Solutions 30 : +19% GROWTH IN 2021 Q1 REVENUE
Strong sales momentum and very positive market
trends
Outlook for double-digit, profitable growth
confirmed
Solutions 30 SE, the European leader
in solutions for new technologies, today disclosed its revenue for
the first quarter of 2021.
In millions of euros |
Q1 2021 |
Q1 2020 |
% change |
Total |
225.2 |
189.3 |
+19.0% |
From France |
142.1 |
116.4 |
+22.1% |
From Benelux |
37.0 |
34.8 |
+6.3% |
From other countries |
46.1 |
38.1 |
+21.0% |
Data for the Q1 2020 have been restated to
consolidate Worldlink as of January 1, 2020.
Solid growth trend
continues
Consolidated revenue
Solutions 30’s consolidated revenue for the
first quarter of 2021 amounted to €225.2 million, up +19.0%
(+15.4% organic growth) compared to the same period in 2020. The
group’s maintenance business, which is recurrent in nature,
represents 58% of the group’s revenue.
As in 2020, positive momentum in the
telecommunications market continued to drive Solutions 30’s
growth in the first quarter.
Revenue by region
France: Revenue from France in
the first quarter of 2021 amounted to €142.1 million, a purely
organic increase of +22.1%.
With revenue of €103.2 million, the telecom
business was up 29% compared to the first quarter of 2020, thanks
to the continued roll-out of the national fiber-optic network and
an increasing number of subscribers.
For the energy business, revenue reached
€23.3 million, compared with €20.1 million a year
earlier, representing organic growth of 16%. This business
benefited from a favorable base effect at the end of the quarter,
as smart meter installations were interrupted last year due to the
health crisis. In the first half of the year, this effect will
offset the slowdown in the number of smart meters installed. Mass
deployments are expected to end in December 2021.
The IT business posted revenue of
€11 million, up 6% over the quarter, while the security and
payments business – which was affected by the lockdown measures,
curfews, and travel restrictions – posted revenue of
€4.6 million compared to €5.9 million a year earlier.
Benelux: First-quarter revenue
amounted to €37 million, up +6.3% (+1.7% organic growth).
The telecoms business, which grew organically by
8%, generated quarterly revenue of €28.9 million. Sales are
expected to continue apace with the forthcoming deployment of
Belgium’s broadband Internet network.
Revenue for the energy business amounted to
€3.9 million, compared with €2.5 million a year earlier.
The signing last December of a contract to deploy smart meters in
Flanders began to contribute to revenue in March.
For IT, revenue remained stable at
€2.4 million.
Other countries: First-quarter
revenue was up by +21.0% (+7.4% organic growth) to
€46.1 million.
In Germany, revenue amounted to
€16.2 million compared to €16.3 million the previous
year. While Germany was only slightly impacted by the health crisis
in the first half of 2020, the situation worsened at the end of the
year and during the first quarter of 2021. The underlying trends
remain strong, and the group expects broadband deployments to begin
as early as 2021.
In Italy, the group benefited from a favorable
base effect and the start of the contract signed at the beginning
of the year with TIM to deploy its ultra high-speed infrastructure
in Piedmont and the Aosta Valley. Revenue was up 33% (13% organic
growth) to €8.7 million.
In Spain, revenue grew organically by 23% to
€11.7 million, thanks to strong momentum in the telecoms
business (fiber and 5G mobile networks).
In Poland, the group posted revenue of
€5.6 million, stable compared to the first quarter of
2020.
Finally, at the end of 2020, Solutions 30
announced its entry into the UK market with the acquisition of
Comvergent, which has been consolidated since December 1st. The
group posted revenue of €3.9 million for this region.
Outlook for double-digit, profitable
growth confirmed
As detailed in its annual earnings press
release, also published today, Solutions 30 continues to grow
in markets that are benefiting from two very favorable structural
trends: the digital transformation and the energy transition.
Business in the first quarter was very strong, confirming the
group’s outlook for another year of double-digit, profitable
growth.
Upcoming event
2021 Q2
Revenue
July 27, 2021
About Solutions 30
SE
The Solutions 30 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
30 million call-outs carried out since it was founded and a
network of more than 15,700 local technicians, Solutions 30
currently covers all of France, Italy, Germany, the Netherlands,
Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and
Poland. The share capital of Solutions 30 SE consists of
107,127,984 shares, equal to the number of theoretical votes
that can be exercised.Solutions 30 SE is listed on the
Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes:
MSCI Europe Small Cap | Tech40 | CAC PME | SBF120 | CAC Mid 60.
Visit our website for more information: www.solutions30.com
Contact
Analysts/investors
Nathalie Boumendil | Tel: +33 6 85 82
41 95
|
nathalie.boumendil@solutions30.com
Press - Image 7:
Leslie Jung
| Tel: +44 7818
641803
|
ljung@image7.fr
Flore
Larger
| Tel: +33 6 33 13 41
50
|
flarger@image7.fr
Charlotte Le Barbier | Tel: +33
6 78 37 27 60
|
clebarbier@image7.fr
Glossary
Organic
growth
Organic growth includes the organic growth of acquired companies
after they are acquired, which Solutions 30 assumes they would
not have experienced had they remained independent.
The group’s growth is detailed in the table
below:
|
Q1 2020 |
|
Q1 2021 |
|
|
Total |
|
Organic growth of existing subsidiaries |
Organic growth from acquired companies |
Acquisitions |
Total |
|
|
|
Value |
% |
Value |
% |
Value |
% |
Value |
Change |
Total |
189.3 |
|
29.1 |
15% |
0 |
0% |
6.8 |
4% |
225.2 |
19% |
From France |
116.4 |
|
25.7 |
22% |
0 |
0% |
0 |
0% |
142.1 |
22% |
From Benelux |
34.8 |
|
0.6 |
2% |
0 |
0% |
1.6 |
5% |
37.0 |
6% |
From
other countries |
38.1 |
|
2.8 |
7% |
0 |
0% |
5.2 |
14% |
46.1 |
21% |
These figures have been rounded and their sum may not perfectly
match the totals given.