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By | John Oates 13th July 2010 08:28

Profits rise at Computacenter

Looking ticketyboo (except in Germany)

Computacenter has beaten profit targets for the first six months of the year by ten per cent.

The reseller is giving a trading update to City analysts today. In trading to 30 June 2010 sales grew five per cent, or seven per cent if you exclude the impact of selling off its distie business.

Growth slowed slightly in the second half but was still positive in all regions.

The only fly in the ointment was the first two months of trading in Germany. The German business did grow revenue, but profits for the period will be less than in the first half of last year.

Computacenter said: "We are pleased with the progress the Group has made, albeit slightly held back by the first two months results in Germany.

"While we are fully aware that market conditions remain highly competitive and the economic outlook is far from certain... we remain on track to achieve our expectations for the year end outcome."

The dealer said it was seeing decent capital expenditure in all areas.

In the UK product sales grew six per cent and services seven per cent, up from three per cent in the first quarter, thanks to several contract wins.

The full statement is here. ®

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