Econocom - 2020 annual report

05 management report profit for the year

Research 1.4.

efforts focused particularly on the areas of data visualisation (DATAVIZ), decision support, developing integrated solutions in

In 2020, R&D efforts were continued, consistent with the areas developed in prior

the area of IoT, image recognition in real years with the aim of providing intensive time, 5G microservice billing and machine support and assistance for any innovative learning, applied to process automation. solutions produced by our customers. R&D Profit for the year 2. Income statement 2.1.

2019 restated (1)

2020

Change

in € millions

2,558.7

2,914.0

(12.2%)

Revenue

Technology Management & Financing (TMF)

912.6

1,134.7

(19.6%)

1,646.1

1,779.3

(7.5%)

Digital Services & Solutions (DSS)

Profit (loss) from continuing operations (2)

122.5

127.6

(4.0%)

120.4

125.6

(4.2%)

Profit (loss) from continuing operations

Other non-recurring operating income and expenses

(36.2)

(24.5)

48.2%

Operating profit

84.1

101.2 (18.6) 82.6 (22.6)

(16.8%) (12.8%) (17.7%) (17.9%)

(16.2) 67.9 (18.5)

Other financial income and expenses

Profit before tax

Income tax expense

Profit from continuing operations

49.4

60.0

(17.7%)

Share of profit (loss) of associates and joint ventures Profit (loss) from discontinued operations

0.1

-

n/a

0.7

(11.4)

(106.5%)

Profit for the period

50.2

48.6

3.4%

3.4

3.9

(12.7%)

Non-controlling interests

Profit for the period attributable to owners of the parent

46.8

44.7

4.8%

Recurring net profit attributable to owners of the parent (2)

68.2

73.2

(6.8%)

In accordance with IFRS 5, 2019 income and expenses of activities discontinued in 2020 are reclassified to the (1) income statements of 2019 under “Profit (loss) of discontinued operations”. To facilitate the monitoring and comparability of its operating and financial performances, Econocom group (2) presents two key indicators, “recurring operating profit before amortisation of intangible assets from acquisitions” and “recurring profit attributable to owners of the parent”. Their definition is given in the notes to the financial statements.

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2020 annual report