Econocom - 2020 annual report

05 management report profit for the year

KEY FIGURES BY GEOGRAPHICAL AREA 2.1.2. Revenue breaks down as follows:

Change based on like-for-like standards

2019 restated (1)

2020

in € millions

1,446

1,544

(6.4%) (11.8%) (15.9%) (13.3%) (49.2%)

France

347 445 226

393 529 261 187

Benelux

Southern Europe

Northern & Eastern Europe

95

Americas

Total revenue (12.2%) In accordance with IFRS 5, 2019 income and expenses of operations considered discontinued in 2020 are (1) reclassified to “Profit (loss) from discontinued operations” in the 2019 income statement. 2,559 2,914

In general, all of the Group’s geographical areas were affected by the health crisis and its consequences on economic activity. The France region is holding up better due to a better balance between the Group’s different business lines. The TMF business also enjoyed major contracts that helped to mitigate the downwardtrend and includes a greater proportion ofDSS activities. Contraction in revenue of the Benelux area was driven mainly by Technology Management& Financingin the Netherlands, despite strong performance by the Digital Services &Solutions business.

The decrease in revenue in Southern Europe was due mainly to TechnologyManagement & Financing activities, which represent a significant portion of the business in this region. Northern and Eastern Europe posted a decline in organic growth, due mainly to the UK Technology Management & Financing business,while Digital Services & Solutions in Germany recorded revenue of growth. The Americas regionwas downmore sharply due to delays in the deliveryof major projects in Digital Services & Solutions and delays in contract signing in the Technology Management & Financing business.

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2020 annual report