{"id":3309,"date":"2023-04-19T09:49:35","date_gmt":"2023-04-19T07:49:35","guid":{"rendered":"https:\/\/onelink-dev.econocom.com\/gerpl\/?p=3309"},"modified":"2023-04-19T09:49:35","modified_gmt":"2023-04-19T07:49:35","slug":"3309","status":"publish","type":"post","link":"https:\/\/onelink-dev.econocom.com\/gerpl\/2023\/04\/19\/3309\/","title":{"rendered":""},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/3309?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/3309?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p><span style=\"font-size: 18px;color: #3e0d81\"><strong><span style=\"font-family: arial\">Econocom published its results for the first quarter of 2023 on Monday 17 April 2023 after the close of trading.<\/span><\/strong><\/span><\/p>\n<p><span style=\"font-family: arial;color: #3e0d81\">Revenue of \u20ac637 million, up 10.3% driven by organic growth in Technology Management &amp; Financing and external growth in Products &amp; Solutions<\/span><\/p>\n<p><span style=\"font-family: arial\">The following developments were achieved during the first three months of 2023:<\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial\">Products &amp; Solutions (P&amp;S) revenue amounted to \u20ac312 million, up<sup>1<\/sup>1% driven by the acquisitions made over the past 18 months. On an organic basis\u00b2, P&amp;S posted a slight increase (up 1.5%) in comparison with Q1 2022, a period of sharp growth.<\/span><\/li>\n<li><span style=\"font-family: arial\">Technology Management &amp; Financing (TMF) continued to grow with revenue of \u20ac197 million, up<sup>1<\/sup>6% including 13.6% organic growth<sup>2<\/sup>. Performance was boosted by the completion of a number of significant deals during the first quarter, whereas in 2022 they were mostly recognised in the second quarter.<\/span><\/li>\n<li><span style=\"font-family: arial\">Services revenue (total<sup>1<\/sup> and organic<sup>2<\/sup>) slightly decreased by 1.0% to \u20ac127 million, mainly due to the postponement of several projects and hiring issues.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: arial;color: #3e0d81\"><br \/>\nAnnual targets confirmed<\/span><\/p>\n<p><span style=\"font-family: arial\">Econocom confirms its annual revenue growth target of 5%, as well as its target of increasing full-year net profit versus the previous year.<\/span><\/p>\n<p><span style=\"font-family: arial\">However, Econocom expects growth to slow by the end of June 2023, mainly due to seasonal discrepancies between 2022 and 2023 and the various market environments. Likewise, net profit for the first half of 2023 is expected to be down compared to H1 2022.<\/span><\/p>\n<p><span style=\"font-family: arial;color: #3e0d81\">Disposal of a business line held for sale.<\/span><\/p>\n<p><span style=\"font-family: arial\">During the first quarter, the Group sold its Products &amp; Solutions business with customer Altice, in France and the USA. This business was classified as a discontinued operation in 2022. This disposal, which has no material impact on the Group&#8217;s 2023 net profit, has a positive cash impact of around 20 million euros.<\/span><\/p>\n<p><span style=\"font-family: arial;color: #3e0d81\">Extraordinary Shareholders&#8217; Meeting to be convened to cancel treasury shares<\/span><\/p>\n<p><span style=\"font-family: arial\">At today\u2019s meeting, the Board of Directors decided to convene shortly an Extraordinary Shareholders&#8217; Meeting to ask for the vote on the cancellation of the treasury shares held by the Company.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: arial;color: #3e0d81\">For more information, see the press release in the resources section of this page.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: arial\"><sup>1 At constant standards<\/sup><\/span><\/p>\n<p><span style=\"font-family: arial\"><sup>2 At constant standards and scope<\/sup><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Econocom published its results for the first quarter of 2023 on Monday 17 April 2023 after the close of trading. Revenue of \u20ac637 million, up 10.3% driven by organic growth in Technology Management &amp; Financing and external growth in Products &amp; Solutions The following developments were achieved during the first three months of 2023: Products [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":3310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-3309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group"],"acf":[],"_links":{"self":[{"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/3309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/comments?post=3309"}],"version-history":[{"count":1,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/3309\/revisions"}],"predecessor-version":[{"id":3312,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/3309\/revisions\/3312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/media\/3310"}],"wp:attachment":[{"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/media?parent=3309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/categories?post=3309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/tags?post=3309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}