France's Solutions 30 Q3 revenue falls 22.9% on contract exits

By Reuters News


Overview

  • European technology and energy services provider's Q3 2026 revenue fell 22.9% yr/yr amid exit from loss-making contracts

  • Company posted 9.9% adjusted EBITDA margin in H1 2026 under refocused scope

  • Company completed exit from loss-making telecom contract in France by end of September


Outlook

  • Company to complete exit from loss-making activities by end-2026

  • Solutions30 expects to enter 2027 with a more profitable, refocused business portfolio

  • Company sees growth opportunities in energy transition, data centers, and railway infrastructure


Result Drivers

  • TELECOM CONTRACT EXIT - Q3 revenue declined primarily due to deliberate withdrawal from loss-making telecom contract in France, per CEO Gianbeppi Fortis

  • BENELUX PROJECT COMPLETION - Revenue declined in Benelux due to scheduled completion of digital meter roll-out projects


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 162.70 mln


Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the it services & consulting peer group is "buy."

  • Wall Street's median 12-month price target for Solutions 30 SE is €1.03, about 122.6% above its November 4 closing price of €0.46


Reuters Recommended Reads

  • Nov 4 - France's NEURONES Q3 revenue rises on organic growth

  • Nov 4 - Tech solutions firm Unisys' Q3 revenue beats on strong new business signings

  • Nov 3 - TeamViewer cuts 2026 revenue outlook as Q3 revenue falls


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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