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| Computacenter plc - Press Release |
| Preliminary results announcement
11th March, 2008. Computacenter plc, the European IT infrastructure services provider, today announces preliminary results for the twelve months ended 31 December 2007.
FINANCIAL HIGHLIGHTS |
| Financial performance |
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Group revenues up 4.8% to £2.38 billion (2006: £2.27 billion) |
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Adjusted* profit before tax up 12.3% to £42.7 million (2006: £38.0 million) |
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Adjusted* diluted earnings per share up 34.1% to 18.5p (2006: 13.8p) |
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Final dividend of 5.5p per share, total dividend 8.0p (2006: 7.5p) |
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Net borrowings before customer-specific financing of £16.2 million (2006: net funds of £29.4 million) |
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| Statutory performance |
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Profit before tax up 27.7% to £42.1 million (2006: £32.9 million) |
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Diluted earnings per share up 67.0% to 18.2p (2006: 10.9p) |
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Net borrowings of £79.8 million (2006: net funds of £10.8 million) |
| OPERATING HIGHLIGHTS |
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First Group revenue growth since 2003 |
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UK business enters 2008 with a record contract base and a strong pipeline of new business across market sectors |
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Best ever performance from Computacenter Germany since acquisition with growth across both product and services |
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Significant progress achieved in France driven by key management initiatives |
Mike Norris, Chief Executive of Computacenter plc, commented:
“Computacenter made encouraging progress across the Group in 2007. The strong performance in the UK in the second half of the year and the gains made throughout the course of 2007 in Germany and France, allow us to look to the future with confidence.
“We have for some years been pursuing a strategy of strengthening our services capabilities, restructuring the cost base of our product supply business, increasing our mid-market penetration, and upgrading our sales capabilities. We believe that we have made, and are continuing to make, strong progress in all of these areas.”
* Adjusted for exceptional items and amortisation of acquired intangibles.
full
press release
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Mike Norris, Chief Executive
Tel.: +44 (0) 17 07/631 601
Tessa Freeman, Investor Relations
Tel.: +44 (0) 17 07/631 514
www.computacenter.com
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