Computacenter expecting numbers to be 'comfortably in excess' of expectations

Positive trading update sends shares up more than six per cent

Computacenter expects its full-year results to be "comfortably in excess of previous expectations", the firm said in a trading update today.

According to the note, Computacenter has gathered traction across all geographies of its supply chain (product) business, but Germany in particular stands out.

The announcement comes soon after Softcat released a similar update.

The firm did not reveal any numbers, but said: "The six months of trading to 30 June 2018 shows considerable progress for Computacenter in adjusted profitability, and even further progress in adjusted earnings per share following the buyback completed in February 2018, against the same period last year.

"While there is still a significant amount to do in the second half of the year, Computacenter's board believes that the group's trading result for the 2018 financial year will now be comfortably in excess of its previous expectations set out in the Q1 trading update."

In the Q1 update Computacenter said that the UK business had seen revenue growth of 31 per cent, driven by a one-off £34m deal in particular.

The firm's share price rose over six per cent when trading opened this morning.

Computacenter will publish its interim results on 24 August.