Solutions 30 : Cost base brought under very tight control in H1 – TP raised to € 55
>Adjusted EBITDA margin of 9.2% (vs Oddo 8.4%e) despite the very rapid growth recorded in H1 (+37% on an organic basis) - Solutions 30 released a very solid set of H1 results yesterday evening, beating our expectations.With its sales (already reported) having surged by +50.6% to € 176.6m (of which +37% lfl), the adjusted EBITDA margin came out at 9.2% of sales, which is well above our (cautious) estimate of 8.4%. So the many contract start-ups in France (+47% on ...Solutions 30 SE is a France-based company that specializes in information technology (IT) repair services for individual and business clients. Its activity is divided into five key fields, such as IT-Telecom, Energy, Audiovisual, Piont of services and Security. Solutions 30 SE has a network of locally based teams throughout France that provide on-site IT assistance either at home or in the workplace. The Company is also present in Italy. Solutions 30 SE operates through Telima Mediterranee, Telima Ile de France, Mulot Assistance, Telima Reims Family, Telima Mediterranee Family, Mixnet, B&F GmbH in Germany, Connecting Cable GmbH and Vodafone Kabel Deutschland Field Services Gmbh, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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