UK arm lags Computacenter's growth regions

In a trading update on the year ended 31st December 2019 Computacenter reported revenue up by 16%. Excluding the effect of recent acquisitions, particularly the US and the Netherlands businesses purchased in 2018, organic revenue grew 3%. However, UK revenue was 'broadly flat'. 

“Last year was one of the most successful years in Computacenter's history,” the company said. “Not only have we recorded our best ever revenue, profit, earnings per share and cash generation from ongoing operations, but we have increased our profitability by the largest absolute amount ever.”

In Germany, the firm saw 'continued good growth' aided by the performance of both existing and new public sector customers.

France witnessed 'strong growth' from large customers and increased sales capacity boosted the customer base. 

The Netherlands is also said to be in a better position to make bigger gains, as the acquired operations were fully integrated into the group's ERP system and management structures from 1 November 2019.

In the US, while the financial performance in the first half of 2019 was 'somewhat disappointing', the operation 'recovered strongly in the second half'.

The final results for the year will be published on Thursday 12 March 2020.

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