Econocom is committed to specialization at the point of sale in its new strategic plan

With a turnover in Spain of 290 million euros during 2017, Econocom sets its sights on specialization at the point of sale. This is a key aspect of your new strategic plan., called ‘e for excellence’, that focuses on quality in the delivery of its services.

After the results obtained in the last fiscal year in which growth predominates, Econocom has announced its strategy for the coming years, which will focus on a new plan, five years, called 'e for excellence' where its commitment to quality in delivery will predominate.

In addition, and already focused on the Spanish market, Angel Benguigui, CEO of Econocom, has commented on its commitment to the security environment this year, IoT and Artificial Intelligence.

Another key axis of this company's strategy in the Spanish market will be marked by its commitment to digital transformation at the point of sale., by the hand of Econocom/Caverin, activity that this year has grown between 25/30%. Furthermore, in the coming days the company will announce a new acquisition that will reinforce this line of business..

growth line

In 2017, The Group has achieved a turnover of 2.980 million euros, which means for the Group a growth of 17,5%, in front of 2016. In Spain the results have also followed the same trend, with a billing of 290 million euros.

The company's commitment is to continue moving forward with its strategic plans and continue focusing on digital services.

All the Group's activities have contributed to this growing trend. La actividad Technology Management & Financing (TM&F) has achieved a turnover of 1.378 million euros; while Services has surpassed, for the first time, the billion euros; y Product&Solutions has grown 25,2%.

In Spain, The growth they have achieved has been due to the performance of the Product activity&Solutions, distribution with value-added services and the complementarity of the rest of the activities).

According to Ángel Benguigui, president and CEO in Spain, This growth confirms the success of your Mutation Plan, that has just ended to give way to the next: ‘e for excellence’, “where quality in the delivery of services will play a leading role”.

With this new strategic plan, expectations are set on achieving for this new year “a growth in 10% at the group level and, We hope that in Spain it will be even greater. This market represents a 10% of the business carried out within the Group, both in volume and in people. In this new stage we want to work to strengthen our presence in the company”, comments Ángel Benguigi.

With perspectives 2022, when the new plan will end, they hope to achieve, Nivel Global, a billing of 4.000 million euros and multiply the operating results by two to achieve the 300 million euros in 2022.

Betting on security, IoT and point of sale

In this new stage that is opening for the company, Benguigui comments that the commitment in the Spanish market will be focused on solutions that revolve around the technologies required for the development of Big Data projects based on predictive maintenance of data analysis and the Internet of Things. (IoT), the protection and security of IoT information systems. This will be done by the company Digital Security, Artificial intelligence (Microsoft Infeeny) and Blockchain technologies.

Likewise, the development of communication and multimedia around the point of sale will also have a great role in this entire strategy based on its Product activity.&Solutions and with the help of Econocom/Caverin that will continue working in this line to help respond to the challenges of companies in digital transformation.

This line of business has grown in Spain between 25/30% and although it will not be a planned objective for this year, “we want that for the next year we have been able to develop it and give it greater prominence. In the coming days we will announce the purchase of a company that we have made to strengthen this line of business. Specialization at the point of sale is a key aspect in this new strategic plan, creating solutions tailored to our clients and generating quality added value”, clarifies Ángel Benguigui.