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| Computacenter on track |
| Written by Business Weekly | |
| Wednesday, 10 January 2007 | |
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Computacenter in Hatfield said it expects its pre-tax profits for 2006 to be in line with City expectations at £38.2m, before exceptionals.
Computacenter said cash generation had been positive in Q4 and that year end net cash would be around £25m, before the funding of the Digica Group acquisition announced a few days ago. The main improvement in profitability, the company said, came from better product margins. Revenues from product sales were marginally reduced, reflecting efforts to move away from low margin volume sales in trade distribution. The company flagged up that although its under-performing French subsidiary had improved, actions designed to decrease the cost base in France had created an exceptional charge of just over £2m. Computacenter's full- year results will be announced on March 13.
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