Econocom : H1 results solid overall with a FCF well above expectations. 2024 guidance reiterated
>Organic growth a shade below expectations. Very solid FCF - Econocom reported its H1 2024 results after market close yesterday. H1 sales came in at €1,335m, with organic growth of 2.9% y-o-y implying an acceleration in organic growth to c.3.2% y-o-y compared with Q1 (vs +2.4% org. in Q1) but slightly below our expectations (4.0% org. y-o-y). This acceleration was driven by all divisions, and in particular by the surprise resumption of growth at P&S (c.5.4% y-o-y in Q...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.