Econocom - 2019 Universal registration document

113 2019 annual report 05 management report profit for the year Net earnings per share attributable to owners of the parent in € 2019 2018 Change Earnings per share 0.20 0.17 17.1% Basic earnings per share from continuing operations 0.24 0.19 23.0% Basic earnings per share from discontinued operations (0.04) (0.02) 63.0% Dilutes earnings per share 0.19 0.16 15.5% Diluted earnings per share from continued operations 0.23 0.19 21.0% Diluted earnings per share from discontinued operations (0.04) (0.02) 60.1% RECURRING EARNINGS PER SHARE 0.32 0.27 19.1% Number of shares outstanding ژ 2019 2018 Average number of outstanding shares (1) 227,816,144 234,888,774 Total number of shares at year-end 245,380,430 245,140,430 Number of shares outstanding at year-end (1) 221,922,286 231,161,799 Econocom share price at 31 ژ December (in €) 2.43 2.91 Market capitalisation at 31 ژ December (in ڳ € ڳ millions) 597 713 Excl. treasury shares. (1) Comments on the Group’s key figures In 2019 the Econocom group posted consolidated revenue of €2,927 ژ million compared with €2,999 ژ million in 2018. On a like-for-like basis, organic revenue fell by -0.8%. Profit (loss) from continuing operations before amortisation of intangible assets from acquisitions was €126.2 ژ million, compared with €110.9 ژ million in 2018, an increase of €15.3 ژ million. Non-recurring expenses amounted to €24.8 ژ million, compared with €19.9 ژ million in 2018. These expenses correspond to measures to adapt the organisation, to acquisition and disposal costs and include the capital gains from the disposal of Rayonnance at year-end 2019. The Group's operating profit was €99.4 ژ million compared with €86.8 ژ million in 2018, a year-on-year increase of 14.5%. The net financial expense was up to €19.2 ژ million compared with €15.5 ژ million at year-end 2018. Two main effects should be stressed: the full year effect of the interest expense related to the OCEANE issued in March ژ 2018 and the first time application by Econocom in 2019 of IFRS ژ 16 to lease agreements.