Econocom - 2019 Universal registration document

02 group overview group history

2015 Econocom joins the Tech 40 index, selected by EnterNext from among 320 listed European high-tech stocks.In May, Econocom completes a €101 million private placement (Euro PP) split into two tranches with maturities of five and seven years, and coupons of 2.364% and 2.804% respectively. This helps strengthen, diversify and disintermediate the Group’s financial resources while further optimising the financial conditions of its borrowings.Econocom Group becomes a European company (societas europeae) on 18 December 2015 to reflect its European identity and ambitions.Lastly, Econocom implements an external growth strategy geared towards acquiring majority stakes in medium-sized companies offering substantial scope for entrepreneurship. In this context, either directly or through its subsidiary Digital Dimension, the Group carried out several acquisition and investment operations, particularly in the area of security: Altasys, Clesys, Econocom Digital Security and one of the leaders specializing in open source with Alter Econocom now employs over 10,000 people .At end-November, Econocom Group took advantage of favourable market conditions to launch a Schuldschein loan issue (private placement under German law) in a total amount of €150 million, thereby increasing its financial resources. During the year, Econocom Group continued its original “Satellites” external growth strategy, acquiring either directly or through its subsidiary Digital Dimension. Way. 2016

2017 Seven acquisitions are made:•

new Satellites: Aciernet (acquired by • Exaprobe), LP Digital (acquired by Alter Way), Energy Net in Germany, Jade Solutions and JTRS in the United Kingdom;• new Planet members: BIS in the • Netherlands and Belgium, and Biboard in France.• In April, Econocom completes the early • conversion of its January 2014 ORNANE bonds due in 2019, boosting equity by €183 million. The Group meets the targets set in 2012 for the Mutation strategic plan (doubling revenue and profit from continuing operations) and presents its new five-year strategic plan “e for excellence”. 2018 The Group employs 10,700 people. Econocom secures its financing by issuing a convertible bond debt (OCEANE) for €200 million in March and maturing in 2023. Two external growth operations are carried out in the first half of the year to supplement the existing positions in Services in Italy (BDF) and in Spain (Altabox). The new management’s focus in the second half of the year on reducing working capital requirements allows for cash generation to be bettered and net debt reduced. 2019 The Group decides to shift its focus back to its historic business "TMF" and to all the synergistic activities with it within DSS. The Satellites Jade and Rayonnance are sold and 13 other non-strategic activities are identified in order to be sold or closed. At the same time, the Group launches a major cost savings plan of €96.5 million spread out over three years, with thirty million already saved in 2019.

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2019 annual report