Actusnews Wire - Diffuseur professionnel d'information corporate et réglementée, autorisé par l'AMF et le CSSF.

  Communiqué de la société ECONOCOM du 29/06/2022

  29/06/2022 - 19:30

Econocom gives details about the acquisition of Semic SA in Spain and its quarterly Revenue on a pro forma basis

Press release, 29 june 2022

Econocom gives details about the acquisition of Semic SA in Spain and its quarterly Revenue on a pro forma basis1

Following questions from financial analysts about Econocom's acquisition of Semic, announced on 28 June 2022, the Group would like to share the following clarifications:

  • In 2021, Semic reported an EBITDA of around €2m
  • 51% of its shares have been acquired; the company has been consolidated since 1 April 2022
  • The balance will be the subject of a second tranche in March 2025

Econocom would also like to underline that after some entities were reclassified as discontinued operations, its Q1 2021 Revenue by business line on a pro forma1 basis is as follows:

Revenue (millions of euros) Q1 2021
pro forma1
Q1 2022
Products & Solutions 222.7 239.5
Services 133.3 128.5
Technology Management & Financing (TMF) 171.1 175.9
Group total 527.0 543.9

Econocom Revenue has been supported by TMF's upturn, by a solid performance from Products & Solutions and by the incorporation of recent acquisitions, so the Group expects sustained growth2 in H1 2022 Revenue, above its target of 4–5% for the year 2022.

Given the good trend in H1 2022 business activity, the Group expects its Recurring Net Profit per share to be at least €0.50 for the year 2022.

Next publication: 2022 half-year results on 26 July 2022 after market close.

1 Based on unchanging norms and scope

2 Based on unchanging norms


Econocom is a digital general contractor. It conceives, finances and facilitates the digital transformation of large firms and public organisations. It has forty-nine years' experience and is the only market player offering versatile expertise through a combination of project financing, equipment distribution and digital services. The group operates in sixteen countries, with over 8,200 employees. It made €2,505m in revenue in 2021. Econocom is listed on Euronext in Brussels, on the BEL Mid and Family Business indexes.


Follow us on Twitter 

Investor and shareholder relations contact:

Press relations contact:

Agency contact: +33 (0)1 80 81 50 01

Cette publication dispose du service " 🔒 Actusnews SECURITY MASTER ".
- SECURITY MASTER Key : nWudYppvlWmZlmxxk55mbGNnl2plk2edmWaZxWdqZJrKb29lym+TmpSdZnBml2hs
- Pour contrôler cette clé :

  Original Source : ECONOCOM