Solutions 30 soars on upbeat outlook after strong Q4

Solutions 30 SE

27/01/2023 09:00

** Shares in Solutions 30  S30.PA  shoot up 19% as the
French tech services group confirmed a double-digit growth
target for 2023 and gave upbeat mid-term goals after strong Q4
sales and orders
    ** The group aims to exceed 1 billion euros ($1.1 billion)
in revenue in 2023, while confirming long-term growth prospects
    ** It also hopes to reach 2.5 billion euros in revenue over
the medium term
    ** The group posts Q4 revenue of 246.1 million euros, up
11%, and record orders of nearly 920 million euros over the year
    ** Midcap analysts point to the confirmed return to
double-digit growth and to revenue slightly above its forecast
    ** "The group's new objectives and the management's
reassuring update may allow a gradual rebound of the share," the
broker adds
    ** The stock is on top of French SBF 120  .SBF120  index and
on track for best day since July 2021
($1 = 0.9186 euros)
 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))