Easter bunny bashes Computacenter

Corporate reseller left counting the cost of early fall of Easter holidays as Q1 results trail expectations

Written by Doug Woodburn

Computacenter has been left cursing the early fall of the Easter holidays after suffering a slowdown in first quarter sales.

In an interim management statement, the UK’s largest corporate reseller said it had experienced “difficult trading” at its UK and French subsidiaries compared to the same period last year.

But it added that sales in all geographies were “undoubtedly affected” by the Easter holidays occurring in the first quarter.

UK sales hit £346.6m - a drop of 1.5 per cent year-on-year stripping out the impact of acquisitions. Non UK sales in local currency declined 7.1 per cent to €332.8m, which the reseller attributed to lower sales in France.

“It is likely that the pre tax profit will be more skewed towards the second half which may result in the first half being slightly below the first half of last year,” the firm stated.

“This is due to not achieving our revenue growth objectives to date, despite increased investments, and the increased proportion of Group profits generated in Germany, which have always been biased towards the second half of the year.

reader comments

related articles

Computacenter targets SMEs with online store

Rivals criticise the launch of online purchasing service Computacenter Express 18 Apr 2008

 

Computacenter unveils solid results

Corporate reseller registers first full-year growth for four years as UK posts strong second-half results 14 Apr 2008

Computacenter unveiled as first Xsigo UK partner

Corporate reseller matches US virtualisation vendor’s vision to simplify UK datacentres 06 Mar 2008

Computacenter sees profit increase

Corporate VAR reveals price erosion is still impacting UK performance 11 Sep 2007

Computacenter confident in pre-close statement

Profit for the first half of 2008 expected to be less than last year, but turnover is up on 2007 10 Jul 2008

Computacenter shares up five per cent

Interim results beat predictions despite decline in UK sales 11 Sep 2007

today's top stories

Analysis: Will IE8 cause more problems than it solves?

Microsoft's new browser may lead to compatibility issues and affect online advertising 29 Aug 2008

CIO morale plummets as crunch hits

Fewer opportunities and less responsibility depress IT managers 27 Aug 2008

The pIT stop Q&A: Should packaged software users adopt SOA?

Our expert panel answer readers' questions 29 Aug 2008

Computing podcast 28 August 2008

CIO job satisfaction plummets, and why schools' IT spending is set to top £1bn 28 Aug 2008

The definitive guide to collaboration

Five key technologies and five best practice tips to improve your collaborative IT 28 Aug 2008

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Jobs

Job of the week

Job alerts

Sign up here

Find your next job here

Advertisement

White papers

Search white papers

Top categories

VPN, Extranet and Intranet Solutions

WAN/ LAN Solutions

Network Security

Interoperability-Connectivity

Grid/ Utility Computing

Latest poll

Would you recruit a student with an IT degree?

Would you recruit a student with an IT degree?

As IT student numbers plummet - would you recruit an IT graduate?

Previous poll results

Latest audio and video articles

A stressed CIOAudio

Computing podcast 28 August 2008

CIO job satisfaction plummets, and why schools' IT spending is set to top £1bn 28 Aug 2008

Bryan Glick video whiteboardVideo

The definitive guide to collaboration

Five key technologies and five best practice tips to improve your collaborative IT 28 Aug 2008

Latest in-depth articles

Myron HrycykAnalysis

General management skills are now as important as technical ability

A selection of leading chief information officers talk about what they see as the most important aspects of the role 28 Aug 2008

Internet Explorer logoAnalysis

Analysis: Will IE8 cause more problems than it solves?

Microsoft's new browser may lead to compatibility issues and affect online advertising 29 Aug 2008

Primary Navigation