Econocom : Momentum set to continue to improve
>Good-quality FCF in H1 2020 - Econocom had already reported its full H1 2020 results last July. The presentation meeting was mainly an opportunity to go into more detail, notably on: FCF: though in negative territory, as usual in H1, FCF in H1 2020 (-€ 127m) was broadly good quality in that it includes € 44m of investment in TMF which should be refinanced in H2. WC is under control, with an increase of “just†€ 88m (vs € 133m in H1 2019), without recourse to cos...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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