(News Bulletin 247) – The Luxembourg company specializing in technical services for new technologies has unveiled online profitability with its objectives for the past year. Solutions 30 renewed its ambitions for 2026, which include a tripling of turnover in Germany.

The year 2024 was a year of transition for solutions 30. The group has chosen to favor the improvement of margins in relation to the growth of turnover, by adopting a more selective approach in certain mature markets.

The specialist in technical services for new technologies had thus revealed in late January a turnover dropped by almost 6% in published data, penalized by a degraded activity in France and a stop in the deployment of fiber in Belgium.

Despite this contraction of its activity, solutions 30 had nevertheless maintained its profitability prospects for the past year. The group rendered its verdict on Monday March 31 after the closure, and the commitments were held.

Priority to selectivity

In 2024, the EBITDA (gross operating profit) adjusted from solutions 30 released to 75.1 million euros. This level of EBITDA thus reflects an increase of 0.7% compared to the previous year, which is “just in line with the target of growth of growth compared to 2023”, notes TP ICAP Midcap. The EBITDA, however, comes out below the expectations of Oddo BHF which was tapped on 80 million euros.

The corresponding margin improves 40 base points (0.4 percentage point) to go from 7.1% in 2022 to 7.5% of turnover at the end of December 2024.

The group indicates that it has made the strategic choice to favor the improvement of margins in relation to the growth of turnover, by adopting a more selective approach in certain mature markets.

Solutions 30 says, for example, having initiated a “selective decrease” in telecommunications in France and Spain in particular, where certain contracts no longer responded to its “profitability requirements”. At the same time, he concentrated his forces in Germany, a new land of conquest of solutions 30 and in energy services.

“This choice has borne fruit, since we were able, this year again, to significantly improve our margins and even record a slight increase in our adjusted Ebitda, despite a drop in our turnover,” said Gianbeppi Fortis, Chairman of the 30s.

“Solutions 30 continues its transition phase to a better balanced model between profitability and growth”, appreciates Oddo BHF.

A “good surprise” on the cash

On the other hand, solutions 30 has failed to generate profits for the third consecutive year, due to non-recurring items due to the reorganizations carried out by the company in France, Spain and in the United Kingdom (13.4 million euros) and the weight of net financial charges (13.1 million euros) in connection with the increase in debt and factoring at the end of 2023.

Solutions 30 displays a net loss starts from the group of 15.8 million euros, but it was reduced compared to the 22.7 million euros of 2023. This improvement is less strong than hoped by TP ICAP MIDCAP which awaited a lower deficit (-4.7 million euros), when ODDO BHF was tapped on a net loss of 12 million euros.

The design office previously mentioned notes, however, a “good surprise relates to the FCF (available cash flow) which become positive again (6 million euros – Improvement of working capital requirement) and make it possible to slightly reduce the net debt (74 million euros in IFRS, ie 1x the Ebitda)”.

“This publication is again encouraging and the recovery seems to be confirmed,” greets TP ICAP Midcap.

Roadmap 2026 renewed

For the current year, Solutions 30 has not formulated encrypted perspectives. The group called to approach the year 2025 “on solid bases, with renewed confidence in its fundamentals”.

The company also takes advantage of this point on its 2024 results to renew its objectives for next year press releases for the first time during a day investors organized at the end of September 2024.

On this horizon, the group aims, among other things, a margin of adjusted Ebitda greater than 10% in the Benelux, France and Germany, its three major location areas. Solutions 30 also expects a tripling of its turnover in Germany to reach 150 million to 200 million euros.

“While waiting to enter a recovery cycle of our results forecast (little modified following this publication)”, Oddo BHF remains in neutral on the value, but notes its target of course at 1.5 euros. The design office now incorporates into its model a return to available cash flow flows as well as “increased visibility” of Germany activity (8% of turnover 2024 – numerous growth relays reinforced by the vast investment plan of the authorities in infrastructure).

After a slow departure at the start of the session, the ads of solutions 30 are greeted. On the Paris Stock Exchange, the title of the ex-PC30 displays one of the best performances on the Parisian market, namely a 9%gain, around 10:30 am. The increase therefore bears the annual gains of 30 on the stock market solutions, more than 78%.