Press Release

Computacenter plc

Incorporated in England

Registration number: 03110569

LEI: 549300XSXUZ1I19DB105

ISIN: GB00BV9FP302

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) No. 596/2014.

FOR IMMEDIATE RELEASE

Computacenter plc

Trading Update - 10 December 2020

Computacenter plc ("Computacenter" or the "Group"), a leading independent technology partner trusted by large corporate and public sector organisations, today publishes a trading update based on unaudited financial information for the 11-month period to 30 November 2020 and the most recent forecast to the end of 2020.  

The positive trading we have experienced in the second and third quarters of the year has continued into the fourth quarter to date and we have good visibility of our likely December sales. Given this, the Board feels it is necessary to upgrade the outlook made at the time of our Interim Results on 09 September 2020.  It is now the Board's opinion that our adjusted¹ profit before tax for the year to 31 December 2020 is unlikely to be less than £190 million.

At this time customers are understandably polarising between those negatively affected by the COVID-19 pandemic that are naturally temporarily reducing, or delaying, their investment in technology, and those that feel this is the appropriate time to invest heavily in their digital transformation to prepare for the future. We are very proud that so many customers have turned to Computacenter and our services at these difficult times and we would like to thank our employees for stepping up to our customers' challenges.

Our next trading statement is scheduled for Friday 22 January 2021.

¹ Adjusted profit before tax is stated before: exceptional and other adjusting items including gain or losses on business acquisitions and disposals, and amortisation of acquired intangibles, as Management do not consider these items when reviewing the underlying performance of the Group. Further detail on the impact of exceptional and other adjusted items when compared to the non-Generally Accepted Accounting Practice financial measures, in addition to those reported in accordance with IFRS, is provided within our 2019 Annual Report and Accounts.