Econocom revenue holds at €679m in Q1 2026

Econocom Group has continued its transformation strategy through the first quarter of 2026, navigating a difficult operating environment marked by supply-chain tensions and geopolitical uncertainty.

The company reported revenue of €679 million for the period to 31 March 2026, stable on a reported basis but down 1.9% organically compared with a strong first quarter in 2025. The performance reflects both market challenges and the group’s efforts to adapt through its ongoing “One Econocom” plan.

Chief executive Angel Benguigui said the results demonstrate resilience despite external pressures.

“In an evolving environment marked by supply-chain tensions and the current geopolitical developments, our revenue reflects both the challenges our sector is facing and the resilience of Econocom, thanks to its diversified activities as well as its footprint in Europe’s key geographies,” he said.

“In line with the One Econocom plan, we also further deployed our program to improve margins, especially through higher value-added products, and to increase cash-flow generation.”

Econocom has implemented a range of measures to mitigate the impact, including stabilising supply prices, diversifying suppliers and extending asset lifecycles and leasing periods. The group has also expanded its refurbished equipment offering, notably through the acquisition of Back IT in France.

Performance across the company’s divisions was mixed. Technology Management & Financing posted revenue of €216 million, down 13.7%, reflecting a high comparison base from the previous year. Products & Solutions delivered strong growth of 13.6% to €331 million, supported by customers bringing forward purchases ahead of anticipated shortages and by the contribution from audiovisual acquisitions. Services revenue reached €132 million, down 4.6%, primarily due to planned contract terminations.

Alongside these results, Econocom continued to roll out initiatives aimed at improving margins and increasing cash-flow generation. These include a stronger focus on higher value-added products, investment in sales capabilities, cost reductions through greater sharing of resources and improvements in working capital management.

The company also confirmed the completion of the disposal of its Synertrade business on 31 March 2026, marking a further step in its strategic refocus on core activities.

Econocom said the measures implemented under its transformation plan are expected to support a return to growth in the near term while strengthening its financial position over the medium term.