With strong first-half performances, Econocom confirms its annual guidance.

« Econocom continues its expansion. » 

This realignment of the group’s core business, combined with the synergies resulting from the integration of ECS and the controlling of operating costs, caused recurring operating profit to jump 39% from €18.6 million in H1 2011 to €26 million in H1 2012 (¹recurring operating profit before amortisation of the ECS customer portfolio – €1 M in H1).

Net profit, group share, increased fivefold to stand at €13.7 M (€2.7 M in H1 2011), thanks to a significant reduction of financial expenses and integration costs.

The slight drop in consolidated revenue (€736.9 million compared with €763.7 million in H1 2011) was due chiefly to the postponing of certain contracts and the relinquishment of non-strategic activities.

At the Board Meeting on 30 August, Jean-Louis Bouchard, Chairman of Econocom Group, confirmed that Econocom is continuing its expansion:  « In just six months, we have achieved revenue and recurring operating profit – despite the highly seasonal nature of business – very similar to our full-year results in 2008, the first year of our Horizon 2012 strategic plan, in spite of the difficult economic and financial environment. »

Further reading

• 2012 half-year results: the official press release