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Investing.com -- Computacenter ’s (LON:CCC) stock rose on Monday following the company’s stronger-than-expected growth in North America and the U.K., leading it to raise its full-year profit forecast despite ongoing challenges in Germany and France.
The IT company now expects adjusted EBIT for 2025 to exceed last year’s figures, although the revised guidance for PBT comes in slightly lower than earlier forecasts.
For the first half of 2025, Computacenter reported solid revenue growth, driven primarily by its Technology sourcing segment.
However, Computacenter pointed to ongoing weakness in Germany and France, where public sector activity was subdued, and delayed deals hampered performance.
Despite the setbacks in these two key European markets, Computacenter raised its adjusted EBIT forecast for the full year, projecting it will come in slightly ahead of last year’s £81 million.
While the full-year outlook for PBT is expected to remain close to last year’s £254 million, a revision in guidance implies a modest cut to analysts’ expectations, which previously stood at £265 million.
The company acknowledged that the recovery of public sector activity in Germany is expected in the second half of the year, although France remains challenging.