Computacenter has updated the market on its Q1, with continued good performance in the UK. In constant currency, Group revenues declined 3% to £659.4m. Group Services revenue grew 4% and Group Supply Chain (i.e. resale) declined 6% in constant currency.
Total UK revenue increased 6% to £294.9m. Thus far, Computacenter has managed to sustain last year's double-digit growth in its services business (+11%). However, it warns that the performance versus a very strong FY12 is likely to become harder to match. That said, it explains that: “the prospect pipeline has increased since we last reported giving us more confidence that our services growth rate can be maintained for some time to come”. The resale business grew 4%.
German revenue declined 12% to £280.6m (note that it is bigger than the UK business). Services revenue was down 2% and resale down 17%. The company continues to make improvements to the profitability of the German business when taking on new contracts - an issue that has been a real headache for the firm. French revenue declined 3% to £107.4m. Services revenue was down 7% and resale down by 2%.
Overall a mixed picture, but certainly CEO, Mike Norris, should feel very pleased with the performance of the UK.