Computacenter sees FY profit slightly above £250m
By Frank Prenesti
Date: Monday 24 Jan 2022
(Sharecast News) - Computacenter on Monday forecast annual profits to be slightly in excess of £250m after a better-than-expected fourth quarter despite a higher pound and supply shortages.
Total revenue for the Group grew by 23% including the effects of acquisitions made since the beginning of 2020, and by 27% in constant currency. The group recorded the highest growth in sales at its services unit for the last 20 years, coupled with continued strength from Technology Sourcing product sales which was more broadly based in 2021 than the previous year.
"Our product order backlog is at an all-time high and considerably larger than a year ago. This is due to two factors, product supply constraint meaning customers are ordering earlier but there is also a significant underlying strength to the market," the company said in a trading statement.
"We are pleased that the stronger services pipeline we saw a year ago delivered increased revenue and we are hopeful of repeating this performance in 2022."
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