Econocom Group Reports First Half 2024 Earnings

Econocom Group (EBR:ECONB) First Half 2024 Results

Key Financial Results

• Revenue: €1.34b (flat on 1H 2023).
• Net income: €17.4m (down 18% from 1H 2023).
• Profit margin: 1.3% (down from 1.6% in 1H 2023).

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

Econocom Group Earnings Insights

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Europe.

Performance of the market in Belgium.

The company's shares are down 7.7% from a week ago.

Valuation

Our analysis of Econocom Group based on 6 different valuation metrics shows it might be undervalued. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com