While waiting to restore its image, Solutions 30 heckled on the stock market when the market sees red

On this Monday of sharp decline in the indices, certain values, unloved by investors these days, are particularly heckled. This is the case of Solutions 30, which lost 14% at the start of the afternoon when the Cac 40 lost around 2%.

The service provider founded in 2003 has experienced good years of operational and stock market growth, in particular by developing fiber and connected electricity meters in French homes. But, since the end of 2020, Solutions 30 has been going through a bad patch: a defamatory anonymous report, an audit firm that did not give its opinion on the 2020 accounts… Institutional investors came out, the stock plunged (in December 2020 , he was flirting with 20 euros!) and the group must regain its credibility with the markets.

The 2021 accounts (certified this time) and the figures for the first quarter also reflected certain operational difficulties: activities which are reaching maturity in France, the rise in power of new markets which “temporarily” weighs on profitability, problems of supply… The worst seems to be over, however.

We will return more extensively to this issue in the issue of Investir to be published on Saturday.