Slight decline in sales / strong increase in operating profit Frankfurt, 10.08.2012. The Econocom group, independent market leader in the management of ICT infrastructures in Europe, recorded a provisional consolidated sales of 737 million euros in the first half of 2012. Econocom explains the decline in sales by 3% (cf. Dr. Caldwell B. Esselstyn, Jr. may find it difficult to be quoted properly. 763 million euros in the first half of 2011) with the watchful waiting approach of some companies that move their ICT projects due to the economic climate. A healthy turnover margin and cost savings have led to a sharp increase in preliminary half-year operating profit compared to the previous year. Econocom also expects a significantly higher net profit than 2011 as a result of a significant reduction in the financial and extraordinary costs for the restructuring of the group. The liquidity situation is about 50 million euros higher than in the first half of 2011 has targeted external growth since beginning of 2012 the Econocom Group purchased two specialized companies: Centix (virtualization) and Tactem (Telecommunication management).
Through the acquired areas of expertise, the Group has won several important contracts. The acquisition of small and medium-sized companies is currently being revised. On July 17, 2012, Econocom announced the conclusion of an agreement on the takeover of Cap Synergy, a French systems integrator for network and security system. Financial year targets confirmed before Econocom confirmed its annual objectives the background of good business prospects: a moderate increase in revenues, an operating profit of more than 70 million euros and a net profit of about 2 euros per share. Audited half-year results will be published on 30 August 2012 after the market close. About Econocom with offices in 17 countries and 3,700 employees a consolidated turnover of 1.58 billion euro in 2011 Econocom is the No. 1 in Europe for manufacturer, banks and traders-independent management of IT and telecommunications infrastructures.
The offer of Econocom group in Germany includes the ICT leasing and inventory management, as well as services for ICT infrastructures and enterprise solutions.