Report
Nicolas David ...
  • Salma Bouraoui

Econocom : Warning significatif post S1 2018. Trop de doutes à court terme. Neutre vs Achat

>Un S1 2018 très négativement impacté par TMF - Econocom a pre-annoncé hier après Bourse un atterrissage de résultats S1 2018 décevant et annoncé un warning significatif sur ses résultats FY 2018. Le ROC S1 2018 devrait ressortir à 33 M€, en baisse de 43% y/y et, surtout, significativement en dessous des attentes du marché (Oddo : 58 M€ et Consensus à c. 57 M€). Cet écart de 25 M€ avec nos attentes s’explique principalement par l’activité TMF (leasing) avec deux ...
Underlying
Econocom Group SE Class D

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

Salma Bouraoui

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