Computacenter plc, a leading independent technology and services provider, has released its trading update for the first half of 2025. The company reports strong revenue growth, driven primarily by its high-volume Technology Sourcing business, resulting in healthy growth in gross profit. North America performed exceptionally well, and the UK also saw further growth. However, softer trading was experienced in Germany and France during the second quarter due to temporary decreases in public sector activity following political changes, with Frances performance being significantly weaker than the previous year.
Computacenter also increased investments in Group-wide initiatives, including systems upgrades. As a result, adjusted operating profit for the first half of 2025 is expected to be slightly higher than the previous year, despite an adverse currency translation impact of approximately £2 million.
The companys balance sheet remains robust, with adjusted net funds of approximately £278 million as of June 30, 2025. Computacenter is optimistic about the second half of the year, supported by a healthy committed product order backlog across all geographies. Some large orders in North America and the UK, initially expected in the first half, have moved into the third quarter.
While acknowledging the ongoing geopolitical and macroeconomic uncertainties, Computacenter anticipates a recovery in public sector activity in Germany and expects France to remain challenging. Overall, the company forecasts full-year adjusted operating profit for 2025 to surpass the previous year, despite an adverse currency translation impact of around £4 million. Adjusted profit before tax is expected to remain at a similar level due to the reduction in net finance income following the share buyback.