Business
H1 2019 Trading Statement
H1 2019 Trading Statement.
About this update from Computacenter Plc
[{"type":"text","content":"\n \nRNS Number : 2791H Computacenter PLC 31 July 2019 \n\nComputacenter plc\nIncorporated in England\nRegistration number: 03110569\nLEI: 549300XSXUZ1I19DB105\nISIN: GB00BV9FP302\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No. 596/2014.\n \nFOR IMMEDIATE RELEASE\nComputacenter plc\nTrading Update - 31st July 2019\nComputacenter plc (\"Computacenter\" or the \"Group\"), a leading independent technology partner trusted by large corporate and public sector organisations, today publishes a trading update, based on unaudited financial information, for the period to 30 June 2019.\nFollowing a strong start to the year, as indicated in our Q1 2019 Trading Update on 26 April 2019, the Group has seen continued momentum within the Technology Sourcing business throughout the second quarter of 2019, which has resulted in the Group's adjusted profit before tax being marginally ahead of the first half of last year, which, as noted previously, was a challenging comparison.\nThe strong 2019 performance is coming from Computacenter's established businesses. In fact, the acquired business in the US has underperformed our expectations to date. Although it remains profitable and the recent US performance has been encouraging, it has been immaterial to the Group and more than compensated by the strong organic performance from the rest of Computacenter.\nThe negative impact in 2018 due to contract provisions was substantially incurred in the second half of that year, which makes the comparative in the second half of 2019 significantly easier to achieve if this is not repeated. The Group considers that, based on the current information, the provisions on certain contracts will reduce significantly in the second half of 2019 and this forms part of a recent encouraging reforecast of the second half of the year reviewed by the Board.\nConsequently, Computacenter's Board believe that the Group's trading result for the financial year 2019 will be materially ahead of current market1 expectations in both profitability and earnings per share. \nComputacenter's Board acknowledge, as is the case every year, that there is still a significant amount to do in the second half of the year and we look forward to giving more detail at the announcement of the Group's Interim Results ...