Europe's Solutions30 Q1 revenue falls on French connectivity slowdown, bad weather

Solutions 30 SE

29/04/2026 17:14

Overview

Europe-based tech and energy services provider's Q1 revenue fell 8.6% yr/yr to €203.3 mln

Company cites unfavorable weather and depressed French fiber market for revenue decline

French connectivity revenue dropped 29.9% as company continues transformation efforts

Outlook

Company did not provide specific financial guidance for the current quarter or full year in its press release

Result Drivers

WEATHER IMPACT - Unfavorable winter weather in Germany, Poland, and France slowed outdoor projects and contributed to revenue decline

FRENCH CONNECTIVITY SLOWDOWN - Revenue from Connectivity activities in France fell sharply due to a depressed fiber deployment market and ongoing transformation measures

MARKET MATURITY - Maturity of digital meter roll-outs in Belgium and the Netherlands led to lower Energy revenue in Benelux

Company press release: ID:nGNE6lbpfj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 203.30 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy."

Wall Street's median 12-month price target for Solutions 30 SE is €1.03, about 63.7% above its April 28 closing price of €0.63

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)