Econocom reported growth, with revenue of âŹ1,941 million, up 4.0% for the first nine months of the year (compared with a 3.0% increase in H1 2024), driven by the TMF business.
For the first nine months of 2024, the Groupâs businesses reported the following performances: Â
- Technology Management & Financing (TMF): revenue totalled âŹ721 million, representing total growth of 7%, reaping the benefits of business investments made in the past few half-years.
- Products & Solutions (P&S): standing at âŹ861 million, revenue was flat compared with Q3 2023, amid bleak market conditions and a drop in public contracts in France.
- Services: revenue amounted to âŹ359 million, up 9% compared with a 1.2% rise in H1 2024.
End-of-year outlook
Econocom maintains its 2024 guidance (revenue growth of between 3 and 5%), despite difficult conditions in the IT distribution market, particularly in France.
Next publication: 2024 full-year results on Thursday 13 February 2025 after close of trading
Econocom will post its 2025 financial information publication schedule on the company website by the end of the year.