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IT

Econocom 9-mth sales fall 12.5% after little improvement in Q3

Friday 23 October 2020 | 10:22 CET | News
Econocom reported revenues for the first nine months of 2020 down 12.5 percent year-on-year on a comparable basis to EUR 1.825 billion. Despite hopes in early September of an improvement in the second half, the company said the Covid-19 crisis and related crisis continued to weigh on results. It still aims to maintain the same level of underlying operating profit this year, supported by cost-cutting and more selective contracts, but has decided to delay its strategy update planned for February 2021 by six months. 

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Categories: IT
Companies: Econocom
Countries: Europe
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