Econocom Group (ECONB) Q1 2025 TU earnings summary

Executive summary

• Revenue for Q1 2025 reached €663.3 million, up 4.5% year-over-year, with 3.8% organic growth, reflecting a solid start to the year and continued commercial momentum.

• Growth was mainly driven by the Technology Management & Financing (TMF) segment, while Products & Solutions (P&S) faced headwinds from a cautious European market.

• The company continues to pursue its One Econocom strategic plan, focusing on targeted acquisitions and divestment of non-core units.

Financial highlights

• Group revenue increased to €663.3 million in Q1 2025 from €634.9 million in Q1 2024, a 4.5% rise on a reported basis.

• Organic growth for the quarter was 3.8%, compared to 2.6% in Q1 2024.

• TMF revenue rose 16.7% to €241.0 million; Services revenue grew 7.0% to €130.5 million; P&S revenue declined 4.7% to €291.8 million.

Outlook and guidance

• Econocom confirmed its growth ambition for 2025, expecting growth to exceed the 3.6% achieved in 2024, despite ongoing global uncertainties.