The Channel logo
The Channel uses cookies. Find out more.

News

By | John Oates 15th November 2004 15:15

SCH profits grow a little

European buying spree paying off

Sponsored: Creating the Storage Advantage

Specialist Computer Holdings saw turnover increase 8.3 per cent to £1.88bn for the year ended 31 March 2004. Operating profit for the year - before exceptional items - was £30.7m, up slightly from £30.6m for 2003.

More than half of total turnover, 56 per cent, came from outside the UK. Continental European turnover was £1, 056m against £828m in the UK. Three acquistions were "successfully integrated" in the period - Pluz BV, the payroll business of Hays Group and the IT services arm of ATR Group in Italy. SCH also bought a Triaton, a product supply business, from HP in Germany. All European non-distribution business has now been re-branded SCC.

Sir Peter Rigby, chairman and CEO, said the firm had made excellent progress in a year when market conditions remained challenging. Rigby said: "We have a proven track record in not only making strategic acquisitions but in taking cost out, retaining value and fully integrating them into our European business. This financial year is no exception and has seen the successful integration of three strategic acquisitions in the UK, Italy and The Netherlands, underlining our unique capability to manage IT service delivery on a truly pan-European stage."

Looking forward Rigby said: "We cannot forecast a trading improvement in the short term, particularly in Continental Europe, although UK IT expenditure has moderately strengthened." He expects the company to continue to grow both organically and fuelled by acquistions.

SCC employs 6,000 people in 65 offices across Europe. ®

Related stories

SCH snaps up Hays payroll biz
SCH reigns in Spain
SCH acquires French dealership

Sponsored: Creating the Storage Advantage

alert Send corrections

Opinion

Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware