Revenue as of September 30, 2024
SOLUTIONS 30
Mon, Nov 4, 2024, 6:00 PM 10 min read
€742.8 million in revenue over 9 months, down 3.5%, reflecting the group’s strategic orientations
Implementation of a strategy to prioritize margins over revenue growth
Continuing diversification into activities related to the energy transition, with strong growth of +28%
Accelerating growth in Germany, the group’s future third pillar, at +28%.
Third quarter: €225.4 million in revenue, down 10.1%, reflecting the continuation of 2nd quarter trends
Impact of selectivity measures implemented in Q2 in French and Spanish telecom sectors in France and Spain .
Temporarily reduced fiber activity in Belgium as negotiations continue between telco service providers looking to pool their investments
Sustained strong growth in Germany: +33%.
Strong growth in Energy activity, despite unfavorable seasonal effects in Q3: +26 %
2024 full-year outlook confirmed
9 months
Q3
In millions of euros (unaudited data)
2024
2023
% change
2024
2023
% change
Group
742.8
769.7
-3.5%
225.4
250.7
-10.1%
Benelux
278.9
269.6
3.5%
82.1
89.6
-8.3%
France
270.2
297.8
-9.3%
81.7
98.4
-16.9%
Other Countries
193.8
202.4
-4.3%
61.6
62.7
-1.8%
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.”
Consolidated revenue
In the first nine months of 2024, Solutions30’s consolidated revenue amounted to €742.8 million, down 3.5% from €769.7 million in the same period of 2023. This includes an organic contraction of -4.2%, a +0.3% impact from acquisitions, and a +0.4% favorable currency effect.
