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Highlights

  • Gross profit up 8.6% and adjusted operating profit up 4.2% in constant currency in half yearly 2025.

  • Adjusted net funds at £278 million following £200 million share buyback in 2024.

  • Interim dividend increased to 23.6p per share, with over £1 billion distributed to shareholders since 2013.

Computacenter plc (LSE:CCC), a leading independent technology and services provider, has announced its unaudited results for the six months ended 30 June 2025.

The Group reported growth in gross invoiced income and revenue, supported by performance in both Technology Sourcing and Services. Gross profit increased 8.6% in constant currency, while adjusted operating profit rose 4.2%, driven primarily by strong results in North America and a return to growth in the UK. Softer performances in Germany and particularly France partly offset this progress.

The balance sheet remained solid with adjusted net funds of £278.0 million, following completion of a £200 million share buyback in the second half of 2024.

Strategic and Operational Progress

Computacenter continued to execute on its strategy of expanding customer relationships, scaling operations, and investing in people. The number of customers generating more than £1 million of gross profit annually rose to 197, a net increase of 14 since June 2024.

North America delivered another record performance, with operating profits nearly doubling year on year and accounting for 44% of adjusted operating profit before central costs, compared with 24% in the prior half year. Growth was supported by both hyperscale and enterprise customers.

The UK business returned to growth during the period, while Germany and France faced lower levels of public sector activity. Professional Services revenue increased 6.5% in constant currency, with growth in the UK and North America, while Managed Services recorded a slight decline but with an improved pipeline.

The product order backlog at 30 June 2025 was up 23.7% year on year in constant currency, reflecting continued order intake in both North America and the UK.

Strategic investment spend rose to £21.9 million (H1 2024: £17.6 million), focused on building capabilities, improving productivity, and positioning the Group for future growth.

Shareholder Returns

The Board declared an interim dividend of 23.6 pence per share, up 1.3% from the prior year, consistent with dividend policy. Since 2013, the Group has returned more than £1 billion of capital to shareholders.

Outlook

Management highlighted a healthy and committed product order backlog, which remains significantly ahead of the prior year, and noted a strong start to Q3, particularly in North America.

While broader macroeconomic and geopolitical challenges are expected to continue, the Group anticipates some recovery in German public sector activity during the second half, though conditions in France remain challenging. Computacenter continues to expect full-year adjusted operating profit for FY25 to exceed the prior year, including an adverse currency translation impact of around £4 million.