year. Despite these market conditions, the Group continues to perform well and we expect to report a result for the six months ended 30 June 2003 ahead of market expectations.”
Computacenter will report its interim results on Tuesday 2 September 2003.
With the help of Computacenter and the rollout of a pioneering workforce management solution, NTL has improved the efficiency of its engineers, reduced overheads and improved customer service.
European legislation means that businesses need to take even greater care when disposing of redundant IT equipment.
Our
audio-visual division offers a highly focused and specialist requisition & management
service, that delivers the very best in AV presentation systems.
At Computacenter we can fulfil all of your consumables requirements. We manage small orders through to a large-scale, fully managed consumables service, with most orders delivered on a next-day service.