Econocom : Strong growth in Q2, but mixed H2 outlook and rising debt
>Double-digit organic growth in Q2, well above our expectations - Econocom reported its H1 2022 results on Tuesday after trading and held a presentation meeting yesterday. H1 2022 revenue came in at € 1,240m, representing organic growth of 9% yoy. This reflects organic growth of c.14% yoy in Q2, a clear acceleration compared with the previous quarter (+3% organic in Q1 2022) and was significantly above our expectations (ODDO BHF: +2.2% yoy). The performance was driven...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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