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.
114
2020 annual report
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