{"id":589,"date":"2021-04-21T08:01:53","date_gmt":"2021-04-21T06:01:53","guid":{"rendered":"https:\/\/onelink-dev.econocom.com\/belgie\/?p=589"},"modified":"2021-05-05T16:21:44","modified_gmt":"2021-05-05T14:21:44","slug":"strong-q1-2021-revenue-growth","status":"publish","type":"post","link":"https:\/\/onelink-dev.econocom.com\/belgie\/2021\/04\/21\/strong-q1-2021-revenue-growth\/","title":{"rendered":"Strong Q1 2021 revenue growth:"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/posts\/589?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/onelink-dev.econocom.com\/belgie\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/posts\/589?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/onelink-dev.econocom.com\/belgie\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p><span style=\"font-family: Montserrat\"><strong>Organic revenue growth of 4.7%<sup>1<\/sup>\u00a0to \u20ac614 million, driven by strong momentum in Products &amp; Solutions<\/strong><\/span><\/p>\n<p><span style=\"font-family: Montserrat\">Econocom Group generated revenue of \u20ac614 million for the first quarter of 2021, up<sup>1<\/sup>\u00a04.7% compared with the first quarter of the previous year.\u00a0<\/span><\/p>\n<p><span style=\"font-family: Montserrat\">In line with the improvement observed in the fourth quarter of 2020, and despite the persisting effects of the pandemic early in the year, the return to growth in the first quarter of 2021 bears witness to the resilience of Econocom\u2019s business model and backs up the assumption of a recovery in all Group\u2019s businesses in 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-family: Montserrat\">Q1 2021 sustained revenue growth breaks down as follows:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: Montserrat\">Digital Services and Solutions (DSS, comprising the Products &amp; Solutions and Services segments) recorded robust growth<sup>1<\/sup>\u00a0of 8.3% to \u20ac439 million. This excellent performance amplified the upswing already observed in the fourth quarter of 2020. In particular, Q1 2021 Products &amp; Solutions revenue rose sharply<sup>1<\/sup>\u00a0by 15.1% to \u20ac295 million, driven by growth in demand for equipment throughout Europe and the full contribution of satellites. Services revenue for the first quarter of 2021 was \u20ac143 million, down slightly from \u20ac148 million last year.<\/span><\/li>\n<li><span style=\"font-family: Montserrat\">The Technology Management &amp; Financing (TMF) segment generated revenue of \u20ac176 million in the first quarter of 2021, down<sup>1<\/sup>\u00a0just 3.5%. In this segment, Econocom continues to develop new areas of growth, both in France and internationally, with a clearly growing order backlog.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: Montserrat\">Outlook: return to sustainable growth cycle<\/span><\/p>\n<p><span style=\"font-family: Montserrat\">On the strength of this positive first quarter, Econocom confirms its growth target for 2021 and anticipates that the year will mark the start of a new growth cycle, both organically and through targeted acquisitions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: Montserrat\">Next publication: H1 2021 revenue release, 22 July 2021 after close of trading.<\/span><\/p>\n<p><span style=\"font-family: Montserrat\"><sup>1<\/sup>\u00a0On a like-for-like basis at constant perimeter and for continuing activities<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Organic revenue growth of 4.7%1\u00a0to \u20ac614 million, driven by strong momentum in Products &amp; Solutions Econocom Group generated revenue of \u20ac614 million for the first quarter of 2021, up1\u00a04.7% compared with the first quarter of the previous year.\u00a0 In line with the improvement observed in the fourth quarter of 2020, and despite the persisting effects [&hellip;]<\/p>\n","protected":false},"author":3486,"featured_media":590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communications"],"acf":[],"_links":{"self":[{"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/posts\/589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/users\/3486"}],"replies":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/comments?post=589"}],"version-history":[{"count":2,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/posts\/589\/revisions"}],"predecessor-version":[{"id":592,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/posts\/589\/revisions\/592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/media\/590"}],"wp:attachment":[{"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/media?parent=589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/categories?post=589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/belgie\/wp-json\/wp\/v2\/tags?post=589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}