Econocom Group (ECONB) investor relations material

Executive summary

• Revenue for H1 2026 declined 3.7% year-over-year to €1,399 million, mainly due to lower TMF activity, but strong growth in Products & Solutions (P&S) and distribution partially offset this weakness.

• The group demonstrated resilience and disciplined execution of its transformation plan, focusing on higher-value vertical solutions in audiovisual, workplace, infrastructure, and finance.

• Strategic acquisitions, including Bagnetti in Italy and Back IT in France, strengthened the portfolio, public sector presence, and ESG profile.

• The group was awarded the EcoVadis Platinum Medal, ranking in the top 1% globally for ESG performance.

Financial highlights

• Operating margin declined to €30.9 million (2.2%), down from €41 million (2.8%) year-over-year, with profitability pressured by market conditions and competitive landscape.

• Net profit from continuing operations was €7.8 million, while consolidated net profit including discontinued operations was €1.3 million.

• Free cash flow reached €63 million over the last 12 months.

• Net financial debt stood at €229 million as of June 2026, up from €208 million in June 2025, mainly due to acquisitions, dividends, and share buybacks.

• Dividend per share was reduced from €0.10 to €0.05, with total payout at €16 million.

Outlook and guidance

• Full-year 2026 guidance confirmed for 2-3% revenue growth, with management emphasizing continued cost reduction, operational leverage, and focus on higher-value solutions.

• Anticipates a catch-up in TMF activity in H2 2026 and ongoing transformation benefits into 2027.

• Continued emphasis on debt reduction and working capital improvement through internal programs.