ECONOCOM REPORTS 13.5% GROWTH IN REVENUE (WITH ORGANIC GROWTH OF 6.0%) FOR THE FIRST NINE MONTHS OF 2018!

2018 NINE-MONTH REVENUE

Econocom Group, a digital transformation player, posted revenue of €1,944 million for the first nine months of 2018, up 13.5%, with organic growth of 6.0%. All the group’s activities reported organic growth for the period.

Revenue for Technology Management & Financing (TMF) amounted to €871 million over nine months, a 5.3% increase.

Revenue for Services rose 16.1% to €747 million. It reported organic growth of 5.0% over nine months, in line with the first half (4.8 %).

Revenue for Products & Solutions stood at €327 million, up 35%, with organic growth of 9.4% (6.7% in the first half).

 

2018 FULL-YEAR GUIDANCE

The group confirms its 2018 full-year guidance for Recurring Operating Profit1 of €120 million.

Robert Bouchard, CEO of Econocom, said: "The group has shown its growth trend once again with a positive revenue trend across all its activities in the third quarter. We are now focusing all our energies on achieving our recurring operating profit target at the beginning of the fourth quarter which, as every year, will be key."