Tech company Solutions 30 to install new management by Q4

Solutions 30 SE

27/07/2021 17:15

PARIS, July 27 (Reuters) - French technology services
company Solutions 30  S30.PA , whose shares have fallen this
year on concerns over corporate governance issues, said it was
hoping to have new management and control procedures in place by
the fourth quarter of this year.
    Solutions 30, which has corporate headquarters in Luxembourg
and shares listed in Paris, issued the update as it reported
that second quarter revenues had risen 22.9% from a year ago to
216 million euros ($255.53 million).
    "Solutions 30 is continuing its progress plan and in early
June launched a transformation plan designed to strengthen its
organisation in terms of governance, risk management and
compliance, with the aim of having new management and control
procedures in place by the fourth quarter of 2021," it said.
($1 = 0.8453 euros)

 (Reporting by Sudip Kar-Gupta
Editing by David Goodman
)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))