Econocom Group Se Class D · EURONEXT:ECONB
Econocom Group Se Class D — FY2025 Earnings Presentation
22 slides from Econocom Group Se Class D's earnings presentation, Feb 11, 2026
Slide 1: Analysts Presentation
Analysts Presentation February 11 th 2026
Slide 2: Welcome
Welcome
Slide 3: Agenda
01 Strategic update 02 FY 2025 performance AGENDA 03 Outlook 04 Q&A
Slide 4: we LIVE TECH
we LIVE TECH a
Slide 5: Strategic Update
Strategic Update Angel Benguigui Chief Executive Officer
Slide 6: 2025 in a nutshell: continued effective Group transformation as we progress on the One Econocom plan
2025 in a nutshell: continued effective Group transformation as we progress on the One Econocom plan Econocom Strengthening the Pursuing the Audiovisual sales model growth trajectory Solutions Around our strategic verticals: Workplace, AV, +4.3% Confirmed #1 position in Europe thanks to of which Inf
Slide 7: Confirmed strategy and focus on organic & profitable growth
Confirmed strategy and focus on organic & profitable growth Organic growth focus Profitability Turning technology into complemented by improvement with business and operational selective & tactical M&A higher -value products advantage Supported by the gradual Supported by the Supported by the ongoin
Slide 8: Shaping the organization to deliver the transformation: next stage of our governance evolution
Shaping the organization to deliver the transformation: next stage of our governance evolution Continued evolution of our Comex team ensuring consistent organization execution supported by reinforced for more operational leverage leadership team Improved collaboration to support Recruitment of new t
Slide 9: FY2025 results
FY2025 results Philippe Renauld Managing Director Finance and M&A
Slide 10: FY2025 results: increasing growth despite slower dynamic over the year and stable profitability rate
FY2025 results: increasing growth despite slower dynamic over the year and stable profitability rate Revenue Operating margin Growth increase vs last year at +4.3% , driven by €118m Southern Europe & €2 923m €111m Germany and €2 802m +6.9% +4.3% highlighting the relevance of our strategy +2,7% organ
Slide 11: Technology Management & Financing
Technology Management & Financing Continued growth and net margins improvements Revenue Operating margin Solid growth at +4,7% , across all €1 127m geographies yet with €60m +4,7% an erosion of the momentum in the 2 nd €1 076m €47m semester +3,1% organic growth Profitability rate significant increas
Slide 12: Products & Solutions
Products & Solutions Return to growth but pressure on margins Revenue Operating margin Return to growth at +5.3% , thanks to a €1 271m strong 2 nd semester 5.3% allowing to grow at €1 206m +2.9% organically and €39m boosted by the acquisitions in €34m Audiovisual Profitability rate decrease at 2.6 %
Slide 13: Services
Services Slight growth with maintained margins Revenue Operating margin €526m Total growth €520m 1.1% at +1.1% , fully organic, impacted by the 2 nd half of the year €25m €25m Profitability rate slight erosion at 4.7 % (1) (1) 2024 2025 2024 2025 (1) Restated for changes of scope of discontinued ope
Slide 14: FY 2025 simplified income statement
FY 2025 simplified income statement (in €m) FY 2024 (1) FY 2025 Revenue 2,802.4 2,923.3 Growth trajectory underpinned by our strategy and business mix (portfolio effect) Growing operating margin demonstrating a resilient Operating margin 110.5 118.1 operational performance O perating profit includin
Slide 15: Reduction of our Net Financial Debt (1/2)
Reduction of our Net Financial Debt (1) (1/2) 150 Free Cash Flow = €142m 86 100 In cluding BB Net (January 25) and -24 AV deals announced in July 2025 155 -23 50 -12 -19 Including -10m € S ynertrade -22 -96 0 -41 -8 -16 -17 -50 -36 -100 Free Cash Flow = €45m N -1 -181 112 -15 -23 22 -16 -19 -16 88 -
Slide 16: Reduction of our Net Financial Debt (2/2)
Reduction of our Net Financial Debt (1) (2/2) 517 -10 -369 Off balance sheet -174 factoring & reverse factoring of €318m as of 31 December 2025 (vs €263m as of -36 December 2024) Cash at Short term Bonds Other NFD 31.12.2025 debt corporate 31.12.2025 financing 330 ( 25) (201) (199) (96) Numbers as o
Slide 17: ESG achievements in 2025
ESG achievements in 2025 Clients Environment People Empower sustainable Contribute to positive Commit to be an digital transformation impact employer of choice 2.5 million Econocom Group 93/100 hardware products under 2025 gender pay gap Group 76/100 rating (+2 vs 2024) maintenance (vs 2.3m in 2024)
Slide 18: Outlook
Outlook Angel Benguigui Chief Executive Officer
Slide 19: 2025 confirms the relevance of the One Econocom plan and sets our 2026 priorities
2025 confirms the relevance of the One Econocom plan and sets our 2026 priorities 2025 take -away… …setting our 2026 action plan Continued growth supported by 1. Commitment to organic growth strengthening salesforce Selective and tactical inorganic growth Pivot organization toward our four strategic
Slide 20: 2026-2027-2028 guidance: 2-3% revenue growth p.a.
Guidance 2026 -2027 -2028 guidance: 2-3% revenue growth p.a. Econocom - FY 2025 results 20
Slide 21: Q&A
Q&A
Slide 22: Contact
Contact Investor and Media Shareholder Relations Relations thomas.bangratz @econocom.com groupeeconocom@havas.com Econocom – Résultats annuels 2022