Computacenter (CCC) Trading Update summary

Financial performance and trading highlights

• Achieved strong revenue growth, mainly from high-volume Technology Sourcing, with notable gains in North America and the UK, while Germany and France saw softer trading due to public sector slowdowns, especially in France.

• Gross profit increased, and H1 2025 adjusted operating profit is expected to be slightly ahead of last year (£81.1m), despite a £2m adverse currency impact.

• Net interest income is projected to be over £6m lower than H1 2024 after the share buyback, but earnings per share improved; adjusted net funds at 30 June 2025 were about £278m.

Outlook and strategic initiatives

• Healthy product order backlog across all regions positions the group well for H2, with strong July trading and large orders in North America and the UK moving into Q3.

• Anticipates some recovery in German public sector activity in H2, while France remains challenging; expects FY 2025 adjusted operating profit to exceed prior year, despite a £4m currency headwind.

• Adjusted profit before tax for FY 2025 is expected to be similar to last year due to lower net finance income post-buyback.

Investments and operational updates

• Increased investment in group-wide initiatives and system upgrades during the half.

• Half year results for the six months to 30 June 2025 will be published on 9 September 2025.