Solutions30, a European leader in rapid-response field services for the telecommunications, energy and IT sectors, today announces significant changes to the leadership of its Supervisory Board and Audit, Risk and Compliance Committee, reflecting the Group’s ongoing commitment to strong corporate governance and strategic oversight.

Solutions30, a European leader in rapid-response field services for the telecommunications, energy and IT sectors, today announces that it has successfully closed a €120 million credit facility. This new facility, arranged with a syndicate of eight core relationship banks, will refinance the Group’s existing bank debt and provide additional financial means for its continued expansion, notably in the Energy sector.

Gianbeppi Fortis, Chief Executive Officer of Solutions30, stated: “The evolution of Solutions30’s revenue since the beginning of the year reflects the strategic orientations we shared at our Capital Markets Day last September. We are prioritizing margins over revenue growth, with an increased selectivity in our mature markets. At the same time, we are continuing our expansion in Germany, which is set to become a profitable growth pillar for Solutions30, as well as our diversification into energy transition-related services, buoyed by favorable structural trends. The decrease in revenue in the third quarter was a continuation of trends seen in the second quarter, with the deepening impact of measures to reduce our exposure to certain insufficiently profitable contracts in France and Spain and a temporary slowdown in the fiber business in Belgium. In the current contrasted market environment, we are confident that our strategic choices are fully relevant.”

A European leader in rapid-response, multi-technology fields services, positioned on attractive markets where key players are investing several billions per year

Solutions30, a leading provider of solutions for new digital technologies, and Connected Kerb, one of the largest UK's public charging operators, announce a strategic partnership to deploy electric vehicle charging (EVC) network in the South East of United Kingdom.

Solutions30 announces the acquisition of Xperal, a leading company specialized in end-to-end B2B solar projects in the Netherlands and Germany.

Unit-T, a Solutions30 subsidiary of which Telenet group owns 30%, announces the renewal of its strategic partnership with Telenet group in Belgium. This significant contract, structured as a shared-interest (Vested) outsourcing agreement, spans a five-year period.

Wyre, a joint venture between Telenet and Fluvius, has announced the completion of a strategic partnership with Unit-T, a subsidiary of Solutions30, in Belgium. This major contract is structured as a long-term, shared-interest (Vested) outsourcing agreement.

Financial report for the half-year ended June 30, 2024

Adjusted EBITDA up +37%

Gianbeppi Fortis, Chief Executive Officer of Solutions30, stated: “Solutions30’s second-quarter revenue’s evolution is primarily the natural consequence of the increased priority we have placed on margins in our more mature markets in order to preserve value creation. This has led us to reduce our exposure to certain contracts whose profitability no longer meets group standards, especially in the telecommunication markets in France and Spain. Although our deployment activities in Benelux remain very promising, they have been delayed due to a ‘wait-and-see’ attitude from telecom service providers, who are discussing how they could rationalize their investments, under the regulator’s guidance. Having passed the billion-euro revenue mark, Solutions30 now manages its business portfolio with a greater focus on profitability and cash generation. To this end, we are continuing to focus our development efforts on businesses that promise attractive growth and margins.”

PRESS RELEASE

Solutions30 today announced its decision to postpone the extraordinary general meeting of shareholders on the regrouping of its shares. After careful consideration of various factors, affecting the timing and effectiveness of this project, Solutions30 intends to revisit the topic of regrouping of shares and its possible timetable at a later date.

The Solutions 30 SE General Meeting was held in Luxembourg on June 17, 2024, chaired by Gianbeppi Fortis, Chairman of the Management Board.

SOLUTIONS 30 SE (the Company) informs its shareholders that its annual general meeting (Annual General Meeting) and its extraordinary general meeting (Extraordinary General Meeting together with the Annual General Meeting to be referred to as the General Meetings) will be held on 17 June 2024 at 2:30 p.m. (Luxembourg time) and 4.30 p.m. respectively at Sofitel Luxembourg Europe, 6 rue du Fort Niedergruenewald, L-2226 Kirchberg, Luxembourg. The General Meetings will be video broadcasted live, through the Company’s website.

Regulated Information
May 17, 2024, 8:00 am

Paris, May 16^th, 2024

- Continued revenue growth, at a higher rate compared to Q1, with significantly improved visibility in Italy and in Belgium, and the announced acceleration of growth in Germany
- Continued improvement in adjusted EBITDA margin