Report
Nicolas David

Econocom : Component shortage catches up with Econocom

>Q3 sales hard hit by component shortages - Econocom yesterday evening reported Q3 2021 sales of € 560m, down c.-4% y-o-y in organic terms whereas we had expected organic growth of +2.7%. This disappointing performance stems mainly from the product & solutions business, which saw sales drop by c.-22% in organic terms in Q3 (ODDO BHF: +5%e) based on our calculations, marking a real downward shift after a successful start to the year (+15% in Q1, +4% in Q2). Econoc...
Underlying
Econocom Group

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

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