On January 18th 2022, Econocom has announced its 2021 preliminary results. You will find below key messages of the press release.
The full content is also available here.
Strong increase in the group Recurring Operating Profit2 and Net Result in 2021
2021 highlights the resilience of Econocom Business Model
Stability of revenues despite the impact of the difficulties in the global procurement market of digital assets in 2021
- Revenues of €2,522 million, stable1 versus 2020
Sustained growth of the ROP2 and of the Net result
- Increase1 of 16% in the Recurring Operating Profit (ROP)2 at €135 million (+16%), the operating profitability rate reaching 5.4% up 0.8 pt
- Sharp increase of the Net Result at €70 million (+40%)
Contained net financial debt
- Net financial debt under control at €67 million at December 31, 2021
Outlook
- Econocom confirms that it will continue to actively pursue external growth opportunities in order to reinforce its positioning in its three core businesses in the targeted geographic areas
- The high level of backlog recorded at the end of the year 2021 will also allow the group to secure part of the revenues of the two first quarters of 2022
Preliminary results – Non-audited financial information
1 On a like-for-like basis (at constant perimeter and accounting standards)
2 Before amortization of intangible assets from acquisitions and after restatement in line with IFRS 5 for assets held for sale and excluding discontinued operations
