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Computacenter interims to see 'change in messaging', reckons analyst

Published 01/09/2023, 13:33
Updated 01/09/2023, 14:11
© Reuters.  Computacenter interims to see 'change in messaging', reckons analyst

Proactive Investors - Interim results from Computacenter PLC (LON:CCC) on Friday 8 September could see some "changes in messaging" from the tech hardware reseller, according to UBS.

The reason is that they will be the first under new finance chief Chris Jehle.

After the strength seen in the 2022 financial year continued in the first quarter, UBS analysts said they expect "broad-based growth continued in Q2, although we caution Q2 is a seasonally weaker quarter".

Regionally, trends seen in 2022 for the technology procurement services group are expected to continue, with North America tipped to remain strong, as well as France and Germany.

On the other side of the coin, the UK and Switzerland are predicted to have been softer.

UBS forecasts stronger sales growth than the City consensus of 14.3% growth to £3.23 billion, with management having guided to growth in profitability in the first half and for the full year, despite margin pressures.

Read more on Proactive Investors UK

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