Solutions 30 tops SBF 120 on strong Q2 growth, new mgmt procedures

Solutions 30 SE

28/07/2021 08:41

** Shares in Solutions 30  S30.PA  jump 7.8% to the top
France's SBF 120  .SBF120  after the French technology services
company posted Q2 revenue growth and announced new management
procedures 
    ** It reported a 22.9% increase of its Q2 revenue to 216
million euros ($255.05 million) and confirmed outlook for
double-digit growth
    ** Solutions 30, whose shares have fallen this year on
concerns over corporate governance issues, says it now aims to
have new management procedures in place by Q4  urn:newsml:reuters.com:*:nL1N2P31TN
    ** Midcap Partners calls the trading update solid and adds
that perspectives remain excellent thanks to the acceleration of
different markets of the group, which demonstrated its capacity
to continue its commercial development despite "the attacks"
against it
    ** The stock has so far covered almost 55% of 30-day moving
average
    ** It pares earlier gains of as much as 12.7%
     
    

    
($1 = 0.8469 euros)

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