Econocom : H1 results better than expected and a positive message on H2
>Improvement in TMF in Q2 - Econocom published its definitive Q2/H1 2020 results yesterday evening, confirming the good numbers announced in advance on 10 July. As announced, H1 sales came out at € 1,240m, down 12.5%. The decline in activity growth thus remained significant in Q2, in line overall with Q1. The trends differ by division, however: after a very difficult Q1 (-16.2% y/y), TMF activity saw a reduction in the fall in growth in Q2 (-11.7%). Conversely, the DS...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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