Solutions 30 : Excellent Q4 2019, positive tone on 2020 and triggers in prospect. Buy rating maintained
>Solutions 30 reported better-than-expected Q4 sales - To recap, Solutions 30 posted Q4 sales growth of 33% to € 200m, well above the FactSet consensus (€ 191.6m) and our forecasts (ODDO BHF: € 190m). Organic growth was 20% in Q4 (ODDO BHF: 13% est.), a marked acceleration vs Q3 (+14% organic, excl. the Telenet contract). This outperformance was mainly driven by France, with organic growth of 26% in Q4 (ODDO BHF: 17%) and the telecoms business in particular (+53% orga...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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