Econocom : A new savings plan but no growth recovery
>The quality of H1 2019 results is debatable - Econocom's full and definitive H1 2019 results were reported after trading on Wednesday, followed by a meeting yesterday morning. Most of the data had already been released (revenues, adjusted operating profit and net debt) in July, but a detailed inspection of the accounts emphasises the debatable quality of these results, on several counts:The operating profit of € 40m was generated partly thanks to the deconsolida...Econocom Group specializes in the management of IT and telecom infrastructures for businesses throughout Europe, U.S. and China. Co. designs and implements products and services for SMEs, corporations or public authorities. It operates through four complementary businesses: IT products and solutions, distributed infrastructures (outsourcing, maintenance and consulting), telecom services and administrative and financial management of ICT assets. Co.'s business segments are as follows: IT Financial Services; Managed Services; Products and Solutions; and Telecom Services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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