Computacenter expects buoyant revenue growth as it closes out barnstorming 2021

Trading update claims services growth reached a 20-year high last year

Computacenter is set to close a barnstorming 2021 with its services business reaching its highest growth rates in 20 years.

In a trading update this morning, the Hatfield-based reseller said, including the effects of acquisitions made since the beginning of 2020, total group reveunues are set to increase by 23 per cent for the year ending 31 December 2021.

Revenues will increase by 27 per cent in constant currencies, Computacenter claims.

The reseller claims it finished the year strongly and ahead of expectations, and now expects adjusted pre-tax profits for the year to be slightly higher than £250m.

It will mean the group is expected to deliver its seventeenth year on uninterrupted earnings per share growth.

Its services business logged the highest growth figures seen for the last 20 years, Computacenter claims, while its Technology Sourcing operations were "more broadly based" in 2021 than the previous year.

Computacenter added that it has been able to use its strong balance sheet to boost inventory levels to higher-than-usual levels to support customers amid ongoing product shortages.

Its product backlog is at an "all-time high" due to customers ordering earlier than usual amid product supply shortages but also thanks to an "underlying strength" in the market.

"While as always there is much to do, we enter 2022 growing in multiple geographies, across product and services, which means we feel the business is well placed for another year of progress," Computacenter said.

Computacenter will publish its full 2021 financial results on 16 March.