Edition:
India

Econocom Group SE (ECONB.BR)

ECONB.BR on Brussels Stock Exchange

2.46EUR
24 Sep 2020
Change (% chg)

€-0.08 (-3.14%)
Prev Close
€2.55
Open
€2.60
Day's High
€2.60
Day's Low
€2.44
Volume
99,244
Avg. Vol
243,614
52-wk High
€2.88
52-wk Low
€1.37

Latest Key Developments (Source: Significant Developments)

Econocom Group Sees Revenue Growth Of 5%-10% In 2021
Thursday, 10 Sep 2020 

Sept 10 (Reuters) - Econocom Group SE ::ECONOCOM GROUP SE SEES OPERATIONAL PROFITABILITY GROWTH TO CONTINUE IN 2020.ECONOCOM GROUP SE EXPECTS REOPENING OF GROWTH CYCLE FROM 2021.SEES REVENUE GROWTH OF 5%-10% IN 2021.IN 2020, THE GROUP WILL CONTINUE ITS DEBT REDUCTION MEASURES AIMED AT REDUCING ITS NET DEBT BOOK TO ZERO.OUTLOOK: BY THE END OF THE YEAR, ECONOCOM WILL BE READY TO EMBARK ON A NEW CYCLE OF SUSTAINABLE GROWTH FOR EACH OF ITS BUSINESSES.  Full Article

Econocom Group Eyes Gradual Business Recovery In H2
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Econocom Group SE ::H1 REVENUE EUR 1.24 BILLION, DOWN BY 12.5%.OUTLOOK: ANTICIPATES A GRADUAL RECOVERY OF ITS BUSINESS IN THE SECOND HALF OF THE YEAR.OUTLOOK: GROUP IS FULLY CONFIDENT IN ITS ABILITY TO RETURN TO SUSTAINABLE GROWTH AS OF 2021.TO PRESENT IN SEPTEMBER ITS MAIN AREAS OF DEVELOPMENT AND ITS COI OBJECTIVES FOR 2020 AND 2021.NET DEBT DOWN BY MORE THAN 100 MILLION EUROS COMPARED TO 30 JUNE 2019.H1 CONSOLIDATED NET INCOME OF €22.1 MILLION (VERSUS. €5.2 MILLION AT END-JUNE 2019).  Full Article

Econocom Group Sees H1 Revenue Better Than Initially Expected
Wednesday, 1 Jul 2020 

July 1 - ECONOCOM GROUP SE ::REPORTED ON TUESDAY H1 2020 REVENUE WILL BE BETTER THAN INITIALLY EXPECTED AT THE BEGINNING OF COVID-19 PANDEMIC.H1 2020 WILL REMAIN LOWER COMPARED TO H1 2019 REVENUE.ANTICIPATES H1 RECURRING OPERATING PROFIT (ROP) IN LINE WITH H1 2019.FORECATS A LEVEL OF NET BOOK DEBT LOWER THAN JUNE 30 2019.  Full Article

Econocom: Econocom Italia Announces Capital Injection Of 40 Million Euros
Thursday, 21 May 2020 

May 21 (Reuters) - Econocom Group SE ::ECONOCOM ITALIA ANNOUNCES A CAPITAL INJECTION OF 40 MILLION EURO.  Full Article

Econocom Not To Refund Issue Premiums in 2020
Thursday, 23 Apr 2020 

April 23 (Reuters) - ECONOCOM GROUP SE ::OUTLOOK: H1 2020 UNDER PRESSURE, Q2 REVENUE WILL FEEL EFFECTS ON GLOBAL ECONOMY OF COVID-19 PANDEMIC .ON CORONAVIRUS: CONSEQUENCES OF PANDEMIC HAVE LED TO INCREASE IN OPERATIONS FOR CLIENTS IN HEALTHCARE, RETAIL AND ENERGY SECTORS .PARTICULARLY CAREFUL TO MANAGING ITS LIQUIDITIES AND DEBT AND IS TAKING ADVANTAGE OF FINANCING FACILITIES PROVIDED BY EUROPEAN GOVERNMENTS .DECISION NOT TO REFUND ISSUE PREMIUMS IN 2020 AND TO PUT ON HOLD TREASURY SHARE BUYBACK PROGRAMME AND SALE OF ITS SUBSIDIARY EBC .CONFIRMS ITS AMBITION OF ACHIEVING VIRTUALLY ZERO NET BOOK DEBT.Q1 REVENUE: EUR 596 MILLION (-11.5%).  Full Article

Econocom Group Withdraws Issue Premium Proposal, Announces Sale Of EBC
Friday, 17 Apr 2020 

April 17 (Reuters) - ECONOCOM GROUP SE ::WON'T PROPOSE PAYMENT OF ISSUE PREMIUM OF EUR 0.12 PER SHARE.SIGNATURE OF AGREEMENT FOR SALE OF COMPANY EBC.  Full Article

Econocom International BV cancels Acquisition Of Econocom Group shares
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Econocom Group SE ::CANCELLATION OF THE ACQUISITION OF ECONOCOM SHARES BY ECONOCOM INTERNATIONAL BV.ECONOCOM INTERNATIONAL WAS UNABLE TO RAISE SUCH FINANCING WITHIN TIME LIMIT, DUE IN PARTICULAR TO DEVELOPMENTS IN RECENT DAYS IN CONNECTION WITH COVID-19.IF CONDITIONS ARE MET AGAIN IN THE FUTURE, ECONOCOM INTERNATIONAL ENVISAGES THAT SUCH AN ACQUISITION COULD THEN BE MADE..  Full Article

Econocom Group FY Operating Income Up At 126.2 Million Euros
Wednesday, 11 Mar 2020 

March 11 (Reuters) - ECONOCOM GROUP SE ::FY REVENUE FROM CONTINUING OPERATIONS STABLE AT 2.93 BILLION EUROS.END-DEC NET DEBT AT EUR 252 MILLION, THE SAME LEVEL AS AT THE END OF 2018.FY CURRENT OPERATING INCOME 2019 UP 14.3% TO EUR 126.2M.2019 SALES FROM CONTINUING OPERATIONS STABLE AT 2,927 MILLION EUROS.PROPOSED REFUND OF ISSUE PREMIUM IN THE AMOUNT OF 12 CENTS PER SHARE.FAVOURABLE OUTLOOK FOR 2020 IN UNCERTAIN ENVIRONMENT.COVID-19: IN VIEW OF UNCERTAINTY REGARDING EVOLUTION AND DURATION OF THIS CRISIS, GROUP HAS DECIDED NOT TO PUBLISH QUANTIFIED GUIDANCE FOR RECURRING OPERATING PROFIT (NOT OCR) 2020.AT 29 FEB 2020, EXCLUDING LIQUIDITY CONTRACT, ECONOCOM HELD 26.3 MILLION TREASURY SHARES, I.E. 10.7% OF COMPANY'S SHARE CAPITAL.  Full Article

Econocom Group Says Econocom International BV Buys More Than 5% Of Econocom Group Shares
Monday, 10 Feb 2020 

Feb 10 (Reuters) - Econocom Group SE ::ECONOCOM GROUP SE ACQUISITION BY ECONOCOM INTERNATIONAL BV OF MORE THAN 5% OF ECONOCOM GROUP SE SHARES HELD BY WALTER BUTLER.PARTIES ANTICIPATE FINAL COMPLETION OF TRANSACTION WITHIN APPROXIMATELY 5 WEEKS.THE ACQUISITION IS ONLY CONDITIONAL UPON ECONOCOM INTERNATIONAL BV OBTAINING BANK FINANCING UP TO THE AMOUNT OF THE PURCHASE PRICE.PURCHASE PRICE AMOUNTS TO 3 EUROS PER ECONOCOM GROUP SE SHARE.  Full Article

Econocom Announces The Departure Of Its Deputy CEO
Friday, 29 Nov 2019 

Nov 29 (Reuters) - ECONOCOM GROUP SE ::ECONOCOM ANNOUNCES THE DEPARTURE OF ITS DEPUTY CEO.  Full Article