Computacenter (CCC)

Sector:

IT Services

Index:

FTSE 250

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

Computacenter sees 'strong top-line growth' in Q1

By Iain Gilbert

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Computer services provider Computacenter said on Friday that it saw "strong top-line growth" in the first quarter, with growth in adjusted pre-tax profits at a more modest level due to a "very large volume customer" diluting overall margins.
Computacenter stated that adjusted pre-tax profits at the end of the first half were likely to be behind 2021 but will still be in line with "the historical seasonality" of the business.

The FTSE 250-listed firm added that the "substantial removal" of lockdown measures in its geographies had meant a return to a "more normal, and more sustainable" post-Covid-19 cost base.

"We remain confident that FY 2022 will be a year of further progress, and we remain on track for the year as a whole," said the group.

Computacenter added that the first half of 2021 created "a more challenging comparison" than the year as a whole, so to be ahead of 2021 in profit terms after the first quarter was "pleasing".

"There are clearly many challenges in the world and we, like most companies, are affected by wage inflation and supply chain shortages, but these offer us opportunities to differentiate from our competition with superior execution. The momentum Computacenter has built over many years and the strength of our balance sheet gives us confidence for the future," Computacenter concluded.

As of 0830 BST, Computacenter shares were down 3.73% at 2,636.0p.

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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 2,944.00
52 Week Low 2,026.00
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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