Brief: Solutions 30 Confirms 2023 Revenue Target, Expects Positive Trajectory To Extend Into 2024

Solutions 30 SE

13/12/2023 06:40

Dec 13 (Reuters) - Solutions 30 SE  S30.PA :
    * SOLUTIONS30 BUSINESS MODEL
    * CUSTOMER-CENTRIC BUSINESS MODEL, SOLID EXECUTION,
STANDARDIZED
OPERATIONS, AND RIGOROUS MONITORING OF KPIS1 , NOW ROLLED OUT
ACROSS EUROPE
    * CLEAR OPERATING STRATEGY TO IMPROVE EBITDA MARGINS TOWARDS
DOUBLE-DIGIT
    * FRANCE AND BENELUX: COST OPTIMIZATION AND BUSINESS
DIVERSIFICATION
    * GERMANY, POLAND, UNITED KINGDOM: SCALING UP THE BUSINESS,
ALONG
WITH STRICT COST CONTROL
    * ITALY AND SPAIN: FOCUS ON MOST PROFITABLE CONTRACTS WHILE
ENSURING COST STRUCTURE FLEXIBILITY
    * SOLUTIONS30 HAS A SOLID FINANCIAL POSITION, WITH A NET
DEBT/EBITDA RATIO OF 1.7X AT JUNE 30, 2023
    * SOLUTIONS30 ESTIMATES THAT ONLY AROUND €35 MILLION OF CASH
WOULD
BE NEEDED TO FINANCE €500 MILLION IN ADDITIONAL REVENUE
    * NET DEBT/EBITDA RATIO SHOULD PEAK AT THE END OF 2023,
WHILE
REMAINING WELL BELOW THE 2.5X CEILING, BEFORE BEGINNING A STEADY
DECLINE FROM 2024 ONWARDS
    * FOR THE YEAR 2023, SOLUTIONS30 REAFFIRMS ITS GOAL OF
SURPASSING
€1 BILLION IN REVENUE, COUPLED WITH A SUSTAINED IMPROVEMENT IN
PROFIT MARGINS
    * THIS POSITIVE TRAJECTORY IS EXPECTED TO EXTEND INTO 2024

Further company coverage:  S30.PA 

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