Econocom Group Full Year 2024 Earnings: EPS: €0.22 (vs €0.34 in FY 2023)

Econocom Group (EBR:ECONB) Full Year 2024 Results

Key Financial Results

• Revenue: €2.74b (up 2.3% from FY 2023).
• Net income: €38.4m (down 36% from FY 2023).
• Profit margin: 1.4% (down from 2.3% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: €0.22 (down from €0.34 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Econocom Group Earnings Insights

The primary driver behind last 12 months revenue was the Products & Solutions segment contributing a total revenue of €1.21b (44% of total revenue). Notably, cost of sales worth €2.63b amounted to 96% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €49.7m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ECONB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the IT industry in Europe.

Performance of the market in Belgium.

The company's shares are up 2.0% from a week ago.

Valuation

Our analysis of these results suggests Econocom Group may be undervalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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