Solutions 30 touches near 8-month high after strong Q1

Solutions 30 SE

11/05/2023 08:37

** Shares in Solutions 30  S30.PA  are up 10% after the
Luxembourg-based tech services company posted a jump in Q1 sales
    ** The stock rose as much as 14.7% in early trading to touch
its highest price since mid-August 2022
    ** It reports a 14.6% rise in Q1 sales to 255.3 million
euros ($281.0 million), compared to a year earlier
    ** "After a disappointing 2022, the scenario of a return to
normal performance is confirmed," analysts at MidCap Partners
say in a note
    ** The company's dynamic should be supported by additional
contracts in France, Britain and Germany in the coming months,
the broker adds
    ** Solutions 30 is the best performer on the French SBF 120
index  .SBF120 

($1 = 0.9084 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))