Brief: Tech group Solutions 30's Q2 sales rise, H2 growth seen higher but impacted by supply chain issues

Solutions 30 SE

27/07/2022 17:00

July 27 (Reuters) - SOLUTIONS 30  S30.PA :
    
    * Q2 revenues 221.7 million euros ($224 million) vs 216 mln
a year earlier
    * Growth expected to accelerate slightly in H2, with
improved margins
    * In the second half of 2022, growth is expected to
accelerate, although it will remain below 10% as volumes fall
due to supply chain difficulties affecting certain fiber-optic
markets and activities related to the energy transition
    * EBITDA should start to improve as costs from the ramp-up
of new contracts are absorbed and operational processes return
to normal in France
    * Stock closed up 7.8% on July 27 but still down by around
50% since start of 2022

($1 = 0.9895 euros)

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))