Econocom : H1 2020 results better than expected and deleveraging underway
>Q2 broadly in line with Q1, with a better performance from TMF - Econocom pre-announced its H1 2020 results after trading on Friday, with better-than-expected figures, as presaged by the initial indications given on the sidelines of the EBC disposal on 30 June.H1 2020 revenues came in at € 1.24bn, down -12.5% on constant scope, which implies negative growth of around -13% in Q2. This is a slightly sharper drop than in Q1 (-11.5%), with a worsening performance in...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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