Econocom - 2019 Universal registration document

114 2019 annual report 05 management report profit for the year KEY FIGURES BY BUSINESS 2.1.1. Revenue and profit (loss) from continuing operations * can be broken down by business as follows: Revenue in € ڳ millions 2019 2018 restated (1) change based on like-for-like standards Like-for-like change Technology Management & Financing 1,124 1,321 10.0% (10.3%) Digital Services & Solutions 1,803 1,678 7.4% 6.3% Total revenue 2,927 2,999 0.0% (0.8%) See chapter ژ 5 § 2.1. (1) Profit (loss) from continuing operations in € ڳ millions 2019 2018 restated (1) Total growth Profit (loss) from continuing operations (as a % of 2019 revenue) Profit (loss) from continuing operations (as a % of revenue 2018) Technology Management & Financing 43.9 52.3 (16.1%) 3.9% 4.0% Digital Services & Solutions 82.3 58.6 40.4% 4.6% 3.5% Total profit (loss) from continuing operations* 126.2 110.9 13.8% 4.3% 3.7% Before amortisation of intangible assets from acquisitions * cf. chapiter 5 § ژ 2.1. (1) At 31 December 2019, Technology Management & Financing posted revenue of €1.124 million, a decline of 10.3% due mainly to the contraction of the business of its Italian subsidiary amounting to €130 ژ million on a full year basis. Excluding this impact, TMF revenue rose by 0.6% thanks to the performance of the other regions (mainly France, Belgium, Spain and the United Kingdom). Recurring operating income* from this activity was €43.9 ژ million, compared with €52.3 million in 2018. This includes the lower contribution from TMF Italy which was partly offset by the improved profitability in France and the Benelux countries. The Digital Services & Solutions business line reported revenue of €1,803 million in 2019, up 7.4% on the previous year's level of €1,678 million. The organic growth of 6.3% was driven by the sales of "products and solutions", including, for example, major projects to equip French local authorities and schools with IT equipment. Profit (loss) from continuing operations was €82.3 ژ million compared with €58.6 million the previous year. This large improvement is the result of the organic growth of activity and cost control measures put in place since 2018. Before amortisation of intangible assets from acquisitions. *