Solutions 30 drops on gloomy outlook

Solutions 30 SE

28/07/2022 09:25

** Shares in Solutions 30  S30.PA  slump 3.9% after the
French technology company sees lower margins in H1, limited
growth in H2  urn:newsml:reuters.com:*:nP6N2WM04Z
    ** The group said its operational transition in France and
the ramp-up of contracts will weigh on margins in H1, which are
expected to be lower than in H2 2021
    ** In H2, growth is set to speed up but remain below 10% as
volumes fall on supply chain difficulties affecting fiber-optic
markets, energy transition activities, it added
    ** Solutions 30 also pointed that in light of the current
inflation, it had increased its rates and that some of them
already had an impact on Q2 revenue
    ** The firm reported Q2 revenue up 2.7% to EUR 221.7 million
($226.09 million), which the group said was "the highest Q2
revenue in the group's history"
    ** The stock of Solutions 30 is down about 53% YTD

($1 = 0.9806 euros)

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))