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Nine-month 2021 revenue stable Q3 2021 upswing in TMF business

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Business resilience over the first nine months of 2021

Econocom Group generated revenue of €1,800 million for the first nine months of 2021, virtually flat (-0.3%1) compared to the same period last year. 

As expected, Q3 2021 business continued to be impacted by global supply-chain problems affecting certain components used in the production of digital assets.

Over the period, the following developments took place:

  • Services posted revenue of €393 million, up 1.0%1. Growth was primarily driven by Managed Services (+3.7%), albeit curbed by a challenging base of comparison in two subsidiaries. The segment is pursuing its selective policy targeting high value-added contracts while leveraging corporate demand for support in digital projects.
  • Outlook 

    Benefiting from favourable market trends, the Group intends to pursue its development by focusing on its targeted acquisition policy in order to strengthen its presence in certain regions and promote synergies between the various business lines. The Group will strive to adapt to the changing supply situation in order to meet demand as far as possible.

    Next publication: annual revenue 2021

    Econocom will post its 2022 financial information publication schedule on the company website by the end of the year.

    .[1]Like-for-like at constant consolidation scope and accounting standards



End of the Sustainable Development Week and the Cyber CleanUp Week challenge!

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The objective was ambitious and we would like to thank each of you for your participation and involvement in this action.

As a responsible digital entrepreneur, Econocom wants to go further! In order to reach the final objective of offsetting the emission of 110 tons of CO2, Econocom is committed alongside our partner Climate Partner. How can we do this? Through a reforestation project! No less than 55 trees will be planted in Germany and 3,000 trees in Brazil in order to allow Econocom to compensate the additional 55 tons of CO2.

Of course, your actions should not stop with the end of the challenge. We count on you to continue to act in all your daily gestures.



Strong Q1 2021 revenue growth

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Strong Q1 2021 revenue growth:

  • Organic revenue growth of 4.7%1 to €614 million, driven by strong momentum in Products & Solutions

 

Econocom Group generated revenue of €614 million for the first quarter of 2021, up1 4.7% compared with the first quarter of the previous year. 

In line with the improvement observed in the fourth quarter of 2020, and despite the persisting effects of the pandemic early in the year, the return to growth in the first quarter of 2021 bears witness to the resilience of Econocom’s business model and backs up the assumption of a recovery in all Group’s businesses in 2021. 

Q1 2021 sustained revenue growth breaks down as follows:

  • 1 just 3.5%. In this segment, Econocom continues to develop new areas of growth, both in France and internationally, with a clearly growing order backlog.

 

Outlook: return to sustainable growth cycle

On the strength of this positive first quarter, Econocom confirms its growth target for 2021 and anticipates that the year will mark the start of a new growth cycle, both organically and through targeted acquisitions.

 

Next publication: H1 2021 revenue release, 22 July 2021 after close of trading.

1 On a like-for-like basis at constant perimeter and for continuing activities



“Strong and Responsible” the new Econocom advertising campaign

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Econocom has launched its new advertising campaign, which you will find attached. This advertising has been used in a French economic newspaper (Les Echos) as well as on internet for generalist, economic & financial websites

This campaign aims to reinforce the group’s visibility and attractiveness by highlighting its financial and extra-financial performance, data that is essential today to convince clients, prospects, talents and investors. This publicity will enable us to communicate the exceptional resilience we have shown in 2020 and to promote our commitments to a responsible, inclusive and circular digital economy.

It sends the message that we are a strong, responsible company whose uniqueness and the way it operates in the market are an expression of its success.

You will find a ready-to-use tools so that everyone can be an ambassador of it (Teams wallpapers, email signature banners, computer wallpapers, LinkedIn visual) in this dedicated page