Business resilience over the first nine months of 2021

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:

• 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.
• 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

12 October 2021, Econocom, Europe’s first digital general contractor, has announced that its satellite Alter Way, an emblematic player in open source in France, will be joining the Smile group, which seeks to bolster its role as Europe’s open-source leader. Alter Way will remain a special business partner to Econocom in open-source services.

Jean-Louis Bouchard, Econocom’s founder and chairman, said, ‘After Alter Way’s six fruitful years in our group, I’m delighted about its merger with Smile, which creates a new way for us to partner with each other. Econocom’s model of satellites has once again proved its worth in helping cutting-edge firms develop through support from our group’s expertise and client portfolio.’

Véronique Torner and Philippe Montargès, co-founders and chairs of Alter Way, added, ‘After an exciting entrepreneurial journey in the Econocom galaxy, which helped us successfully develop our Build for Run plan and grow quickly, we’re proud to help create Europe’s future champion in open source and in responsible digital technology alongside Marc Palazon (CEO of Smile) and his talented senior management team.’

The operation will take effect in the coming weeks once the final administrative formalities are completed.