Business
Final Results 2024
Final Results 2024.
About this update from Computacenter Plc
[{"type":"text","content":"\n\nComputacenter plc\n2024 Full Year results\n \nComputacenter plc ('Computacenter' or the 'Group'), a leading independent technology and services provider, today announces audited results for the year ended 31 December 2024.\n\n\n\n\nFinancial highlights\n\n\n2024\n\n\n2023\n\n\nChange\n\n\nChange in constant currency1\n\n\n\n\nTechnology Sourcing gross invoiced income (£m)\n\n\n8,278.1\n\n\n8,444.9\n\n\n-2.0%\n\n\n0.1%\n\n\n\n\nServices revenue (£m)\n\n\n1,638.4\n\n\n1,636.5\n\n\n0.1%\n\n\n2.1%\n\n\n\n\nGross invoiced income1 (£m)\n\n\n9,916.5\n\n\n10,081.4\n\n\n-1.6%\n\n\n0.5%\n\n\n\n\nTechnology Sourcing revenue (£m)\n\n\n5,326.4\n\n\n5,286.3\n\n\n0.8%\n\n\n3.2%\n\n\n\n\nServices revenue (£m)\n\n\n1,638.4\n\n\n1,636.5\n\n\n0.1 %\n\n\n2.1%\n\n\n\n\nRevenue (£m)\n\n\n6,964.8\n\n\n6,922.8\n\n\n0.6%\n\n\n2.9%\n\n\n\n\nGross profit (£m)\n\n\n1,035.0\n\n\n1,044.0\n\n\n-0.9%\n\n\n1.2%\n\n\n\n\nGross margin (%)\n\n\n14.9%\n\n\n15.1%\n\n\n-22bps\n\n\n\n\n\n\n\nAdjusted1 operating profit (£m)\n\n\n246.7\n\n\n271.5\n\n\n-9.1%\n\n\n-6.8%\n\n\n\n\nAdjusted1 profit before tax (£m)\n\n\n254.0\n\n\n278.0\n\n\n-8.6%\n\n\n-6.3%\n\n\n\n\nAdjusted1 diluted earnings per share (p)\n\n\n159.9\n\n\n174.8\n\n\n-8.5%\n\n\n\n\n\n\n\nDividend per share (p)\n\n\n70.7\n\n\n70.0\n\n\n1.0%\n\n\n\n\n\n\n\nNet cash inflow from operating activities (£m)\n\n\n417.1\n\n\n410.6\n\n\n1.6%\n\n\n\n\n\n\n\nAdjusted1 net funds (£m)\n\n\n482.2\n\n\n459.0\n\n\n5.1%\n\n\n\n\n\n\n\nStatutory measures\n\n\n2024\n\n\n2023\n\n\nChange\n\n\n\n\n\n\n\nOperating profit (£m)\n\n\n237.9\n\n\n268.8\n\n\n-11.5%\n\n\n\n\n\n\n\nProfit before tax (£m)\n\n\n244.6\n\n\n272.1\n\n\n-10.1%\n\n\n\n\n\n\n\nDiluted earnings per share (p)\n\n\n152.9\n\n\n173.2\n\n\n-11.7%\n\n\n\n\n\n\n\nNet funds (£m)\n\n\n352.7\n\n\n343.6\n\n\n2.6%\n\n\n\n\n\n\n\n \n1Alternative performance measures (APMs) and other terms are used throughout this announcement. These are defined in full in the Appendix to this announcement.\n \nMike Norris, Chief Executive Officer, commented:\n \n\"Computacenter delivered a solid performance in 2024 as a whole in the context of a tough first half comparative and a more challenging IT market. Encouragingly, the second half was the most profitable in our history and was derived from our highest number of major customers. We executed well in North America, a...