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Solutions 30 se: Records a loss of 12.3 ME in the 1st half


(CercleFinance.com) – Solutions 30 publishes a turnover of 444.3 ME for the 1st half, up 0.7% compared to the same period a year earlier (-1.5% in organic ).

‘In France, performance remains penalized by the maturing of the fiber optic market and the planned shutdown of smart meter deployments, while new activities are starting more slowly than expected’, indicates the company.

Elsewhere in Europe, activity is very strong with growth rates of around 30%, Solutions 30 succeeding in capturing significant market shares in the booming fiber optic deployment markets.

Solutions 30 saw its adjusted half-year EBIT fall by 77.5% compared to the same period a year earlier, dropping from 29.6 to 6.7 ME. At the same time, the group share of net profit came out at -12.3 ME, against +14.1 ME a year earlier.

In the second half of 2022, growth should accelerate and remain driven by activities outside France. The expected turnover for the full year is around 900 ME, against 874 ME in 2021. The group should return at the end of the year with a more normative level of double-digit EBITDA, but that -this will remain below 10% over the entire financial year.

Solutions 30 also anticipates more dynamic growth from the end of the financial year as well as in 2023.

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