Solutions 30 exceeded the billion euro mark in 2023

PARIS (Agefi-Dow Jones) – Digital support services provider Solutions 30 on Wednesday reported double-digit growth in its turnover in the fourth quarter of 2023 thanks to the dynamics of its activities in Benelux, while the situation remained sluggish in France. .

Benelux is the region that connects Belgium, the Netherlands and Luxembourg.

For the period from October to December, the group’s turnover reached 285.7 million euros, which represents an increase of 15.3% compared to the same period in 2022. It grew organically by 14.6%.

For the full financial year 2023, turnover reached €1.06 billion, up 16.7% as reported and up 16.3% organically. The former PC 30 thus fulfilled its goal of surpassing the threshold of turnover in billions of euros.

Analysts on average had expected revenue of 1.05 billion euros, according to a consensus set by FactSet.

“During the financial year, growth was driven by the excellent dynamics seen in the Benelux, where the group became one of the main players in the development of very high-speed Internet networks,” Solutions 30 said in a statement. “This momentum is expected to continue in 2024 and will be strengthened by the gradual ramp-up of recent contracts signed in Germany,” the company added.

Throughout the 2024 financial year, Solutions 30 expects a continuation of “sustained turnover growth coupled with an increase in margins”. The company thus intends to move closer to its medium-term goal of a double-digit gross operating surplus margin (Ebitda) in each country.

Financial results for the financial year 2023 will be published on April 3. Solutions 30 said on Wednesday that it saw an improvement in profitability during the second half of 2023.

-Vincent Alsuar, Agefi-Dow Jones; +33 (0)1 41 27 47 39; ed: LBO


Agefi-Dow Jones Financial Intelligence

Dow Jones Newswires

January 24, 2024 12:17 PM ET (5:17 PM GMT)

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