Solutions 30 falls on tightened guidance, Q3 sales drop

Solutions 30 SE

04/11/2021 08:40

** Shares in Solutions 30  S30.PA  fall over 5%, having
dropped as much as 8.2%, after French technology services
company tightened annual guidance and reported a decrease in Q3
sales
    ** Solutions 30 now expects to achieve an annual growth of
around 10% versus previous guidance of double-digit growth 
    ** Its third-quarter revenue dropped 0.7% to 212.1 million
euros
    ** Supply chain disruptions weigh on Solutions 30's Q3,
Portzamparc says
    ** However, Midcap Partners says that company's outlook
remains strong and flags the signing of new contracts worth
almost 500 million euros over the last two quarters
    ** Solutions 30 is currently the worst performer of France's
SBF 120 index  .SBF120 
    ** Including today's fall, the stock is down 27.61% YTD

 (Reporting by Anait Miridzhanian)
 ((anait.miridzhanian@thomsonreuters.com))