Econocom - 2020 annual report
05 management report profit for the year
Number of shares outstanding
2020
2019
Average number of outstanding shares (1)
216,865,774
227,816,144
220,880,430
245,380,430
Total number of shares at year-end
Number of shares outstanding at year-end (1)
211,101,263
221,922,286
Econocom share price at 31 December (in €) Market capitalisation at 31 December (in € millions)
2.48
2.43
547
597
Excl. treasury shares. (1)
Comments on the Group’s key figures In 2020 the Econocom group posted consolidated revenue of €2,559 million compared with €2,914 million in 2019. On a like-for-like basis, organic revenue fell by -11.3%. Profit from continuing operations before amortisation of intangible assets from acquisitionswas €126.2 million, compared to €127.6 million in 2019, due in particular to disposals in 2019 and 2020 including that of Rayonnance concluded at the end of December2019. On a like-for-likebasis, profit from continuing operations before amortisation of intangible assets from acquisitions was up byaround €2.5 million.
The was €84.1 million, compared to €101.2 million in 2019. Non-recurring expenses amounted to €36.2 million,comparedwith €24.5 millionin 2019. Theseexpensescorrespondto measures to adapt the organisation, the costs of unoccupied resources in the context of the Covid-19 pandemic and include in particular the capital gains from the disposal of Econocom Digital Securityin October 2020. The net financial expense stood at €16.2 million compared to €18.6 million in 2019. This sharp reductionis due in particular to the decrease in net financial debt and a lower bond expenses, as a result of the repayment of part of the Euro PP bond and the buyback transactions of convertible bonds carried out during thelast quarter. Group’s operating profit
116
2020 annual report
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