Technology services company Solutions 30 reported a sharp decline in first-half core profit and a loss at the net result level, hampered by a weak performance in France.
"Performance in France has been penalized by our historical markets reaching maturity and by the delay in our growth drivers - especially for the energy transition - due to supply chain disruptions," Chief Executive Officer Gianbeppi Fortis said in a statement.Solutions 30 posted a 77.5 per cent drop in its adjusted earnings before deducting interest and taxes , which reached 6.7 million euros in the first six months of its financial year ending on June 30.
Its net result for the period turned to a loss of 12.3 million euros, against a profit of 14.1 million euros last year."We have reached a low point and we anticipate a recovery in the final quarter that will continue throughout 2023," said Fortis.