Consolidated revenue for French IT and telecoms
funder Econocom Group totalled €350 million (£306.4 million) at the
end of March 2011 – a 91.3 percent increase compared to Q1
2010.
Having completed the acquisition of ECS Group from
Société Générale in October 2010, Econocom said it spent most of
the first three months of 2011 working on the integration of the
sales, technical and administrative teams of ECS Group. This
integration process has also involved identifying potential
synergies, which are expected to have a “positive impact” of €15
million (£13.1 million) in 2011.
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Describing Q1 2011 as “satisfactory”, Econocom
confirmed its target for the year of consolidated revenue of €1.4
billion (£1.2 billion) for a recurring operating profit of 4
percent.
In the February 2011 edition of Leasing
Life, Econocom chairman Jean-Louis Bouchard, said that in the
next five to 10 years, it will be a challenge to deliver and lease
all types of ICT.
Bouchard was quoted as saying: “People are working
anytime, anywhere. Leasing is rapidly evolving. In the past, we had
computers, now we have intelligent objects – computers in cars, in
printers, in school classrooms.”
claire.hack@vrlfinancialnews.com
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