Solutions30 reported revenue of €742.8 million for first 9 months of 2024, down 3.5%.

From GlobeNewswire: 2024-11-04 12:00:00

Solutions30 reported €742.8 million in revenue for the first 9 months of 2024, down 3.5%, focusing on margins over revenue growth. Germany saw a growth of 28%, becoming a key pillar. Q3 revenue was €225.4 million, down 10.1%, impacted by selectivity measures in France and Spain and slowed fiber activity in Belgium.

In Benelux, revenue for the first 9 months was €278.9 million, up 3.5%, but Q3 revenue was €82.1 million, down 8.3%. Energy activity grew by 23% in Q3. In France, revenue was €270.2 million for 9 months, down 9.3%, with Q3 revenue of €81.7 million, down 16.9%.

Other countries saw revenue of €193.8 million for 9 months, down 4.3%, with Q3 revenue of €61.6 million, down 1.8%. Germany saw a 33.2% growth in Q3. Solutions30 anticipates lower revenue for 2024 but expects improved adjusted EBITDA margin. Their 2026 roadmap aims for profitable growth and margin improvements in various markets.



Read more at GlobeNewswire:: Revenue as of September 30, 2024