The Channel logo

News

By | Drew Cullen 11th January 2005 16:19

France weighs down Computacenter

Trading update

In a trading update today, Computacenter confirmed that group pre-tax profits for 2004 are in line with forecasts. But France continues to be a black spot for Europe's biggest reseller.

The company said its French business traded "poorly throughout 2004 and was subject to some extensive re-engineering, particularly in the second half". Germany improved in H2 04, in line with expectations, and should produce similar profits as in 2003.

H2 trading in the UK, Computacenter's biggest arm, went according to the script, with declining average selling prices and squeezed margins for product sales, and growing revenues from managed services.

Last November, the company warned that UK profits would fall by up to £9m over 12 months, following renegotiations over terms and conditions with an unnamed "primary vendor", thought to be HP.

Computacenter shares fell 6.25p today, down 2.06 per cent to 296p. The company now goes into the closed period, keeping mum on share-price sensitive information, until 15 March, when it announces its prelimary results for the year ending 31 December, 2004. ®

Related stories

'Primary vendor' turns the screws on Computacenter
Computacenter pulled down by France and Germany
UK resellers go for growth
Computacenter signs 3PAR for utility play
Big names dominated UK channel in May
Computacenter hit by PC price tumble
Computacenter duo clean up again

alert Send corrections

Opinion

Houses of Parliament in night-time

Andrew Orlowski

Come on everybody, let's upload all our stuff into Government by Cloud
Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties

Features

Alistair Darling and Alex Salmond debate Scottish independence
You keep the call centres, Hamish, we'll take the banks
Internet of Things
Everyone loves those Things, just not on each others' terms
No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever