Computacenter (CCC) Q4 2025 TU earnings summary

Executive summary

• FY 2025 results exceeded expectations, driven by a strong second half and robust Q4 performance.

• Revenue grew 32% in constant currency and 31% on a reported basis year-over-year.

• North America showed consistently strong growth, while the UK improved and Germany rebounded in H2; France faced ongoing challenges.

Financial highlights

• Technology Sourcing gross invoiced income rose 38% in constant currency year-over-year.

• Services revenue increased by 3% year-over-year, with Professional Services growth partly offset by a decline in Managed Services.

• Adjusted profit before tax for 2025 expected to be no less than £270m, above consensus of £253.6m.

• Adjusted net funds ended the year at approximately £600m, aided by strong collections and early customer payments.

Outlook and guidance

• Order intake remained strong in H2, with a committed product order backlog at year-end significantly ahead of prior periods.

• Confident in making further strategic and financial progress in 2026 despite macroeconomic and industry challenges.