ECONOCOM GROUP : 2012 first quarter revenue
04/17/2012| 12:16pm US/Eastern
17 APRIL, 2012
QUARTERLY REVENUE: €357 million
AN ENCOURAGING START TO THE YEAR
Econocom, the European leader in business-to-business ICT
infrastructure management, reported a good 1st quarter with
revenue of €357 million compared with €350 million in Q1
2011. Organic growth stood at 2% on last year, which is all
the more encouraging in light of the fact that the group
continued to relinquish its non-strategic activities
during the first quarter, as previously announced.
Growth for the group in the 1st quarter came from two regions
& Eastern Europe and Southern Europe, whilst business
remained stable on the whole in France and Benelux.
The acquisition in this quarter of a 40% stake in Belgian
company Centix, which specialises in server and desktop
virtualisation solutions, has already resulted in several
contracts being signed.
Annual targets confirmed
Whilst remaining wary of the uncertain macroeconomic climate,
Econocom remains confident for the year ahead,
maintaining its annual guidance, i.e. a slight
rise in revenue, recurring operating profit in excess
of €70 million and net earnings per share of almost €2.
The preliminary half-year revenue will be published after the
close of trading on Tuesday,
24 July, 2012.
About Econocom: Established in 17 countries with 3,700
employees and consolidated revenue of €1.58 billion in 2011,
Econocom is Europe's leading independent provider of
business-to-business IT and telecoms infrastructure
Its services include consultancy, distribution, financing and
a complete range of IT outsourcing services.
The Econocom Group share (BE0003563716 - ECONB) has been
listed on the Euronext NYSE in Brussels since 1986 and is
part of the BelMid index.
For further information: www.econocom.com Follow us on
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