SOLUTIONS 30 : Results of the first half 2014

Increase of the operating profit by almost 50 percentExecution of more than 7 million interventionsConfirmation of the forecast for 2014Production start of smart meter Linky

Solutions 30 SE publishes today its (unaudited) results for the first six months of 2014.

Selected key figures (consolidated):

In mio. Euro1. HY 20141. HY 2013Change Net sales 54,2 43,0 +26% Operating incomce* 3,9 2,7 +44% Earnings before taxes* 3,8 2,7 +41% Earnings of consolidated companies* 2,5 1,0 150% Net income 1,8 0,6 200%

       *before amortization of participations

I - Comments on financial figures

As published already on July 24th, net sales have been 54,2 mio. Euro, representing an increase of 26 percent compared to the same period in the previous year. Two third of this increase is based on the acquisitions France, Germany and Italy made in 2013. 28% of sales have been generated outside France.

The measures that have been taken to improve the profitability of the group have already shown results in the first half of 2014. The profit before taxes increased by 41 percent to 3,8 mio. Euro, respectively 7,0 percent of net sales. Thereby, return from sales improved by 0,7 percent compared to the previous year. Increase of profitability will stay our priority in 2014.

After amortization of participations net income has been 1,8 mio. Euro. Thus, the net income oft he first six months 2014 has tripled in comparision to the same period of the previous year.

At the end of the period (June 30th), gross liquidity was 11,7 mio. Euro, mid-term liabilities summed up to 7,7 million Euro and equity summed up to 17,0 mio. Euro.
Solutions 30 confirms its forecast for 2014 of a two-digit increase in net sales and an improved profitability compared tot he previous year.

II - Recent developments

Smart meters: the investment plan, introduced by French authorities on July 9th 2013 regarding the implementation of the smart meter Linky by ERDF foresees the exchange of 35 mio. old meters until 2020. In a first phase between 2014 and 2016 three million meters should be substituted by Linky.

Responsible authorities have started a tender in summer 2014. Based on this tender, selected producers already started the manufacturing of Linky. Solutions 30 expects the results of its participation in this tender in the beginning of 2015. The installation of Linky should start in the end of 2015. In a pilot project regarding the exchange of old meters by new ones, ERDF exchanged 260.000 meters in 2010 out of which 80.000 meters (almost a third) have been exchanged by Solutions 30.

New contracts: Solutions 30 published the signature of two important contracts in September:Contract with Dutch NEDFIBER, a big provider of ethernet- and glas-fiber networks specialzed in business parks in the Netherlands. Contract volume are 25 mio. Euro over three years. Contract with Securitas Direct, the European market-leader for security solutions and video surveillance, for the maintenance of the product "Verisure", ist latest alarm-system for remote surveillance including smart home functionalities.Furthermore, Solutions 30 won a tender from hp Italy to provide services for hp computers. This is another important business area of Solutions 30 that has been successfully established in France and that is now exported to the remaining European countries.
 Financial communication: Solutions 30 is going to present its half years' results on a meeting on October 1st in Paris, shortly before it will be presented by its management on the MidCap conference that takes place in Paris on October 2nd and 3rd.

Important Events
October 23rd 2014: Publication of the results of the first half of 2014
November 26th 2014: Company Presentation at the Eigenkapitalforum of Deutsche Börse
End of January 2015: Publication of net sales 2014
Mid April 2015: Annual Report 2014

PR SOL 30


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Source: SOLUTIONS 30 via Globenewswire
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