{"id":710,"date":"2021-07-25T15:12:00","date_gmt":"2021-07-25T13:12:00","guid":{"rendered":"https:\/\/onelink-dev.econocom.com\/gerpl\/?p=710"},"modified":"2021-08-05T16:43:29","modified_gmt":"2021-08-05T14:43:29","slug":"starke-steigerung-des-halbjahresergebnisses-2021-wiederaufnahme-der-akquisitionsoffensive","status":"publish","type":"post","link":"https:\/\/onelink-dev.econocom.com\/gerpl\/2021\/07\/25\/starke-steigerung-des-halbjahresergebnisses-2021-wiederaufnahme-der-akquisitionsoffensive\/","title":{"rendered":"Starke Steigerung des Halbjahresergebnisses 2021 &#8211; Wiederaufnahme der Akquisitionsoffensive"},"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\/710?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\/710?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>Robust half-year 2021 performance<\/p>\n<ul>\n<li><strong>Recurring Operating Profit (ROP)<\/strong><strong>1\u00a0<\/strong><strong>increasing<\/strong><strong>2\u00a0<\/strong><strong>to\u00a0<\/strong><strong>\u20ac62.3 million\u00a0<\/strong><strong>(up 40%) and operating profitability reaching 5.0% (up 140 bp)<\/strong><\/li>\n<li><strong>Net Profit from continued operations at\u00a0\u20ac31.3 million versus \u20ac5.8 million in first half\u00a0of 2020<\/strong><\/li>\n<li><strong>A 1.7%2\u00a0increase in revenue driven by the good growth dynamics of the Digital Services and Solutions segment (up 7.7%2), accounting for two-thirds of the half- year revenue.<\/strong><\/li>\n<li>Overall improvement of operating profitability across all Econocom Group business segments<br \/>\nThe Econocom group\u2019s board of directors\u00a0met on 21 July 2021 and validated the consolidated statements for 30 June 2021.<br \/>\nOver the period, business activities developed as follows:<\/li>\n<\/ul>\n<ul>\n<li>The revenue posted by\u00a0<strong>Digital Services and Solutions\u00a0<\/strong>(DSS) segment\u00a0stood at \u20ac794 million, up\u00a0sharply2\u00a0by 7.7%, driven by the dynamics of its two business segments,\u00a0<strong>Products &amp; Solutions\u00a0<\/strong>and\u00a0<strong>Services<\/strong>, up 9.9% and 3.7% respectively. As far as Products &amp; Solutions is concerned, Econocom continues to benefit from the economic recovery in Europe and the ever-increasing demand for digital assets.\u00a0<strong>Services\u00a0<\/strong>remains well positioned thanks to the ramp-up of higher value- added projects. DSS&#8217;s ROP1\u00a0came out at\u00a0\u20ac44.8 million (vs.\u00a0\u20ac34.1 million in the first half of 2020), i.e. profitability increased\u00a02\u00a0to 5.6% (up 100 bp).<\/li>\n<li>The\u00a0<strong>Technology Management &amp; Financing\u00a0<\/strong>(TMF) segment is set to pursue its transformation thanks to the recruitment of new commercial talents while continuing to be more selective about picking its commercial contracts. In the first half-year, TMF\u2019s\u00a0Recurring Operating Profit1\u00a0reached\u00a0\u20ac17.5 million (vs. \u20ac10.3 million in the first half of 2020), i.e. an increase2\u00a0in profitability to 3.9% (up 180 bp). The business in the first half of 2021 generated a\u00a0\u20ac446 million revenue, down 7.5%<\/li>\n<\/ul>\n<p>Globally, the group posted revenues of \u20ac1,239 million in the first half of 2021, up 1.7% on a like-for-like basis. This performance was achieved in spite of a backdrop of supply and procurement disruptions, which resulted in late deliveries that impacted some activities.<\/p>\n<p>Group Recurring Operating Profit1\u00a0(ROP) rose significantly to\u00a0\u20ac62.3\u00a0million\u00a0compared with \u20ac44.6 million over the same period in 2020 (up 40%)\u00a0and \u20ac41.1\u00a0million over the same period in 2019 (up 52%). Profitability improved across all business segments, reaping the full benefit of rising business margins and of the cost-cutting programs launched as of 2019.<\/p>\n<p>Non-recurring net expenses\u00a0fell sharply to \u20ac7.6 million (vs. \u20ac23.6 million in H1 2020), owing to completion of the transformation plan.<\/p>\n<p>As a result, in H1.21, Net Profit\u00a0from continuing operations hit \u20ac31.3 million vs. \u20ac5.8 million in H1 2020.<\/p>\n<p>After factoring in the result of discontinued operations, Net consolidated profit for the period amounts\u00a0to \u20ac30.1 million vs. \u20ac22.1 million in H1 2020. For the record, the \u20ac22.1 million included some \u20ac19\u00a0million of net capital gains on the disposal of discontinued operations.<\/p>\n<p>Resumption of the external growth policy with the acquisition of Trams<\/p>\n<p>Bolstered by a strengthened financial structure and sharply lower operating costs, the Econocom Group has, in 2021, resumed an ambitious segment- and country-based acquisition policy. Targeting companies selectively is part and parcel of the Group&#8217;s development strategy in geographical areas where it already has a strong presence, with the goal of accelerating synergies between its various business segments.<\/p>\n<p>Econocom is set to speed up acquisitions in its\u00a0<strong>Services\u00a0<\/strong>business in France, in its\u00a0<strong>Products &amp; Solutions\u00a0<\/strong>business in the UK and Spain, and in its\u00a0<strong>Technology Management &amp; Financing\u00a0<\/strong>(TMF) business in France and Germany.<\/p>\n<p>In this context, Econocom announces that it has acquired a majority stake in Trams Ltd in the United Kingdom on 20 July 2021. Established in 1990, Trams is a recognized player in IT distribution in the UK thanks to its having entered into key partnerships with Apple, HP, Lenovo and Dell. This alliance with Trams, which will expand the group&#8217;s footprint in a core target country, fits in perfectly with the group&#8217;s strategy of building an attractive global offering around distribution. This will also foster strong complementarities with TMF&#8217;s digital asset financing solutions. Trams employs 40 people based in London, and had a turnover of \u00a342 million in 2020.<\/p>\n<p>Outlook:<\/p>\n<p>The group has full confidence in its ability to deliver sustained and long-lasting growth going forward. In September, it will present to the financial community the specifics of its main areas of development for 2022.<\/p>\n<p>Next publication: information meeting on H1 2021 results and business outlook on September 2, 2021.<\/p>\n<p>&nbsp;<\/p>\n<p>The Link to our website: <a href=\"https:\/\/www.econocom.de\/news\/pressemitteilungen\/starke-steigerung-des-halbjahresergebnisses-2021-wiederaufnahme-der\">News &amp; Magazin : Starke Steigerung des Halbjahresergebnisses 2021 &#8211; Wiederaufnahme der Akquisitionsoffensive | econocom<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robust half-year 2021 performance Recurring Operating Profit (ROP)1\u00a0increasing2\u00a0to\u00a0\u20ac62.3 million\u00a0(up 40%) and operating profitability reaching 5.0% (up 140 bp) Net Profit from continued operations at\u00a0\u20ac31.3 million versus \u20ac5.8 million in first half\u00a0of 2020 A 1.7%2\u00a0increase in revenue driven by the good growth dynamics of the Digital Services and Solutions segment (up 7.7%2), accounting for two-thirds of [&hellip;]<\/p>\n","protected":false},"author":2652,"featured_media":714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29,25],"tags":[],"class_list":["post-710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communications","category-gerpl"],"acf":[],"_links":{"self":[{"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/710","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\/2652"}],"replies":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/comments?post=710"}],"version-history":[{"count":1,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/710\/revisions"}],"predecessor-version":[{"id":712,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/posts\/710\/revisions\/712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/media\/714"}],"wp:attachment":[{"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/media?parent=710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/categories?post=710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/gerpl\/wp-json\/wp\/v2\/tags?post=710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}