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Econocom Group SA (EBAB.BR)

EBAB.BR on Brussels Stock Exchange

14.98EUR
26 May 2017
Change (% chg)

€0.09 (+0.57%)
Prev Close
€14.90
Open
€14.82
Day's High
€15.01
Day's Low
€14.82
Volume
62,650
Avg. Vol
171,034
52-wk High
€15.26
52-wk Low
€9.05

Latest Key Developments (Source: Significant Developments)

Econocom Group's EGM approved to split shares
Monday, 22 May 2017 01:56am EDT 

May 22 (Reuters) - ECONOCOM GROUP SA ::EGM APPROVED TO SPLIT SHARES OF GROUP INTO TWO SHARES IN ORDER TO REINFORCE ACCESSIBILITY AND LIQUIDITY OF SHARES.EACH SHAREHOLDER WILL RECEIVE TWO NEW SHARES OF GROUP IN EXCHANGE OF EVERY SHARE HELD.TO REIMBURSE THE ISSUE PREMIUM FOR EUR 0.20 PER SHARE.NEWLY SPLIT SHARES TO BE LISTED ON EURONEXT BRUSSELS; PARTICIPATION OF EXISTING SHAREHOLDERS IN GROUP WILL NOT BE DILUTED.BOARD OF DIRECTORS TO CONVENE AN EGM WITH AGENDA TO CANCEL 3 MILLION TREASURY SHARES (OR 6 MILLION AFTER SHARE SPLIT) OF 4,182,082 SHARES CURRENTLY HELD.CANCELLATION TO TAKE PLACE BEFORE END OF 2017.  Full Article

Econocom Group acquires BIS Group, LP Digital and 40 pct stake in JTRS
Wednesday, 3 May 2017 01:39am EDT 

May 3 (Reuters) - Econocom Group SA ::Announces an agreement to acquire 100 pct of the BIS Group and continues its targeted investments strategy with JTRS in the UK and LP Digital in France.Buys a 40 pct stake in JTRS, an Apple and Google partner for digital solutions in education sector in UK.Buys 100 pct of LP Digital in France, a digital strategy consulting firm, through its satellite Alter Way.  Full Article

Mood Media announces sale of BIS to Econocom
Tuesday, 2 May 2017 05:12pm EDT 

May 2 (Reuters) - Econocom Group Sa :Mood Media Corporation announces sale of bis to econocom.Mood Media Corp - agreement to sell bis to econocom for $20.2 million in cash less escrow and fees.  Full Article

Econocom Group Q1 revenue rises to 608 million euros
Thursday, 20 Apr 2017 12:23pm EDT 

April 20 (Reuters) - Econocom Group SA ::Q1 revenue 608 million euros ($653.6 million) versus 554 million euros year ago.Confirms FY 2017 objectifs.  Full Article

Econocom Group success of the ORNANE conversion operation
Monday, 10 Apr 2017 01:47pm EDT 

Econocom Group SA : Success of the ORNANE conversion operation . Announces created 10,050,928 new shares, bringing the number of shares issued to 122,570,215 compared with 112,519,287 shares at December 31, 2016 .Currently holds 4,184,082 treasury shares, excluding liquidity contract (compared to 5,364,264 at December 31, 2016).  Full Article

Econocom Group to proceed with early redemption of all 1.5 pct coupon bonds, due Jan. 2019
Wednesday, 15 Mar 2017 02:18pm EDT 

Econocom Group SA : Decided to proceed with the early redemption of all the 1.5 percent coupon bonds, due January 15, 2019 .The early redemption will be made on May 19, 2017 at the accreted principal amount of ORNANE (i.e. 10,968 euros ($11,709)) plus accrued interest.  Full Article

Econocom Group 2016 recurring operating income up at 140.3 million euros
Thursday, 23 Feb 2017 12:27pm EST 

Econocom Group SA : 2016 revenue 2,536 million euros ($2.68 billion) versus 2,316 million euros year ago . 2016 recurring operating income 140.3 million euros versus 117.7 million euros year ago . 2016 recurring net income per share 0.77 euro versus 0.65 euro year ago . 2016 operating margin 5.5 percent (+40 bps) . 2016 recurring earnings per share attributable to owners of the parent increased 19.2 percent to 0.77 euro . Organic growth accelerated in the second half, standing at 6.7 pct, for the year, supported by all the group’s activities . To recommend that the shareholders receive a refund of the issue premium of 0.20 euro per share, a 14 pct increase compared with 2015 . Expects sustained organic growth, in excess of 5 percent for 2017 . Expects another double-digit rise in recurring operating profit for 2017 . Recurring operating profit should exceed target of 150 million euros set as part of mutation 2013-2017 plan, and includes 18 million euros of “operational investments” Further company coverage: [EBAB.BR] ($1 = 0.9446 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;)).  Full Article

Econocom Group issued Schuldschein-type loan for 150 million euros
Friday, 9 Dec 2016 02:04am EST 

Econocom Group SA : Transaction carried out at an average rate of 1.54 pct . Issued Schuldschein-type loan (private placement under german law) for total amount of 150 million euros ($159.21 million) .Maturities at 5 and 7 years.  Full Article

Econocom Group 9-month revenue rises to 1.74 billion euros
Friday, 14 Oct 2016 11:54am EDT 

Econocom Group SA : 9-Month revenue 1.74 billion versus eur 1.59 billion year ago . Confirms 2016 outlook .Confirms strategic plan Mutation for 2017.  Full Article

Econocom Group H1 recurring operating profit up 22 pct at 53 million euros
Monday, 18 Jul 2016 12:07pm EDT 

Econocom Group Sa : H1 recurring operating profit amounts to 53 million euros ($58.71 million), a 22 pct rise . H1 8 pct increase in revenue, +5 pct of which is organic growth . Confirmation of 2016 growth guidance .H1 revenue of 1,212 million euros compared with 1,122 million euros for the same period in 2015.  Full Article

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