Annual general meeting of Solutions30
At its annual general meeting, Solutions30
presents the results of its transformation, which has put it on
track to reach €1 billion in revenue in 2023 and
€2.5 billion in the medium term
- Milestone of €1 billion in revenue in 2023
- Completion of the 2018-2023 corporate transformation and
structuring plan
- Governance changes
- New medium-term revenue target of €2.5 billion
The annual general meeting of Solutions30 was
held in Luxembourg on June 16, 2023, and Chaired by its Chief
Executive Officer, Gianbeppi Fortis.
Shareholders approved all the resolutions they
were called upon to vote.
At this year’s meeting, Solutions30 management
presented the results of its 5-year strategic plan, which has seen
the company expand into 10 countries and achieve €1 billion in
revenue in 2023.
Looking back on five years of continuous growth,
Gianbeppi Fortis said: “Over the past five years, our plan has had
two priorities: first, to grow the company by replicating its
historic model across Europe and diversifying its portfolio,
especially in France, and second, to restructure the company
through a transformation plan whose implementation accelerated in
2021.
The company has demonstrated its ability to
replicate its methods and expertise and has built a solid
reputation among some of Europe’s biggest corporations. We just
passed the milestone of generating more than 50% of our revenue
outside France. At the same time, we have developed new expertise
in the energy industry – smart meters, charging stations, and solar
panels – and began offering new services in France under major
European investment plans. Our growth model and financial strength
have allowed us to grow steadily and weather crises while
preserving the company’s business.
Solutions30 managed this growth by constantly
strengthening its internal control processes. Starting in 2019, we
launched a far-reaching overhaul of both the company’s standards
and the internal organization of risk control and compliance. In
2022, an in-depth external audit helped us complete this
process.
Finally, under the responsibility of our Group
Head of ESG, Risk and Compliance, we are now fully committed to our
CSR approach. We will soon present our objectives, focusing on our
societal role with young people, our safety and diversity
commitments for employees, and our carbon reduction targets.
During this general meeting, to prepare for the
group’s expansion in the medium term, we have broadened the skills
and expertise of our supervisory board and reorganized our
management board. With its more diverse skill set, our supervisory
board will be better equipped to fulfill its advisory and oversight
roles. Our management board is now more agile and surrounded by an
enlarged executive committee of experts. This reorganized team will
soon be charting the course that will bring us to €2.5 billion
in revenue in the medium term.”
Five years of transformation that have
brought Solutions30 to €1 billion in revenue
In 20 years, Solutions30 has grown from a small
business to an international corporation that is on track to reach
€1 billion in revenue in 2023. To support such fast-paced
growth, Solutions30 has strengthened its compliance, risk
management, and ESG standards:
Strengthening of the risk management,
internal control, and compliance policy
Starting in 2022, Solutions30 began defining new
control processes and creating a risks and internal control system
manual. To ensure that these procedures are properly implemented,
and more broadly to reinforce group compliance, Solutions30 has
appointed Nathalie Duchesne as Group Head of ESG, Risk and
Compliance. She has begun training and raising the awareness of all
employees about these topics, implemented control processes in each
country and department, and gathered relevant information to better
inform the decisions of the Management Board. She works with a
dedicated network of local contacts in the departments of each
country.
Simplification of the legal organization
chart
In less than five years, Solutions30 has carried
out a comprehensive legal simplification program to facilitate its
internal control, eliminating nearly 50 legal entities, mainly
through intra-group restructuring.
Systematic control of the company’s
subcontractors
Solutions30 has implemented a new third-party
verification policy and appointed a dedicated team of eight people
to carry out systematic checks on its subcontractors. This approach
relies on the subcontractor sourcing platform the group set up in
2021, mySupplace, which currently includes 3,000 partner companies.
This collaborative platform also serves as the group’s compliance
tool, allowing documents supplied by these companies to be
verified, analyzed, and archived.
New governance
Over the past five years, Solutions30 has
strengthened and broadened the skills of all its management bodies
(Supervisory Board, Management Board, and Executive Committee),
with more than 50% of their members being newly appointed. In
recent years, the Supervisory Board has welcomed five new members,
out of seven, each bringing to the table extensive expertise in
finance, auditing, compliance, ESG, and corporate strategy.
At the same time, Solutions30 has strengthened
its codes of conduct and anti-corruption policy, while focusing on
team training and awareness. A whistleblowing platform, which has
proven its effectiveness at resolving situations, ensures that all
weak signals, misconduct, non-compliance, or internal risks get
reported.
Building a CSR approach
Since 2019, Solutions30 has been committed to
CSR (corporate social responsibility) that is aligned with the
United Nations Sustainable Development Goals. In 2022, the group
stepped up this commitment by changing the “Strategy” committee to
the “Strategy and ESG” committee, making ESG a core part of the
group’s roadmap. The ESG strategy, objectives, and performance
indicators were overhauled to make them more transparent, and the
group is currently working on a carbon footprint project using the
GHG Protocol to improve how it measures CO2 emissions. The results
of this work will be communicated in the near future.
In terms of employee safety, Solutions30 has
initiated a review of procedures aimed at preventing work-related
accidents and illnesses, raised awareness among employees on how to
reduce their exposure to risk, and trained teams in ethics and
compliance.
For its social commitments, Solutions30 has a
yearslong recruitment, skills development, and vocational training
policy designed to help young people, some of whom have dropped out
of school, to land their first job. The policy also helps people in
the process of changing careers by training them for positions in
the digital and energy professions of the future. In 2022,
Solutions30 recruited 924 young people under the age of 30,
representing 40% of new hires and up to 21% of the entire
workforce. More than 180,000 hours of training, or 25 hours per
employee, were provided in 2022 in promising technical fields or in
training modules on interpersonal skills and customer service.
The group is also working towards gender
equality by giving women a more central role, with the aim of
increasing the number of women in managerial positions by more than
10% in 2023 and achieving equal pay for men and women. The addition
of Paola Bruno to the Supervisory Board brings the proportion of
women on this governance body to 43%.
Solutions30 enters a new phase of growth
and changes dimension
With its solid structure and strengthened
governance, Solutions30 is poised to enter a new phase in its
history and is ready to scale accordingly.
To meet the market’s needs, customer
expectations, and the challenges of its ongoing transformation,
Solutions30 now relies on three complementary bodies: (i) a
Supervisory Board with enhanced powers to fulfill its oversight
role, (ii) a Management Board limited to four members, which keeps
the group agile, streamlines decision-making, and conserves its
strong growth momentum, and (iii) an expanded Excom that includes
support functions and country heads, all of whom work in close
collaboration with the Management Board.
A Supervisory Board with strengthened
and diversified competences to meet the demands of its oversight
role
With today’s approval of Paola Bruno’s
nomination, the Supervisory Board now comprises 7 members, all of
whom are independent:
- Three long-standing members, who joined before the 2018-2023
period, to guarantee the stability of the group’s governance:
Alexander Sator, Caroline Tissot, and Jean-Paul Cottet. Their
intricate knowledge of Solutions30 and its objectives for the next
5 years puts them in an ideal position to offer strategic advice
for the company’s future.
- Three recently appointed members, who have brought new ideas to
the board and broadened its expertise in finance, audit, risk and
compliance: Thomas Kremer, appointed in 2022, who brings his legal
and corporate governance expertise as well as his knowledge of data
protection, compliance, and risk management; Yves Kerveillant and
Pascale Mourvillier, who bring their expertise in corporate finance
and auditing.
- One new member, Paola Bruno, with 30 years’ experience in
investment banking, who once again strengthens the diversity and
skills of the Supervisory Board with her background in market
finance, corporate finance and strategy, investor relations, and
compliance, especially in times of crisis. Her experience in both
Italy and the United Kingdom, two key markets for the group, is an
important asset and preserves the complementarity of international
experience among Supervisory Board members.
Forty-three percent of the Supervisory Board
members are now female, which brings the group into compliance with
the European “Women on Boards” Directive, ahead of its
transposition into Luxembourg law.
To help the Supervisory Board oversee the
group’s commitments, the audit and strategy committees have been
expanded to cover risk management, compliance, and ESG. These
committees have been renamed the Audit, Risk and Compliance
Committee and the Strategy and ESG Committee.
A smaller Management Board with an
expanded Excom for agile, streamlined performance
Comprising four members with in-depth knowledge
of the company, the Management Board continues to be headed by
Gianbeppi Fortis, Solutions30’s founding CEO, who defines and
steers the group’s strategy. Luc Brusselaers, Chief Revenue
Officer, coordinates the group’s sales force to maximize synergies,
standardize processes, and grow sales across Europe.
Wojciech Pomykała, who joined the Management
Board last February, has been named Chief Operations Officer. He
will be responsible for managing the group’s operations, including
information systems and Solutions30’s ongoing transformation.
His role will be to keep operations in sync with promising areas of
development for the group, specifically its strong growth in the
telecom market outside France.
Amaury Boilot will take over as General Manager
of the French entity. After three years running one of the French
business units, which he successfully transformed and grew, Amaury
was then put in charge of the group’s Finance Department in 2017
and joined the Management Board. Drawing on his operational and
financial experience, his mission will be to improve profitability
in France and continue the transition to new energy activities. He
has also been appointed Secretary General, with responsibility for
the group’s financial, compliance, and legal support functions. His
term of office as a member of the Management Board has been renewed
for four more years.
João Martinho’s term was not renewed. João
Martinho will leave Solutions30 at the end of July. Solutions30
thanks him for his commitment and hard work.
This agile structure will streamline
decision-making, allowing the company to quickly seize market
opportunities.
The Management Board is supported by an
Executive Committee whose members manage the company’s support
functions, including finance, human resources, risk, compliance and
ESG, communications and investor relations, information systems,
and legal. The head of each country is also part of this committee,
reflecting the group’s international strategic ambitions and the
growing share of revenue generated outside France, now over
50%.
Nomination of a new Chief Financial
Officer to prepare for the new phase of growth
Reporting to Amaury Boilot, Jonathan Crauwels
has been named CFO and will also be a member of the Executive
Committee. His role will be to support the group’s businesses as
their fast-paced growth continues. Before stepping into this role,
he successfully drove the profitable and cash-generating growth of
Solutions30 Belgium, doubling revenue at Unit-T and playing a key
role in setting up the joint venture with Telenet in 2018.
A new dimension: Solutions30 targets
revenue of €2.5 billion in the medium term
With this new organization and its solid
positioning in businesses driven by Europe’s massive digital and
energy investment plans, management confirms that Solutions30 is
embarking on a new period of growth with a medium-term revenue
target of €2.5 billion and double-digit EBITDA margins. A new
strategic plan will be announced at the end of 2023.
Upcoming event
2023 Q2 Revenue
Report
July 25, 2023
About Solutions30
SE
The Solutions30 group is the European leader in
solutions for new technologies. Its mission is to make the
technological developments that are transforming our daily lives
accessible to everyone, individuals and businesses alike.
Yesterday, it was computers and the Internet. Today, it’s digital
technology. Tomorrow, it will be technologies that make the world
even more interconnected in real time. With more than
65 million call-outs carried out since it was founded and a
network of more than 15,000 local technicians, Solutions30
currently covers all of France, Italy, Germany, the Netherlands,
Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and
Poland. The share capital of Solutions30 SE consists of
107,127,984 shares, equal to the number of theoretical votes
that can be exercised.Solutions30 SE is listed on the Euronext
Paris exchange (ISIN FR0013379484- code S30). Indexes: MSCI Europe
ex-UK Small Cap | SBF 120 | CAC Mid 60 | NEXT 150 | CAC
Technology | CAC PME. Visit our website for more information:
www.solutions30.com
Contact
Individual Shareholders:Investor Relations -
Tel: +33 1 86 86 00 63 - shareholders@solutions30.com
Analysts/Investors:Nathalie Boumendil - Tel: +33
6 85 82 41 95 - nathalie.boumendil@solutions30.com
Press - Image 7:Charlotte Le Barbier - Tel:
+33 6 78 37 27 60 - clebarbier@image7.frLeslie Jung - Tel: +33 6 78
70 05 55 - ljung@image7.fr
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