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Econocom Group SE — Earnings Release 2018
Oct 18, 2018
3943_10-q_2018-10-18_61ddd6cf-653b-48ed-b168-a1fb7a565d0f.pdf
Earnings Release
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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 monthsof2018, up13.5%, with organicgrowth of 6.0%. All the group's activities reported organicgrowth for the period.
Revenue forTechnology Management & Financing (TMF) amounted to €871 millionoverninemonths, 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%, withorganicgrowth of 9.4% (6.7% in the first half).
2018 FULL-YEAR GUIDANCE
Thegroupconfirms its 2018full-year guidance forRecurring Operating Profit1 of €120 million.
Robert Bouchard, CEO of Econocom, said: "The group has shown its growth trend once again with a positiverevenue 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."
ABOUT ECONOCOM
Econocomfinances andaccelerates companies'digitaltransformation.With more than 10,700 employees in 19 countries and revenue of €3 billion, Econocom has all the requisite abilities to ensure the successful implementation of large-scale digital projects: consulting, sourcing and technology management & financing of digital assets, infrastructure, application and business solution services, and projectfinancing. Econocom has adopted European company status (Societas Europaea). The Econocom Group share has been listed on Euronext Brussels since 1986. It is part of the BEL Mid and Family Business indices.
FOR FURTHER INFORMATION
www.econocom.com
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