2023 Q3 Revenue Report

• Revenue up +18.0% in the third quarter of 2023 to €250.7 million
• Revenue up +17.2% in the first 9 months of 2023 to €769.7 million
• Growth driven by excellent momentum in the Benelux, confirming the group’s international dimension
• Confirmation of double-digit growth this year, the group expects to surpass the symbolic revenue milestone of €1 billion in 2023
• Profitability set to improve in every geographic segment in the second half of 2023

In millions of euros	9 months			Q3
	2023	2022	% change	2023	2022	% change
Total	769.7	656.8	+17.2%	250.7	212.4	+18.0%
From France	297.8	318.6	-6.5%	98.4	96.7	+1.7%
From Benelux	269.6	152.1	+77.2%	89.6	53.6	+67.1%
From Other Countries	202.3	186.1	+8.7%	62.7	62.1	+1.0%

61% of group revenue generated outside of France

Consolidated revenue

In the third quarter of 2023, Solutions30 posted consolidated revenue of €250.7 million, up +18.0% compared to the same period in 2022 (17.3% organic growth).

In the first nine months of 2023, Solutions30’s consolidated revenue amounted to €769.7 million, up +17.2% compared to €656.8 million in 2022. This represents organic growth of +16.9%.

This growth is mainly driven by Solutions30’s excellent momentum from the Benelux countries. The group’s recognized expertise in the deployment of ultra-fast Internet networks (FTTH) has helped position it as a leader in this market. The group will leverage this position as other countries open up, seeing its first significant contracts coming out of Germany in the next few weeks.

Revenue by region

In France, revenue in the third quarter of 2023 was €98.4 million compared to €96.7 million a year earlier, representing growth of 1.7% (0.2% organic growth).

Connectivity Solutions generated revenue of €70.9 million, up 2.9% compared to the third quarter of 2022. The usual peak in activity that occurs between September and November was especially significant in September and October this year. This had a positive impact on revenue for this quarter, but it means that the fourth quarter may see a slightly negative impact as a consequence. Nonetheless, this will not undermine the overall progress made by France this year.