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Computacenter PLC on Monday said the third quarter of 2024 was ‘broadly in line’ with a year before, but a weak September means annual profit is likely to be ‘modestly behind’ 2023. Computacenter is a Hertfordshire, England-based technology and services provider. Its shares were down 0.2% to 2,330.00 pence in London early Monday, slightly behind the wider FTSE 250 index, which was up 0.4%. After a strong start to the third quarter, Technology Sourcing volumes were below expectation in September, partly due to slower completion of committed product orders in North America, Computacenter said. Some US shipments now are expected to be completed in the fourth quarter or early 2025. Elsewhere, in Germany, business was in line with expectations, Computacenter said, while in the UK it was ahead of 2023 but below company expectations. Services revenue was up on year in the third quarter, as growth in Professional Services outweighed decline in Managed Services. Computacenter noted that the fourth quarter is its largest of the year, and it has a healthy order backlog for this. It still expects the second half of the 2024 to be ‘comfortably ahead’ of last year, but the softer end to the third quarter means it now expects adjusted pretax profit for all of 2024 to be ‘modestly behind’ 2023 at constant currency. Currency movement is expected to have a negative £7 million to £8 million impact on adjust pretax profit this year. Copyright 2024 Alliance News Ltd. All Rights reserved.
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