Econocom : Major warning post H1 18. Too many uncertainties short term. Neutral vs. Buy
>H1 18 hard hit by TMF - Econocom pre-announced yesterday after the market a disappointing set of H1 18 earnings and announced a major warning on its FY 2018 results. H1 18 recurring operating profit is expected to be € 33m, down -43% y/y and, importantly, well short of market expectations (Oddo: € 58m and consensus at c. € 57m). This gap of €25m with our expectations stems mainly from the TMF business (leasing) with two key negative factors: Weak organic ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.