Business
Half Year Pre-Close Update
Half Year Pre-Close Update.
About this update from Computacenter Plc
[{"type":"text","content":"\n \nRNS Number : 5485M Computacenter PLC 17 July 2014 \n \n\n \nComputacenter plc \nTrading Update - Overall trading ahead of last year and in line with expectations\n 17th July 2014\n \nComputacenter plc (\"Computacenter\" or the \"Group\"), the independent provider of IT infrastructure services that enables users is today providing an update on trading based on preliminary unaudited financial information for the six months ended 30 June 2014, in advance of the announcement of its interim results on Friday, 29 August 2014.\n \nGroup\nGroup revenue for the first half increased by 2% on an as reported basis and by 4% in constant currency. Group Services revenue increased by 3% on an as reported basis and by 5% in constant currency. Group Supply Chain revenue increased by 2% on an as reported basis and by 4% in constant currency.\n \nUK\nUK revenue grew by 14% in the first half of the year with Services revenue increasing by 8% and Supply Chain revenue increasing by 18%. We remain pleased with the continued strong performance in the UK business, particularly the Services growth. Whilst the Supply Chain revenue growth was not as strong in the second quarter as in the first, as expected, growth was still 9%. We have managed to secure a significant renewal of a major customer contract within our Contractual Services business in the second quarter and we are pleased to be at the exclusive stage, subject to contract, on a major new contract. We are also optimistic about our pipeline for the remainder of the year. \n \nGermany\nGerman revenue fell by 10% in constant currency during the first half, with a 2% increase in Services revenue and 16% reduction in Supply Chain revenue. Whilst we are disappointed with the Supply Chain revenue reduction, a significant percentage of the reduction relates to one low margin software licence of circa £25 million sold in the second quarter of 2013 and not repeated this year. \nMore significantly we are beginning to see some progress with our Services business in Germany. We are starting to deliver some new contract wins which is likely to increase the growth rate going forward. We are pleased with our Professional Services sales and our Services margin continues to improve. Our three onerous contracts contin...