- Ramp-up of activities outside
France due to excellent sales momentum - Growth expected to accelerate slightly during the second half of the year, with improved margins
- Having reinforced its structure, the group has laid the foundation for long-term growth
In millions of euros | 6 months | Q2 | ||||
2022 | 2021 | % change | 2022 | 2021 | % change | |
Total | 444.4 | 441.2 | +0.7% | 221.7 | 216.0 | +2.7% |
From | 221.9 | 270.3 | -17.9% | 105.2 | 128.2 | -18.0% |
From Benelux | 98.5 | 74.9 | +31.5% | 51.8 | 37.9 | +36.7% |
From other countries | 124.0 | 96.0 | +29.2% | 64.8 | 49.9 | +29.9% |
More than 50% of group revenue generated outside of
Consolidated revenue
In the second quarter of 2022, Solutions 30 returned to growth and posted consolidated revenue of €221.7 million, up 2.7% compared to the same period in 2021 (+0.1% on an organic basis). It was the highest Q2 revenue in the group’s history.
Activities outside of
Solutions 30’s consolidated half-year revenue for 2022 amounted to €444.4 million, up +0.7% (-1.5% on an organic basis). Revenue is stabilizing at a high level due to record deals the group signed in the second half of 2020 and the first half of 2021. The COVID crisis fueled an urgent need to deploy ultra-fast broadband in
Revenue by region
With €74.7 million in revenue, the telecom business is down 18.4% compared to the second quarter of 2021. Solutions 30 is pursuing its operational transition in a market that has matured after five years of exponential growth. In addition, the geographical redeployment of one of the group’s major contracts is weighing on the operational efficiency of the French subsidiaries, especially in the southern half of
For the energy business, revenue reached €12.9 million, compared with €21.1 million a year earlier, a decline of 39% due to the end of smart electricity meter deployments in
The IT business posted revenue of €11.9 million, up 9% for the quarter, while the security and payments business generated €5.7 million in revenue, compared to €4.7 million a year earlier.
Over the first six months of the year, revenue amounted to €221.9 million, down 17.9%.
Benelux: Revenue in the second quarter of 2022 amounted to €51.8 million compared to €37.9 million a year earlier, representing organic growth of 36.7%.
The telecoms business, which grew organically by 29.7%, generated quarterly revenue of €37.4 million. The ramp-up of the contracts signed with Fiberklaar and Open
Revenue for the energy business amounted to €10.2 million, compared with €5.4 million a year earlier, representing purely organic growth of 90.9%. The deployment of smart meters in Flanders on behalf of
For the IT business, revenue was up 7.6% to €2.3 million, compared with €2.1 million a year earlier. Quarterly revenue from the retail and security businesses was €1.9 million compared to €1.6 million for the second quarter of 2021.
Over the entire first half of 2022, revenue rose by 31.5% to €98.5 million.
In all other countries, the group posted quarterly revenue of €64.8 million, an increase of 29.9% (18.7% organic growth) compared to the same period in 2021.
In
In
In Iberia, revenue grew by 8% to €14.4 million, thanks to strong momentum in the telecoms business (fiber and 5G mobile networks).
In
Finally, in the
In all of these countries, the group posted revenue of €124 million for the first half of 2022, an increase of 29.2% (18.9% organic growth) compared to the first half of 2021.
Strengthening governance, risk management, and compliance
Solutions 30 continues to consolidate its internal structures and in the first half of the year implemented strengthened and standardized governance, risk management, and compliance procedures.
The group has published new ethics and compliance policies, and has launched an awareness and training program for its teams throughout
This work is helping to transform Solutions 30. While maintaining its agility and strong entrepreneurial values, Solutions 30 is consolidating its commitments to high ethical standards, compliance, and the environment, as well as its role in society.
To support this change, the Supervisory Board has decided to strengthen the powers of its committees. The Strategy Committee has been renamed the
The Audit Committee has been renamed the
Outlook
The group’s operational transition in
In addition, in light of current inflation, Solutions 30 has been increasing its rates, both on its new contracts and on its existing contracts, and some of these revised rates have already had an impact on Q2 revenue. The group has also taken measures to control operating costs with the aim of preserving a solid financial structure with very little debt. Such a structure will support its ability to finance its growth, increase its agility, strengthen its competitive advantages, and preserve its future capacity to pursue consolidation in its sector.
In conclusion, in the face of macroeconomic uncertainty, Solutions 30 is adapting but remains cautious while maintaining its course. Organic growth and operational execution are the two priorities. As illustrated by the signature of major new contracts in several countries—especially in
Upcoming event
2022 HY Earnings Report
About Solutions 30 SE
The Solutions 30 group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 50 million call-outs carried out since it was founded and a network of more than 15,000 local technicians, Solutions 30 currently covers all of
Solutions 30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes: MSCI Europe ex-
Visit our website for more information: www.solutions30.com
Contact
Individual Shareholders:
Investor Relations - Tel: +33 1 86 86 00 63 - shareholders@solutions30.com
Analysts/Investors:
Press - Image 7:
Charlotte Le Barbier - Tel: +33 6 78 37 27 60 - clebarbier@image7.fr
Attachment
- S30_2022_HY_Revenue_EN
© OMX, source