Jean-Louis Bouchard highlights the circular economy as a model for moving towards a fairer and more responsible society, as well as entrepreneurship as a means of achieving this transition.

Downloading the opinion column in the resources (English version).

Read the article online (French version).

Econocom Group generated revenue of €1,800 million for the first nine months of 2021, virtually flat (-0.3%¹) compared to the same period last year. 

As expected, Q3 2021 business continued to be impacted by global supply-chain problems affecting certain components used in the production of digital assets.

Over the period, the following developments took place:

• Revenue from Products & Solutions totalled €758 million, down¹ 2.1%. The distribution segment was hit hardest by supply problems, which impacted Q3 business in particular. As a reminder, Q3 2020 was boosted by the post-lockdown catch-up effect, thereby setting a high standard for comparison with Q3 2021. Nevertheless, demand for digital assets remains strong and order backlog is growing.
• Services posted revenue of €393 million, up 1.0%¹. Growth was primarily driven by Managed Services (+3.7%), albeit curbed by a challenging base of comparison in two subsidiaries. The segment is pursuing its selective policy targeting high value-added contracts while leveraging corporate demand for support in digital projects.
• The Technology Management & Financing (TMF) division posted revenue of €649 million, up¹ 1.2%. Business picked up in Q3 2021, marking a turning point after several quarters of decline. This positive performance reflects the refocusing on target regions, the expansion of the sales force and new agile, eco-responsible offerings.

Outlook 

Benefiting from favourable market trends, the Group intends to pursue its development by focusing on its targeted acquisition policy in order to strengthen its presence in certain regions and promote synergies between the various business lines. The Group will strive to adapt to the changing supply situation in order to meet demand as far as possible.

Next publication: annual revenue 2021

Econocom will post its 2022 financial information publication schedule on the company website by the end of the year.

.^[1]Like-for-like at constant consolidation scope and accounting standards

The European Sustainable Development Weeks aim to raise awareness of the Agenda 2030 sustainable development goals. It also encourages concrete mobilization at all individual and collective levels by promoting initiatives in favor of sustainable development. This year, at Econocom, the CSR/Communication and IT departments of the group launched the Cyber Cleanup Week challenge. A great opportunity to reduce the environmental impact of the group’s mailboxes with the objective of reducing our digital environmental footprint (mailboxes) by 5%, i.e. deleting 10 million emails in one week (equivalent to 110 tons of CO2)!

In two weeks, no less than 5 million emails were deleted! That’s the equivalent of 55 tons of CO2 or 55 trips from Paris to NYC and back! Congratulations and THANK YOU!

The objective was ambitious and we would like to thank each of you for your participation and involvement in this action.

As a responsible digital entrepreneur, Econocom wants to go further! In order to reach the final objective of offsetting the emission of 110 tons of CO2, Econocom is committed alongside our partner Climate Partner. How can we do this? Through a reforestation project! No less than 55 trees will be planted in Germany and 3,000 trees in Brazil in order to allow Econocom to compensate the additional 55 tons of CO2.

Of course, your actions should not stop with the end of the challenge. We count on you to continue to act in all your daily gestures.

The European Sustainable Development Weeks aim to raise awareness of the Agenda 2030 sustainable development goals. It also encourages concrete mobilization at all individual and collective levels by promoting initiatives in favor of sustainable development. This year, at Econocom, the CSR/Communication and IT departments of the group launched the Cyber Cleanup Week challenge. A great opportunity to reduce the environmental impact of the group’s mailboxes with the objective of reducing our digital environmental footprint (mailboxes) by 5%, i.e. deleting 10 million emails in one week (equivalent to 110 tons of CO2)!

In two weeks, no less than 5 million emails were deleted! That’s the equivalent of 55 tons of CO2 or 55 trips from Paris to NYC and back! Congratulations and THANK YOU!

The objective was ambitious and we would like to thank each of you for your participation and involvement in this action.

As a responsible digital entrepreneur, Econocom wants to go further! In order to reach the final objective of offsetting the emission of 110 tons of CO2, Econocom is committed alongside our partner Climate Partner. How can we do this? Through a reforestation project! No less than 55 trees will be planted in Germany and 3,000 trees in Brazil in order to allow Econocom to compensate the additional 55 tons of CO2.

Of course, your actions should not stop with the end of the challenge. We count on you to continue to act in all your daily gestures.