Econocom - 2019 Universal registration document

THE ESSENTIALS 01. 5 For a useful digital transformation that makes sense 1. 7 The Econocom galaxy 2. 9 2019 Key figures 3. 10 Performance and share capital 4. 12 Governance 5. 14 GROUP OVERVIEW 02. 17 Group history 1. 20 2. Group structure 22 Group positioning 3. 24 Financial position and results 4. 42 Corporate Governance 5. 47 Research & Development 6. 62 Principal investments 7. 64 Additional information 8. 66 CORPORATE SOCIAL RESPONSIBILITY 03. 67 Our approach 68 Actions and highlights 69 Nurture our excellence through responsible commitment 1. 72 Support the new responsible uses of our customers and users 2. 86 Federate an ecosystem to ژ create ژ shared value 3. 90 RISK FACTORS 04. 97 Operational risks 1. 98 Regulatory risk 2. 101 Dependency risk 3. 102 Financial risk 4. 103