France · Delayed Price · Currency is EUR Solutions 30 SE Earnings Call Transcripts
Fiscal Year 2025
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Revenue declined 9.7% in H1 2025, mainly due to French telecoms, while energy and international segments showed strong growth and margin improvement. Transformation plans in France are underway, with benefits expected from 2026, and the group maintains a solid financial position.
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The AGM reviewed 2024 financials, highlighting improved margins and positive cash flow despite lower sales. Strategic focus shifted to energy and German markets, with ambitious growth and margin targets for 2026. All resolutions, including board changes and auditor reappointment, were approved by strong majorities.
Fiscal Year 2024
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Margin improvement and cash generation are now the top priorities, with double-digit EBITDA targeted in France, Benelux, and Germany by 2026. Energy and technology are key growth drivers, supported by selective M&A and operational excellence, while non-core geographies face restructuring or exit.
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Adjusted EBITDA rose 37.4% to €37.7 million with margin up to 7.3%, despite flat revenue and ongoing delays in Belgian fiber. Free cash flow and net income improved, with strong growth in energy and German operations, while profitability remains the top priority.
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Q2 2024 revenue declined 4.5% year-over-year as the focus shifted to margin improvement, with strong growth in energy and German fiber segments offsetting declines in mature telecom markets. EBITDA margin is set to improve for the year, despite a slight revenue decrease.
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The AGM highlighted strong revenue growth, margin improvement, and successful geographic expansion, especially in Benelux and Germany. All resolutions, including accounts approval, auditor appointments, and a new LTIP, were passed. Strategic focus remains on energy transition and organic growth.