Computacenter enters FTSE 250

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IT reseller Computacenter entered the FTSE 250 index last month on the back of a 40 per cent rise in its share price during 2009. Computacenter chief executive Mike Norris predicted the company’s trade in hardware products would drop by more than 10 per cent in 2009 while its managed services business would grow significantly.

Norris said: “Economic conditions are affecting the markets in which we operate. However we can, and do, help businesses reduce costs and become more competitive, which makes our managed services offerings more compelling, as our recent contract base growth illustrates. “We expect this growth to continue at a similar pace throughout the year, though our product revenues are under pressure.”

Computacenter’s UK revenues grew by 2.5 per cent to £1.39 billion in 2008, largely because  of strong sales in datacentre services, consulting/integration and in SME sales. Adjusted operating profit declined 15.6 per cent to £27.9 million.

Its UK contract base grew 7.5 per cent to £217 million, excluding big managed contracts with the likes of Nationwide,  Unipart, Marks & Spencer and Hays signed in the second half of 2008. Norris said: “These and other contracts will result in a UK contract base of approximately £240 million by the end of Q1 2009.”

 

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