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