March 30, 2026
Continued strategic refocusing in a challenging market environment
- Revenue of €892.4 million in 2025 (-5.4% vs. 2024 restated1)
- Adjusted EBITDA margin of 7.3% (-60 bp)
- Gross cash of €73.2 million and net bank debt2 limited to €36.3 million
Good group performance excluding Connectivity business in France
- Group revenue excluding French Connectivity up +2.9% in 2025
- Continued profitable growth in Energy in France (+32.3%)
- Benelux: adjusted EBITDA margin up 260 basis points to 12.6%
- Germany: +13.5% growth in a market still undergoing structuring
- Other Countries: strong improvement in growth (+9.9% in 2025) and margin (6.9%) profile following completion of streamlining actions
Net income Group share of -€60.7 million, including the cost of transformation actions carried out in 2025
- Net non-recurring expenses associated with rationalization measures: -€13.1 million
- Net loss from discontinued operations in the Other Countries segment: -€17.1 million
Connectivity business in France (15% of group revenue): continued execution of structural initiatives in a mature fiber market
- Pressure on margins in 2025 in an environment undergoing profound change
- Continued transformation of operating model and further reduction of exposure to least profitable activities, with effects expected in the second half of 2026
Today, Solutions30 SE is announcing its consolidated results for the year ended December 31, 2025, prepared in accordance with IFRS. Solutions30’s 2025 consolidated financial statements as approved by the Management Board were examined by the Supervisory Board on March 30, 2026. The auditors, PKF Audit & Conseil, have completed their audit of the consolidated financial statements for the year ended December 31, 2025. The audit report relating to the certification of these statements as well as the Group’s consolidated financial statements for 2025 are available on the Solutions30 website (www.solutions30.com) under the “Investor Relations” section.
Gianbeppi Fortis, Chief Executive Officer of Solutions30, stated: “In 2025, Solutions30 operated in a market environment that remained highly contrasted, calling for lucidity, discipline and adaptability. Against this backdrop, the year was marked by particularly sustained efforts to rationalize and refocus our activities. In France, where the deterioration in the telecommunications market was more pronounced than anticipated, we have initiated structural actions within our Connectivity business that will be reinforced 2026, with initial benefits expected to materialize in the second half of the year. In the Other Countries segment, these efforts have produced remarkable results, with a clear upturn in the segment’s growth and margin profile. The robust performance in 2025 of our businesses outside Connectivity in France, particularly in Energy and in Germany, confirms the relevance of our business model. We enter 2026 with determination, fully mobilized to continue the Group’s repositioning and to sustainably improve its profitability and cash generation profile.”
1 In accordance with IFRS 5, the 2024 comparative data in the income statement have been restated to reflect the classification of the United Kingdom and the divested telecom business in Spain as discontinued operations.
2 See definition in the glossary at the end of this document