SOLUTIONS 30 : Solid growth in turnover and half-year results
(Thomson Reuters ONE) -
* Turnover: +36%
* Adjusted EBITDA((1)) : +38%
* Net income (Group share): + 39%
* Profitable, double-digit growth outlook for 2017 confirmed
The supervisory board of SOLUTIONS 30, Europe's leading provider of solutions
for New Technologies and connected objects, today meeting under the chairmanship
of Jean-Marie Descarpentries, examined and approved the consolidated financial
statements for first-half 2017, which ended on 30 June, as approved by the
Management Board.
--------------------------------------------------------------------------------
? million 30/06/2017 30/06/2016 Change
--------------------------------------------------------------------------------
Turnover 117.2 86.3 +36%
--------------------------------------------------------------------------------
Adjusted EBITDA((1)) 10.6 7.7 +38%
As % of turnover 9.0% 8.9%
--------------------------------------------------------------------------------
Adjusted EBIT((2)) 9.1 6.8 +35%
As % of turnover 7.8% 7.9%
--------------------------------------------------------------------------------
Net profit/(loss) from consolidated 6.2 4.3 +44%
companies( (3))
As % of turnover 5.3% 4.9%
--------------------------------------------------------------------------------
Net income (Group share) 4.9 3.5 +39%
As % of turnover 4.2% 4.1%
--------------------------------------------------------------------------------
Financial structure data 30/06/2017 31/12/2016 Change
--------------------------------------------------------------------------------
Equity 41.6 37.5 +?4.1 million
Net debt 28.1 20.6 +?7.5 million
Interest Coverage Ratio((4)) 11.8x 11.7x -
--------------------------------------------------------------------------------
((1) )Operating income from recurring activities ((*)) before provisions net of
writebacks of amortisation and depreciation
((2)) Operating income from recurring activities((*)) before amortisation of
intangible assets, including client relations
((3) )Before amortisation of goodwill
((4)) EBIT on net financial expense - The coverage rate of net financial expense
through EBIT
((*) )Are considered non-recurring activities: income and expense which is
significant due to its amount, unusual by type and uncommon. In particular,
restructuring costs resulting from acquisitions and integrations of companies.
Gianbeppi Fortis, Chairman of the SOLUTIONS 30 Executive Board, commented:
"These results confirm the Group's capacity to simultaneously manage solid
expansion in France, strong organic growth across Europe as well as the
integration of structuring acquisitions, particularly in Germany. Since 2015,
SOLUTIONS 30 has accelerated its growth momentum which has been successfully
harnessed thanks to a business model combining operating efficiency and
financial discipline. Our performance is also and above all the product of our
teams' unrelenting commitment as well as their skills and responsiveness."
"We will continue to replicate our French business model across all regions
where local installations are required. Germany has become the Group's second
market in this half-year, added Karim Rachedi, Chief Operating Officer of
SOLUTIONS 30. With the advent of digital, which impacts all business sectors, we
can draw on a number of growth drivers in France and internationally. SOLUTIONS
30 has the infrastructure in place to capture growth in these markets and we
have now secured our referencing on most tenders issued or being studied in
France, Germany, Italy, Benelux and Spain in our fields of expertise."
Strong growth in H1 2017
In H1 2017, SOLUTIONS 30 achieved consolidated turnover of ?117.2 million, up by
+36% compared with H1 2016.
In France, turnover reached ?74.9 million, versus ?61.3 million a year earlier,
i.e. purely organic growth of 22%, largely attributable to the Group's fibre-
optic roll-out and Linky smart meter installation businesses.
Internationally, where the Group now conducts 36% of its business, turnover came
out at ?42.3 million over the half-year, resulting in robust growth of 69% that
was driven by the integration of external growth acquisitions made in Germany,
Benelux and Spain. At constant scope, organic growth was 17%.
38% growth in adjusted EBITDA and 35% growth in adjusted EBIT
Adjusted EBITDA stood at ?10.6 million, up by 38%, i.e., in relative value,
9.0% of turnover, up slightly compared with 8.9% in H1 2016. And this, despite
the 1.1 point increase in direct operating costs, linked to the ramp-up made in
France and offset by structuring costs being kept under control.
After recognition of operating amortisation for ?1.5 million, linked to the
business software,
S30 Net, and equipment used by the Group's technicians, adjusted EBIT came out
at ?9.1 million, up by 35%.
Financial income was ?(0.8) million versus ?(0.4) million a year earlier. It
includes ?0.2 million in non-recurring expense linked to the implementation, at
the start of the year, of structured financing securing the Group's external
growth policy (establishment of a ?35 million credit line over a 6-year period,
mid-long-term debt renegotiated for an amount of ?30 million over a 6-years
period, and short-term debt for
?10 million, confirmed for 5 years).
Net profit from consolidated companiesreached ?6.2 million versus ?4.3 million a
year earlier and net income (group share) reached ?4.9 million, up by 39%.
A solid financial structure
At 30 June 2017, Group equity totalled ?41.6 million versus ?37.5 million at 31
December 2016 and net debt amounted to ?28.1 million versus ?20.6 million.
With a gearing (net debt to equity) of 67%, and a coverage rate for net
financial expense through adjusted EBIT of 11.8x, the Group has the room for
manoeuvre needed to continue its growth strategy.
Growth outlook confirmed
The Group's good first-half performance confirms its profitable double-digit
growth targets for the 2017 financial year.
The Group will continue its efforts in the second half-year to control an
increase in direct costs linked to: the integration of recently acquired German
companies; the set-up of Energy business in Italy; and investments in France to
roll out high-speed internet and Linky meters.
Next key dates:
8 November 2017 Q3 2017 turnover
23 January 2018 2017 turnover
Results will be announced after the close of the Alternext and XETRA markets,
i.e. 20:00 CET.
About SOLUTIONS 30
The SOLUTIONS 30 Group is Europe's leading provider of Solutions for New
Technologies. Its mission is to make the technological changes that transform
our daily lives accessible for everyone, individuals and businesses alike:
yesterday computers and the Internet, today, digital; tomorrow, the technologies
that will make the world ever more connected in real time. Since its founding,
the Group has handled more than 10 million calls by drawing on a network of
3,700 regional technicians. SOLUTIONS 30 currently covers the whole of France,
Italy, Germany, the Netherlands, Belgium, Luxembourg and Spain. SOLUTIONS 30
S.E.'s capital comprises 20,440,516 shares, with an identical number of
theoretical and exercisable voting rights.
SOLUTIONS 30 S.E. is listed on the Alternext market - ISIN FR0012750586 - code
ALS30, eligible for the PEA-PME share savings plan, and on the Frankfurt stock
exchange on the Xetra electronic system (ISIN FR0010263335 - code EO2)
For more information, go to www.solutions30.com
SOLUTIONS 30 CONTACTS:
SOLUTIONS 30 EDIFICE COMMUNICATION
Nezha Calligaro | Cash Manager Samuel Beaupain | Press Relations
+352 2 648 19 17 +33 (0)6 88 48 48 02 | samuel(at)edifice-
communication.com
GENESTA Finance
Hervé Guyot | Listing Sponsor Nathalie Boumendil | Investor Relations
+33 (0)1 45 63 68 60 | hguyot(at)genesta- +33 (0)6 85 82 41 95 |
finance.com nathalie(at)edifice-communication.com
PR SOL30:
http://hugin.info/143517/R/2137058/817873.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SOLUTIONS 30 via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 26.09.2017 - 20:14 Uhr
Sprache: Deutsch
News-ID 561403
Anzahl Zeichen: 10390
contact information:
Town:
Luxembourg
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 189 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SOLUTIONS 30 : Solid growth in turnover and half-year results"
steht unter der journalistisch-redaktionellen Verantwortung von
SOLUTIONS 30 (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
