Econocom continues its strong profitable growth dynamic – preliminary results at 30 June 2016
Continuing the profitable growth trend
Revenue in excess of €1.2 billion, an 8% increase
In the first half of 2016, Econocom reported revenue of €1,212 million compared with €1,122 million for the same period in 2015, i.e. an 8% rise, 5% of which is organic. This growth dynamic was supported by all the group’s business lines and confirms the relevance of the group’s original positioning deriving from its distinctive capabilities for managing and financing major digital projects based on use. The group has also benefited from selective investments in sectors with high growth potential: security, web and mobile apps, digital solutions charged as a fee, and digital transformation consulting.
Recurring operating profit amounts to €53 million, a 22% rise
Recurring operating profit increased more than twice as much as revenue, driven by the improvement in operational profitability of the Services division and the good performance of the Technology Management and Financing business.
Stepping up business synergies
The strong synergies resulting from the complementary nature of the group’s three activities boosted organic growth and contributed to the increase in operational profitability in the first half. Sales of multi-business line solutions continued to post double-digit growth.
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