In 2025, the Econocom group recorded revenues of 2,923 million euros, which represents a growth of 4.3%, of which 2.7% is organic, compared to the 2024 turnover. The evolution by activity was as follows:
• The turnover of Technology Management & Financing (TMF) amounted to 1,127 million euros, with a growth of 4.7%1, including the contribution of bb-net since January 2025. Thanks to this evolution and improvements in operational efficiency, the operating margin increased to 60 million euros, compared to 47 million in 2024.
• Products & Solutions (P&S) returns to the path of growth with revenues of 1,271 million euros, driven by a fairly dynamic second half. Total growth was 5.3%1, supported by the acquisitions of audiovisual companies (2.9% organic growth). The operating margin stood at 34 million euros, impacted by pressure from the distribution market.
• Services, for its part, recorded revenues of 526 million euros, with an increase of 1.1%1, linked to the relative weight of the activity in France and Belgium. The operating margin remained stable at 25 million euros.
According to Angel Benguigui, CEO of the Econocom Group: «2025 has been an important year for Econocom, despite the demanding economic environment we live in and a rapidly evolving technology market. Our results confirm the solidity of our model and the relevance of our strategic plan: we report growth in revenue, improved operating margin, reinforcement of the commercial organization and greater synergies within the group. In 2026, the group’s priorities will be organic growth, improving margins, investing in artificial intelligence and generating cash. Thanks to the quality and commitment of our teams, I am fully confident in our ability to continue advancing in the qualitative execution of the ‘One Econocom’ plan, while adjusting the horizon of our quantitative objectives.
Improved operating margin
In 2025, the Econocom group recorded revenues of 2,923 million euros, which represents a growth of 4.3%1, of which 2.7% is organic, compared to the 2024 turnover. The evolution by activity was as follows:
• The turnover of Technology Management & Financing (TMF) amounted to 1,127 million euros, with a growth of 4.7%1, including the contribution of bb-net since January 2025. Thanks to this evolution and improvements in operational efficiency, the operating margin increased to 60 million euros, compared to 47 million in 2024.
• Products & Solutions (P&S) returns to the path of growth with revenues of 1,271 million euros, driven by a fairly dynamic second half. Total growth was 5.3%1, supported by the acquisitions of audiovisual companies (2.9% organic growth). The operating margin stood at 34 million euros, impacted by pressure from the distribution market.
• Services, for its part, recorded revenues of 526 million euros, with an increase of 1.1%1, linked to the relative weight of the activity in France and Belgium. The operating margin remained stable at 25 million euros.
These results confirm the relevance of the group’s strategy in an uncertain macroeconomic context. Likewise, the group continues to advance in the execution of its One Econocom plan, in particular, through the following lines of action:
• Strengthening the commercial force: through the agent incorporation program and the structuring of the commercial offer around four strategic verticals: Workplace, Audiovisual, Infrastructure and Financing Solutions.
• Formalization of the Econocom Audiovisual Solutions vertical: reinforced by the acquisitions of ICT, Avanzia, ISS AV and the assets of Smartcomm, the group has confirmed its position as the leading audiovisual integrator in Europe, an activity that currently represents annual revenues of more than 300 million euros and has 750 experts.
• Progress in the group’s transformation: evolution of the organization with the aim of improving operational efficiency, in particular through the convergence of tools and investments in artificial intelligence.
After considering the financial result and income tax, the net profit amounts to 53.2 million euros. Econocom has recorded an impairment of the goodwill of Synertrade, a discontinued activity of the group, in the amount of 37 million euros (of which, 27 million euros in the second half). This company is in the process of being sold as a result of the Econocom group’s refocusing on its main activities. The net profit for fiscal year 2025 stands at 6.4 million euros.
Reduction of net financial debt
At the end of December 2025, the group’s net financial debt was reduced to 36 million euros, compared to 96 million euros in December 2024. The free cash flow generated in the last twelve months reached 142 million euros.
In 2026, the group’s priorities will be organic growth, improved margins, investment in AI and cash generation
The Econocom Group strengthened its financial profile through a private Schuldschein issue of €225 million in the first half of 2025, expanding its investment base and supporting the financing of the One Econocom Strategic Plan.
Confirmed strategic ambition and review of the time horizon
Despite the economic and geopolitical context, as well as a tense technological market, the group reaffirms its objectives.
For the years 2026, 2027 and 2028, the group reviews previous forecasts and estimates annual revenue growth of 2% to 3% per year, in line with market forecasts.
Priorities for 2026
• Focus on organic growth, selecting external growth opportunities.
• Deepen the transformation of the group: increase in technological investments, generation of synergies and improvement of operational efficiency to reinforce profitability.
• Rigorous cash flow management and financial discipline to maintain strategic flexibility.
CSR: excellent performance at EcoVadis
Over the past year, Econcoom continued to roll out its ESG roadmap and improved its EcoVadis score by 2 points, reaching 76/100, confirming its leadership position. Its subsidiary Econocom Factory obtained a score of 83/100, which places it in the top 1% of the most advanced companies worldwide. In this way he achieves the EcoVadis Platinum Medal.
Solid company results despite a challenging environment and progress in the group’s transformation
In 2025, the Econocom group reconditioned or recycled approximately 750,000 IT devices (laptops, monitors, servers, tablets and smartphones), through its EcoFactory and bb-net plants, actively contributing to reducing the carbon footprint of digitalization. Nearly a third of the group’s assets are reconditioned in its own facilities, which positions Econocom as a key player in the IT reconditioning sector in Europe.
In addition, Econocom implemented a CO2 calculator, developed together with Greenly, which allows measuring the carbon footprint of activities and their operations; a tool that responds to the corporate ambition to offer its clients real, functional solutions adapted to regulatory requirements and growing market expectations.
The Board of Directors will propose at the next General Meeting the return of 0.05 euros per share charged to the share premium. Considering the share price as of December 31, 2025, this represents a return of 3.0%. Remuneration is scheduled for July 2025 for a total of 8.1 million euros.
