Econocom: confirms 3%-5% sales growth target.

(CercleFinance.com) - Econocom has posted Q1 2024 sales of E634m, up 2.
6%. It benefited from continued strong growth in the Technology Management & Financing (TMF) business, a gradual recovery in Products & Solutions and a good performance in Services.

The Technology Management & Financing (TMF) business posted sales of E207m, up 10.6%, of which 10.2% was organic. Products & Solutions (P&S) sales came to E305m, down 2.5% (-2.6% organic).

Services sales rose by 3.2% (total and organic) to E122m, in particular driven by Spain and France.

The group confirms its annual sales growth target of between 3% and 5%, benefiting in particular from a digital asset distribution market expected to grow from H2.


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