22% purely organic growth in France
69% growth in international markets, including 17% on an organic basis
First promising contract in Italy for the roll-out of smart electricity meters
Target of double-digit profitable growth confirmed
SOLUTIONS 30, Europe's leading provider of solutions for New Technologies, today announced its unaudited turnover for the first half of 2017.
Sustained growth in H1 2017
Solutions 30's consolidated turnover in the first half of 2017 rose 36% to €117.2 million compared with the same period in 2016.
Turnover in France was €39.4 million in the second quarter of 2017, bringing the total for the first half to €74.9 million, up from €61.3 million in 2016, giving purely organic growth of 22.2%. The strong performance in the first half was in evidence across all Solutions 30's activities. The roll-out of fibre optic and Linky smart meters, initiated in Q1 2016, is now fully operational, with the millionth Linky meter installed on 17 July last.
In international markets, which account for 36% of the Group's business, turnover was €42.3 million in the first half, up a robust 69%, buoyed by the integration of acquisitions in Germany, the Benelux region and Spain. Like-for-like growth was 17%. Growth prospects are strong, particularly in Germany, the Group's second largest market, ahead of Benelux, Italy and Spain.
Solutions 30 continued its acquisition policy during the first half to strengthen its positioning as the partner of choice for its customers. The Group has a strong foundation for growth in the most promising European markets and will keep a sharp eye out for external growth opportunities in line with its goal of continuing to play an active role in a sector where ongoing fragmentation makes it ripe for further consolidation.
First promising contract in Italy for the roll-out of new smart electricity meters
Solutions 30 has been selected by Enel for the roll-out of 380,000 new-generation electricity meters.This new contract accounts for 40% of the first call for tenders by the Italian utility, which intends to replace some 32 million meters in the next few years. Installation will start in Q4 2017.
Growth outlook confirmed for full-year 2017
Building on this strong performance in the first half, SOLUTIONS 30 confirms its target of double-digit growth in full-year 2017. In particular SOLUTIONS 30 anticipates an acceleration of the deployment of fast internet in France and the beginning of the fifth wave of installation of Linky smart meters.
Key dates:
26 September 2017 First-half 2017 results
Results will be announced after the close of the Euronext Growth and XETRA markets at 20:00 CET.
About SOLUTIONS 30
The SOLUTIONS 30 Group is Europe's leading provider of Solutions for New Technologies. Its mission is to make the technological changes that transform our daily lives accessible for everyone, individuals and businesses alike: yesterday computers and the Internet, today, digital; tomorrow, the technologies that will make the world ever more connected in real time. Since its founding, the Group has handled more than 10 million calls by drawing on a network of 3,700 regional technicians. SOLUTIONS 30 currently covers the whole of France, Italy, Germany, the Netherlands, Belgium, Luxembourg and Spain. SOLUTIONS 30 S.E.'s capital comprises 20,440,516 shares, with an identical number of theoretical and exercisable voting rights.
Solutions 30 S.E. is listed on the Alternext market - ISIN FR0012750586 - code ALS30, eligible for the PEA-PME share savings plan, and on the Frankfurt stock exchange on the Xetra electronic system (ISIN FR0010263335 - code EO2)
For more information, go to www.solutions30.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SOLUTIONS 30 via Globenewswire
