Econocom posts revenue of €1.05 Bn for the first 9 months of the year and confirms its annual profitability guidance.
Despite a slight drop in revenue (5%) compared with the same period in 2011, due mainly to the group’s decision to relinquish certain areas of its business portfolio and to market conditions in which certain clients were particularly hesitant, the 2012 3rd-quarter results have led Econocom to confirm their guidance of a rise in operational profitability, a trend which was already observed at the end of June.
Having acquired Cap Synergy, Centix, Ermestel and Tactem since the beginning of the year, to enhance its expertise in the fields of IT security, virtualisation and telecoms, Econocom is currently investigating other possible acquisitions to be carried out by the end of the year.
Through these results, Econocom has proved the resilience of its model and its ability to optimise operational performance, and therefore confirms its annual guidance: over €70 M operating profit and net earnings per share standing at around €0.50.
Find out more about Econocom’s acquisitions
Econocom is currently a European provider of services for integrating and financing digital solutions. With its complementary areas of expertise (distribution , leasing , services and telecoms), Econocom assists businesses in transforming their IT systems and managing digital projects. Operating in 18 countries, Econocom Group employs 3,700 people and posted revenue of €1,538 million.
For further information : www.econocom.com