April 29, 2026
Q1 revenue of €203.3 million, down -8.6%
- Stronger seasonality due to unfavorable weather conditions at the start of the year, especially in Germany, Poland, and for the Energy activities in France
Connectivity in France (13% of group revenue): continuation of accelerated adaptation measures
- Revenue down -29.9% in Q1
- First structural actions launched at the end of 2025 completed under good execution conditions
- Continued reduction of exposure to least profitable activities
Solid fundamentals across the rest of the Group
- Energy becomes Solutions30’s largest revenue contributor in France, in well-oriented markets
- Gradual resumption of fiber roll-out in Belgium
- Strong positioning with established telecom service providers in Germany, in a market undergoing structuring
| Q1 | |||
| In millions of euros | 2026 | 2025 restated* | % change |
| Group | 203.3 | 222.3 | -8.6% |
| Benelux | 81.6 | 88.7 | -8.0% |
| France | 69.8 | 76.3 | -8.6% |
| Germany | 19.0 | 21.9 | -13.5% |
| Other Countries | 32.9 | 35.4 | -6.8% |
* In accordance with IFRS 5, the 2025 comparative data have been restated to reflect the classification of the United Kingdom and the divested telecoms business in Spain as discontinued operations at the end of 2025.
Gianbeppi Fortis, Chief Executive Officer of Solutions30, stated: “In the first quarter of 2026, trends observed in 2025 continued, along with the actions implemented in response. The Group continues to navigate a mixed market environment to which we are responding with discipline and determination, by adapting our model and further increasing our selectivity, particularly in French Connectivity. At the same time, we continue to rely on solid fundamentals in Energy, in fiber in Belgium, as well as with established telecom service providers in Germany, which are increasingly emerging as the best-positioned players in the current phase of market structuring. The transformations underway are deep and demanding, but they are essential to sustainably adapt the Group to the specificities of its mature markets, and gradually improve its financial performance.”