Econocom - 2019 Universal registration document

04

risk factors

Operational risks 1.

Regulatory risk 2.

98

101 101

Risks associated with Services 1.1. contracts Risk of sub-contractor default 1.2. Risks associated with price 1.3. fluctuations and hardware obsolescence Risks associated with competition 1.4.

Legal risks 2.1.

98 98

Risks associated with tax 2.2. inspections

101

Risks associated with regulations 2.3. applicable to lessors’ leasing business Risks associated with regulations 2.4. applicable to Technology

99 99 99 99 99

101

Employee-related risks 1.5. Environmental risks 1.6. Insurance against risk 1.7.

Management & Financing clients 101

Dependency risk 3.

102

Pledges, guarantees, collateral 1.8. provided and borrowings Risks related to external growth 1.9.

Dependence on refinancing 3.1. institutions Customer dependency risk 3.2. Supplier dependency risk 3.3. Technology dependency risk 3.4.

100 100

102 102 102 102 103 103 104 105

Financial risk 4. Market risk 4.1.

Credit and counterparty risk 4.2.

Equity risk 4.3.

97

2019 annual report