Econocom posts small increase in underlying FY profit after 11% drop in sales

Monday 25 January 2021 | 08:57 CET | News
Belgian ICT services provider Econocom reported annual revenue of EUR 2.56 billion, down 11.3 percent from a year earlier. Recurring operating profit was slightly higher than in 2019, at EUR 122.5 million on a like-for-like basis, thanks to the cost-cutting programme started in 2019, improved services margins and a focus on high-value projects.

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Categories: IT
Companies: Econocom
Countries: Belgium
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