{"id":1000,"date":"2024-04-19T10:25:40","date_gmt":"2024-04-19T08:25:40","guid":{"rendered":"https:\/\/onelink-dev.econocom.com\/italy\/?p=1000"},"modified":"2024-04-22T11:19:17","modified_gmt":"2024-04-22T09:19:17","slug":"publication-of-q1-2024-revenue","status":"publish","type":"post","link":"https:\/\/onelink-dev.econocom.com\/italy\/2024\/04\/19\/publication-of-q1-2024-revenue\/","title":{"rendered":"Publication of Q1  2024 revenue"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/posts\/1000?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/onelink-dev.econocom.com\/italy\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/posts\/1000?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/onelink-dev.econocom.com\/italy\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p><span style=\"font-size: 18px\"><strong><span style=\"font-family: arial;color: #3e0d81\">Revenue of \u20ac634 million, up<sup>1<\/sup> 2.6%, driven by the continued growth of the finance leasing business (TMF), a gradual recovery of the Products &amp; Solutions business and solid performance by Services<\/span><\/strong><\/span><\/p>\n<p><strong><span style=\"font-family: arial;color: #000000\">During the first three months of 2024, the businesses reported the following performances:<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"font-family: arial;color: #000000\">Technology Management &amp; Financing (TMF) continued to perform well, posting revenue of \u20ac207 million, an increase<sup>1<\/sup> of 10.6%, 10.2% organically, amid a continually tight credit market. Thanks to its flexible, innovative offering that addresses clients\u2019 need for financing of digital or strategic assets, TMF maintains its positive trend after posting strong growth in 2023.<\/span><\/li>\n<li><span style=\"font-family: arial;color: #000000\">Revenue for Products &amp; Solutions (P&amp;S) totalled \u20ac305 million, down<sup>1<\/sup>5% (2.6% organic). Performance in the first quarter varied from country to country but overall posted a notable improvement on H2 2023. Furthermore, the organic decline in P&amp;S during Q1 2024 is in line with trends in the European IT distribution market, which reported decreases of 2% for Workspace solutions and 7% for Infrastructures<sup>3<\/sup>.<\/span><\/li>\n<li><span style=\"font-family: arial;color: #000000\">Services continued its recovery, reporting its fourth consecutive quarter of growth. Revenue for the first quarter was up (total<sup>1<\/sup> and organic<sup>2<\/sup>) 3.2%, standing at \u20ac122 million, driven mainly by Spain and France.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong><span style=\"font-family: arial;color: #000000\">2024 revenue growth guidance confirmed<\/span><\/strong><\/p>\n<p><span style=\"font-family: arial;color: #000000\">After an altogether positive first-quarter performance, the group confirms its annual revenue growth guidance of between 3 and 5%, profiting from an IT asset distribution market expected to grow<sup>3<\/sup> in the second half of 2024.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: arial;color: #0000ff\">Find our more in the press release attached to this article.\u00a0<\/span><\/p>\n<p><span style=\"font-family: arial;color: #000000\"><sup>1 \u00a0<\/sup>At constant standards<\/span><\/p>\n<p><span style=\"font-family: arial;color: #000000\"><sup>2 \u00a0<\/sup>At constant scope and standards<\/span><\/p>\n<p><span style=\"font-family: arial;color: #000000\"><sup>3<\/sup> Context study for beginning of 2024.<\/span><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue of \u20ac634 million, up1 2.6%, driven by the continued growth of the finance leasing business (TMF), a gradual recovery of the Products &amp; Solutions business and solid performance by Services During the first three months of 2024, the businesses reported the following performances: Technology Management &amp; Financing (TMF) continued to perform well, posting revenue [&hellip;]<\/p>\n","protected":false},"author":12627,"featured_media":1001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,29],"tags":[],"class_list":["post-1000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group","category-italy"],"acf":[],"_links":{"self":[{"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/posts\/1000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/users\/12627"}],"replies":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/comments?post=1000"}],"version-history":[{"count":1,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/posts\/1000\/revisions"}],"predecessor-version":[{"id":1003,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/posts\/1000\/revisions\/1003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/media\/1001"}],"wp:attachment":[{"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/media?parent=1000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/categories?post=1000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onelink-dev.econocom.com\/italy\/wp-json\/wp\/v2\/tags?post=1000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}