Econocom achieves its targets and completes its Mutation plan in a successful 2017. A further double-digit rise in recurring operating profit and revenue confirms its profitable growth profile

press releases
published on 02/26/2018 - 18:02

2017 results Confirmed

• Sharp increase in revenue to €2,980 million (up 17.5%)

Organic growth, which accelerated in the second half, stands at 11.2%, supported by all the group’s activities

Recurring operating profit rose 10.1% to €154.4 million

• Recurring net profit attributable to owners of the parent increased 13.8% and recurring earnings per share attributable to owners of the parent stood at €0.41 (after the share-split), up 5.4%

Equity increased to €483 million, due notably to the ORNANE bond conversion

• A year of investments: over €160 million invested in CAPEX, M&As (7 targeted transactions) and in the internal refinancing company (EDFL)

• Net debt stands at €279 million, i.e. 1.5x EBITDA.

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