(CercleFinance.com) – The group achieved a turnover of 634 million euros, up 2.6% in the 1st quarter of 2024. It benefits from the continued sustained growth of the finance leasing activity (TMF ), a gradual recovery of the Products & Solutions activity and a good performance of Services.
The Technology Management & Financing (TMF) activity posted a turnover of 207 million euros, up 10.6%, including 10.2% organic. Products & Solutions (P&S) revenue stood at €305 million, down 2.5% (-2.6% organic).
The Services activity recorded a turnover increase (total and organic) of 3.2% to 122 million euros, driven in particular by Spain and France.
The group confirms its annual turnover growth objective of between 3 and 5%, benefiting in particular from a market for the distribution of digital assets expected to grow from the second half of the year.