Solutions 30 : Well positioned to benefit from accelerating fibre roll-out
>We expect Q2 sales at -11% in organic terms y-o-y, due to the lockdown - We forecast Q2 2020 sales of € 144m, which equates to an organic decline of 11% y-o-y (vs +13% in organic terms in Q1) and a q-o-q decline of 24%. Based on our recent contact with management, we understand that the group posted a drop in sales in April of around 30% compared to March. Business then recovered sharply as of May. We anticipate negative organic growth of 12% in France (see page 2), ...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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