Econocom - 2019 Universal registration document

05 management report profit for the year

Net earnings per share attributable to owners of the parent

2019

2018

Change

in €

0.20

0.17

17.1%

Earnings per share

Basic earnings per share from continuing operations Basic earnings per share from discontinued operations

0.24

0.19

23.0%

(0.04)

(0.02)

63.0%

0.19

0.16

15.5%

Dilutes earnings per share

Diluted earnings per share from continued operations Diluted earnings per share from discontinued operations RECURRING EARNINGS PER SHARE

0.23

0.19

21.0%

(0.04)

(0.02)

60.1%

0.32

0.27

19.1%

Number of shares outstanding ژ

2019

2018

227,816,144 245,380,430

234,888,774 245,140,430

Average number of outstanding shares (1)

Total number of shares at year-end

Number of shares outstanding at year-end (1) Econocom share price at 31 ژ December (in €) Market capitalisation at 31 ژ December (in ڳ € ڳ millions)

221,922,286

231,161,799

2.43

2.91

597

713

Excl. treasury shares. (1)

Comments on the Group’s key figures In 2019 the Econocom group posted consolidated revenue of €2,927 ژ million compared with €2,999 ژ million in 2018. On a like-for-like basis, organic revenue fell by -0.8%. Profit (loss) from continuing operations before amortisation of intangible assets from acquisitions was €126.2 ژ million, compared with €110.9 ژ million in 2018, an increase of €15.3 ژ million. was €99.4 ژ million compared with €86.8 ژ million in 2018, a year-on-year increase of 14.5%. The Group's operating profit

Non-recurring expenses amounted to €24.8 ژ million, compared with €19.9 ژ million in 2018. These expenses correspond to measures to adapt the organisation, to acquisition and disposal costs and include the capital gains from the disposal of Rayonnance at year-end 2019. The net financial expense was up to €19.2 ژ million compared with €15.5 ژ million at year-end 2018. Two main effects should be stressed: the full year effect of the interest expense related to the OCEANE issued in March ژ 2018 and the first time application by Econocom in 2019 of IFRS ژ 16 to lease agreements.

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2019 annual report