Econocom : Confirmation of H1 2018 results and 2018 guidance post warning
>Q2 organic growth was decent thanks to TSM. But services flat y-o-y - Econocom reported on Thursday 19 July, after market close, Q2 2018 sales of € 701m, reflecting organic growth of 4.0% y-o-y, ahead of our expectations, which we had revised post-warning (€ 672m, reflecting organic growth of 3.5%), broadly in line with Q1 2018 (+3.5% organic growth y-o-y). The volume of activity appears solid at first glance, but this is mainly due to an M&A contribution that signif...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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