Investors will be hoping to see improvements of Computacenter plc’s bloated inventory load when the FTSE 250 technology and services provider releases its delayed full-year earnings call on Friday, March 31.
The group moved its publication date from March 20 after the group's auditor KPMG requested additional time to complete its standard audit procedures in relation to one of Computacenter's US subsidiaries.
Computacentre racked up an additional £145mln in inventory in the second half of the year, a 57% year-on-year uptick, although the group noted a reduction in the third quarter.
“While inventory growth has begun to settle across the business, we do not expect inventory to return to normal levels until there is a longer-term supply improvement,” the group said at the time.
Computacentre has not altered its full-year guidance outlined on January 30 which stated it was “encouraged by our customers' continued investment in technology, and we are as bullish as we have ever been about our target market and competitive positioning”.
Specific guidance numbers were not given, but the market predicts a turnover of £6bn, 11% lower year on year, although underlying EBITDA is expected to increase a couple of percent to £355mln.