Econocom : Q3 organic growth beats forecasts. Guidance for growth reiterated
>Organic growth beat our forecasts in Q3, driven by TMF - Yesterday after trading, Econocom published Q3 2024 revenue of € 606m, representing an organic increase of c.6.1% y-o-y, marking a sharp acceleration vs Q2 2024 (c.3.3%. y-o-y ). This performance was well above our forecasts (ODDO BHF: +1.7% org. in Q3), primarily driven by very robust growth at the TMF division of c.18.0% y-o-y in Q3, (ODDO BHF: +3.0% est. org. y-o-y), thanks to the recruitment drive for a nu...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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