H1 2020 Results: recurring operating profit up, net book debt down

H1 2020 Key Points

  • Revenue at €1,240m, down2 12.5% 
  • Recurring operating profit1 up2 at €43.5m (up 12.4%)
  • Net book debt3 down more than €100m on 30 June 2019
  • Net profit consolidated at €22.1m (versus €5.2m at end-June 2019)

 

1. Before amortisation of intangible assets from acquisitions and after restatement in line with IFRS 5 regarding assets held for sale and discontinued operations
2. Based on unchanging norms and scope
3. Before taking into account debt brought about by application of IFRS 16 to lease contracts (real estate, vehicles, etc.) in which Econocom is the lessee