SOLUTIONS 30 SE

Latest Results (20.08.2024):

Revenue Growth

SOLUTIONS 30 SE reported a significant increase in revenue for the year 2023, reaching €1.057 billion. This represents a strong 16.8% growth over the previous year, with 16.5% of this growth being organic. The company attributes this success to excellent momentum in the Benelux region, highlighting the advantages of its strategic geographic positioning.

Adjusted EBITDA

In 2023, SOLUTIONS 30 SE saw a substantial rise in its adjusted EBITDA, which increased by 59.6% to €74.6 million. This improvement is nearly triple the adjusted EBITDA for the second half of the previous year. The adjusted EBITDA margin for the year was 7.1%, up 190 basis points, and reached double digits in the Benelux region.

Operating Margins

SOLUTIONS 30 SE's operating margins showed clear improvement in the second half of 2023. The adjusted EBITDA margin for the second half of the year was 8.8%, significantly higher than the 5.3% in the first half and the 3.7% in the second half of 2022. Despite a negative group share of net income at -€22.7 million, this was an improvement from -€50.1 million in 2022, reflecting better overall performance indicators.

Balance Sheet

The company maintained a solid balance sheet to support its growth, with cash net of bank debt standing at €5.7 million. Additionally, SOLUTIONS 30 SE generated €13.4 million in free cash flow for the year, alongside a €26.2 million increase in working capital, which included exceptional impacts.

Future Outlook

SOLUTIONS 30 SE is optimistic about its long-term prospects, driven by the digital transformation and energy transition. The company is focused on operational efficiency and cost control, prioritizing margins over volume. For 2024, SOLUTIONS 30 SE anticipates another year of revenue growth, with adjusted EBITDA margins approaching their medium-term target of double-digit figures.