Report
Nicolas David

Solutions 30 : Q3 better than expected, positive signals on telecoms in France and Germany

>Q3 beat expectations thanks to a technical effect on Telenet but also a strong re-acceleration on telecoms in France - Yesterday evening, Solutions 30 reported Q3 revenues of € 168m that beat our forecast (€ 156m). Total growth was 47%, of which 22% organic. The bulk of the difference with our forecast (11% organic) was due to the ramp-up of the Telenet contract, which had started slowly in Q3 2018 (around € 8m vs around € 17m in Q3 2019) and thus largely benefited f...
Underlying
Solutions 30 SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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