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IT

Econocom meets FY target for higher operating profit on stable sales

Monday 27 January 2020 | 09:58 CET | News
Econocom announced stable revenues for 2019 of EUR 2.927 billion. On an organic basis, revenue from ongoing operations was down slightly, by 0.8 percent. This was due largely to lower revenue at its unit TMF Italy; excluding this, group revenue grew 4.5 percent. Econocom said it expects recurring operating profit up around 13 percent for the year, at EUR 126 million, thanks to cost-cutting efforts.

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Categories: IT
Companies: Econocom
Countries: Western Europe
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