on ECONOCOM GROUP (EBR:ECONB)
ECONOCOM: A Promising Start to 2025
Econocom Group is entering 2025 on a strong note, posting revenue of €663.3 million, an increase of 4.5% compared to the first quarter of 2024. This growth is mainly driven by the Technology Management & Financing (TMF) sector, which grew by 16.7%, thanks to positive momentum that began in 2023 and was supported by the Southern European market.
On the other hand, the Products & Solutions (P&S) sector recorded a 4.7% drop in turnover, impacted by a wait-and-see European market, while the Services sector, with 130.5 million euros, saw growth of 7.0%, boosted by contracts in Spain.
With the 'One Econocom' strategic plan, the company is continuing its acquisitions while divesting underperforming non-core businesses. Despite the changing global context, the growth outlook for 2025 remains optimistic, exceeding the 3.6% forecast for 2024.
R. P.
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