Continued growth in Q3 2024

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published on 10/21/2024 - 18:31

Econocom reported growth, with revenue of €1,941 million, up 4.0% for the first nine months of the year (compared with a 3.0% increase in H1 2024), driven by the TMF business.

For the first nine months of 2024, the Group’s businesses reported the following performances:

  • Technology Management & Financing (TMF): revenue totalled €721 million, representing total growth of 9.7%, reaping the benefits of business investments made in the past few half-years.

  • Products & Solutions (P&S): standing at €861 million, revenue was flat compared with Q3 2023, amid bleak market conditions and a drop in public contracts in France.

  • Services: revenue amounted to €359 million, up 2.9% compared with a 1.2% rise in H1 2024.

End-of-year outlook

Econocom maintains its 2024 guidance (revenue growth of between 3 and 5%), despite difficult conditions in the IT distribution market, particularly in France.

Next publication: 2024 full-year results on Thursday 13 February 2025 after close of trading

Econocom will post its 2025 financial information publication schedule on the company website by the end of the year.

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