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Econocom Group (ECONB) investor relations material
Econocom Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 4.3% revenue growth in 2025 to €2,923 million, with 2.7% organic growth, driven by Technology Management & Financing and Products & Solutions, especially in Southern Europe and Germany.
Strategic focus on organic growth, profitability, and transformation around four verticals: workplace, audiovisual, infrastructure/networks/security, and financing solutions, under the One Econocom plan.
Audiovisual segment expanded to over €300 million revenue and 750 employees, now the largest in Europe.
Strengthened sales force with over 20% net increase since 2024, including 88 net new hires over 2024-2025.
Major transformation of central support functions and ongoing recruitment across all levels.
Financial highlights
Revenue rose to €2,923.3 million in 2025, up 4.3% year-over-year, with €33 million from new audiovisual acquisitions and €20 million from bb-net.
Operating margin increased to €118.1 million (4.0% of revenue), up from €110.5 million, with stable profitability.
Net profit from continuing operations rose 42.5% to €53.2 million, but net profit for the period was €6.4 million due to exceptional items and write-offs.
Free cash flow reached €142 million, supported by €86 million improvement in working capital.
Net financial debt reduced to €36 million by year-end 2025, with over €500 million in treasury.
Outlook and guidance
Guidance for 2026–2028 targets 2–3% annual revenue growth, mainly organic, with limited acquisitions expected.
2026 priorities include operational efficiency, margin improvement, AI investments, and cash flow generation.
Prudent revenue outlook due to challenging distribution market and rising prices.
Dividend halved to €0.05 per share for 2025 to preserve cash, with future payouts dependent on results.
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