Solutions 30 slumps to 7-year lows after lower H1 results

Solutions 30 SE

29/09/2022 08:16

** Shares in Solutions 30  S30.PA  drop 18% to over 7-year
lows, after the French tech services group reported a sharp
decline in H1 core profit and a loss at the net result level
hampered by a weak performance in France  urn:newsml:reuters.com:*:nL8N30Z53Y
    ** The firm posted a 77.5% drop in EBIT at 6.7 million euros
for H1 while its net result for the period turned to a loss of
12.3 million euros vs profit of 14.1 million a year ago
    ** S30's CEO said the firm has reached a low point and
anticipates a recovery in the final quarter that will continue
throughout 2023, confirming its long-term outlook
    ** S30 shares are down 71% YTD, and sit at the bottom of
France's SBF 120 index  .SBF120 
 (Reporting by Elena Vardon)
 ((elena.vardon@tr.com))