Computacenter smashes £4bn revenue barrier 

A 14.7% sales hike propelled Computacenter's annual revenues to a record £4.35bn in its full year to 31st December 2018.

Adjusted pre-tax profit was up 11.3% to £118m, reflecting the US FusionStorm acquisition in September 2018 which contributed £3m of adjusted operating profit to the group in the last three months of 2018

Overall services revenues hit £1.175bn, a 1.5% rise, while lower margin supply chain sales jumped 20.5% to £3.177bn.

The Germany operation delivered another record performance, said the firm, with revenue growth of 8.3% leading to a 14.5% increase in adjusted operating profits.

The UK saw sales growth of 9.7%, leading to an increase in adjusted operating profits of 12%. 

Adjusted operating profits in France rose 27% on a constant currency basis due to strong technology sourcing margins. But in France, revenues were down 4.1% due to the loss of a low margin managed services contract, said the company.

CEO Mike Norris (pictured) said: “2018 was a record year in revenue, adjusted operating profits and adjusted diluted earnings per share for the group. We have also laid foundations for further growth in the years ahead.

“We have invested in the physical infrastructure that enables our technology sourcing, increased our services capability and expanded our geographical footprint through acquisitions.

“While the technology sourcing success of last year creates a difficult comparison in 2019, particularly in the first half, lower services margins in 2018 give us a significant opportunity to improve. We also expect a profit contribution from our acquired business in the US.”

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