France's Solutions30 H1 revenue falls on telecom contract withdrawal

Solutions 30 SE

17/09/2026 17:12

Overview
Europe field services provider's H1 2026 revenue fell 11% as French telecom contract exited
Adjusted EBITDA for H1 2026 dropped 46%, margin fell to 4.2% amid restructuring
Company expects improved profitability in 2027 after completing transformation and refocusing on energy, tech

Outlook
Company expects transformation to be fully completed by end-2026, exiting loss-making French telecom operations
Solutions30 anticipates a marked improvement in margins from 2027, driven by business mix and cost structure changes
Company to focus on high-growth energy and technology markets, including power grids, data centers, and solar power

Result Drivers
FRENCH TELECOM EXIT - Co said withdrawal from major loss-making French telecom contract drove revenue and margin declines
RESTRUCTURING COSTS - Restructuring of French operations and downsizing to match new activity level weighed on profitability
GERMAN CUSTOMER SHIFT - Margin decline in Germany attributed to repositioning customer base and exit from FiberCo contract

Company press release: ID:nGNE5yPhk9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 400.30 mln
 
H1 Adjusted EBITDA
 
EUR 17 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
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 98.3% above its September 16 closing price of €0.52

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Sept 15 - UK's Eagle Eye Solutions FY26 revenue up, aided by higher customer adoption

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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.)