Solutions 30 jumps on reaffirmed growth target, margin recovery

Solutions 30 SE

09/11/2023 10:24

** Shares in Solutions 30  S30.PA  are up 8% after jumping
14.8% in early trading, as the Luxembourg-based new technologies
company posts over 17% growth in 9-month revenue, flags margin
recovery and confirms FY outlook
    ** It reports Jan-Sept revenue of 769.7 million euros
($823.8 million) and reaffirms FY sales target for double-digit
percentage growth, expecting to surpass the symbolic revenue
milestone of 1 billion euros in 2023
    ** Management also confirms ongoing recovery in margins
after a disappointing H1
    ** Midcap Partners highlights the maintained growth dynamic
and reassuring signs on margins
    ** The stock is among top risers on France's SBF 120 Index
 .SBF120 

($1 = 0.9343 euros)

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))