Econocom : Final FY 2018 results in line and outlook for 2019 confirmed
>FY 2018 results confirmed. Solid FCF but difficult to sustain - On Thursday, Econocom reported its definitive 2018 results, in line with the preliminary figures reported in January 2019. Note that underlying operating profit was € 115m, a shade below the guidance for € 120m due to a deliberate brake on the level of captive EDFL at the TMF business. The very good news in this FY 2018 publication was FCF, which came in at € 70m (vs negative FCF of -€ 30m initially ant...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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