Computacenter (CCC)

Sector:

IT Services

Index:

FTSE 250

2,696.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 2,944.00p
  • 52 Week Low: 2,026.00p
  • Currency: UK Pounds
  • Shares Issued: 122.69m
  • Volume: 99,376
  • Market Cap: £3,307.67m
  • RiskGrade: 119

Computacenter warns over chip shortages as interim profits rise

By Michele Maatouk

Date: Thursday 09 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Computacenter reported a jump in interim profit on Thursday but cautioned that shortages of electric components are set to last until "well into" 2022.
In the six months to 30 June, adjusted pre-tax profit rose 59.4% to £118.9m on revenue of £3.18bn, up 29.2%. Computacenter said industrial customers had made significant increases in expenditure, and this has been complemented by continuing business within the public and financial services sectors.

The company said trading across all of its major geographies apart from France was "pleasing", with significant strength at the end of the second quarter and June the most profitable month in its history.

"The group has seen increasing levels of business returning from key industrial customers, some of which were largely suppressed during 2020," it said. "This is coupled with ongoing public sector spend and has created significant organic revenue growth for the group."

Chief executive Mike Norris said: "The vast majority of our customers have returned to business as normal and, other than the reduction to our cost base due to the inability to travel and a continued improvement in the utilisation of our technical resources, Covid-19 is now having very little impact on our business.

"However, the ongoing supply shortages in the industry has risen to the top of our challenges. The effects on our business are difficult to fully quantify. While there has been, and will continue to be, pressure on our revenues, our position in the market as one of the larger players in most of the geographies in which we operate has enabled us to gain market share. While we look forward to the supply chain issues being behind us, we are not expecting this until well into 2022 but, as you can see by the performance in the first half, we are rising to this challenge."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Computacenter Market Data

Currency UK Pounds
Share Price 2,696.00p
Change Today 2.00p
% Change 0.07 %
52 Week High 2,944.00p
52 Week Low 2,026.00p
Volume 99,376
Shares Issued 122.69m
Market Cap £3,307.67m
RiskGrade 119

Computacenter Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.24% below the market average93.24% below the market average93.24% below the market average93.24% below the market average93.24% below the market average
21.43% below the sector average21.43% below the sector average21.43% below the sector average21.43% below the sector average21.43% below the sector average
Price Trend
55.31% above the market average55.31% above the market average55.31% above the market average55.31% above the market average55.31% above the market average
38.30% above the sector average38.30% above the sector average38.30% above the sector average38.30% above the sector average38.30% above the sector average
Income
11.36% below the market average11.36% below the market average11.36% below the market average11.36% below the market average11.36% below the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Growth
38.72% below the market average38.72% below the market average38.72% below the market average38.72% below the market average38.72% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

What The Brokers Say

Strong Buy 3
Buy 7
Neutral 2
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Computacenter Dividends

  Latest Previous
  Final Interim
Ex-Div 06-Jun-24 28-Sep-23
Paid 05-Jul-24 27-Oct-23
Amount 47.40p 22.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 50,555 @ 2,696.00p
16:35 45 @ 2,696.00p
16:35 142 @ 2,696.00p
16:35 9 @ 2,696.00p
16:35 7 @ 2,696.00p

Computacenter Key Personnel

CEO Michael J Norris

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