Econocom posts solid 2025 results with €2.9bn revenue

Econocom Group reported resilient full-year 2025 results, delivering revenue growth and a higher operating margin despite an uncertain macroeconomic backdrop and a constrained tech market. The performance reflects continued progress in the execution of the group’s “One Econocom” transformation plan, with momentum across key business lines and geographies.

Group revenue reached €2.923 billion, up 4.3% year on year, including 2.7% organic growth, driven by strong activity in Technology Management & Financing (TMF) and Products & Solutions (P&S), as well as solid momentum in Southern Europe and Germany. Operating margin increased to €118.1 million, with profitability stable at 4.0%, even as the group continued to invest in its transformation.

Profit from continuing operations jumped 42.5% to €53.2 million, reflecting improved operational performance. Consolidated net income stood at €6.4 million, impacted by exceptional non-recurring and non-cash items linked to the exit of residual software editor activities as Econocom sharpened its focus on its core businesses. Net financial debt was sharply reduced to €36 million at year-end 2025, from €96 million a year earlier, supported by €142 million in free cash flow over the past 12 months.

“2025 was an important year for Econocom in a challenging economic environment and a rapidly evolving tech market,” said M. Angel Benguigui, CEO of Econocom Group.

“Our results confirm the relevance of our strategic plan and our model: revenue growth, operating margin increase, strengthened commercial organisation, and more synergies within the group. In 2026, our priorities are organic growth, margin improvement, investments in AI, and cash-flow generation.”

Technology Management & Financing (TMF) posted revenue of €1.127 billion, up 4.7%, including the contribution of bb-net from January 2025. Operating margin rose sharply to €60 million from €47 million in 2024, benefiting from growth and efficiency gains.

Products & Solutions (P&S) returned to growth, with revenue of €1.271 billion, up 5.3%, supported by a strong second half and audiovisual acquisitions. Operating margin reached €34 million, reflecting competitive pressure in distribution markets.

Services delivered revenue of €526 million, up 1.1%, with operating margin stable at €25 million, influenced by its exposure to France and Belgium.

Operationally, Econocom continued to roll out the One Econocom plan, strengthening its sales model around four strategic verticals (Workplace, Audiovisual, Infrastructure and Financing Solutions) and consolidating its leadership in audiovisual integration following a series of targeted acquisitions. The Audiovisual Solutions platform now represents more than €300 million in annual revenue and employs 750 specialists across Europe.

In the first half of 2025, Econocom reinforced its financial structure with a €225 million Schuldschein private placement, broadening its investor base and supporting the funding of its strategic plan.

While the group reaffirmed its long-term strategic ambition, it deferred the horizon of its 2028 quantitative targets in light of market conditions, required investments in AI, and a selective approach to external growth. For 2026–2028, Econocom now expects annual revenue growth of 2% to 3%, broadly in line with market trends.

Econocom continued to advance its ESG roadmap in 2025, improving its EcoVadis score to 76/100, confirming its leading position, while its subsidiary Econocom Factory achieved a Platinum EcoVadis rating (83/100), placing it in the top 1% of companies globally.

During the year, the group refurbished or recycled around 750,000 IT devices, reinforcing its role as a major European player in IT reconditioning. The launch of a CO₂ calculator in partnership with Greenly further strengthens its ability to support customers in managing and reducing their digital carbon footprint.