Computacenter Preliminary Results Announcement
12/03/03
Computacenter plc, the IT infrastructure services provider, today announces preliminary results for the twelve months ended 31 December 2002.
Financial Highlights:- Profit before tax* up 6% to £54.2 million (2001: £51.1 million), ahead of market expectations
- Profit before tax up 58% to £55.1 million (2001: £34.9 million)
- Turnover declined to £1.93 billion (2001: £2.09 billion)
- Strong closing net cash position of £83.4 million (2001: £53.3 million)
- Diluted earnings per share* of 19.3p (2001:17.9p)
- Final dividend doubled to 5.8p per share (2001: 2.9p)
* excluding non-operating exceptional items
Operational Highlights:
- Delivering on strategic thrust of building our services businesses: UK managed services revenue growth of 16% and professional services growth of 13%
- Acquisition of GE CompuNet in Germany and GECITS Austria to create leading positions in European markets
- Tight control of costs and staff utilisation levels.
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