2023 Q4 Revenue Report

• Revenue up +15.3% in the fourth quarter of 2023 to €285.7 million
• Revenue up +16.7% in 2023 to €1,055.5 million, in line with the target to surpass one billion euros in annual revenue
• Profitability improves in the second half of 2023
• Favorable trends confirmed for 2024 as strong growth continues and margins are set to improve

In millions of euros	12 months			Q4
	2023	2022	% change	2023	2022	% change
Total	1,055.5	904.6	+16.7%	285.7	247.8	15.3%
From France	404.1	425.9	-5.1%	106.3	107.3	-0.9%
From Benelux	381.3	221.9	+71.9%	111.7	69.7	+60.2%
From Other Countries	270.1	256.8	+5.2%	67.7	70.7	-4.2%

63% of group revenue generated outside of France

Solutions30 ended 2023 with a 15.3% increase in quarterly revenue compared to the same period in 2022 (+14.6% organic growth).

For its 20^th anniversary, Solutions30 passed the symbolic milestone of €1 billion in revenue, notching up consolidated revenue of €1,055.5 million, an increase of +16.7% (+16.3% organic growth).

Throughout the year, growth was driven by excellent momentum in the Benelux, where Solutions30 consolidated its position as one of the leading deployers of ultra-fast Internet networks (FTTH). This momentum is expected to continue in 2024, and will be reinforced by the gradual ramp-up of recent contracts signed in Germany.

Revenue by region

In France, revenue in the fourth quarter of 2023 was €106.3 million compared to €107.3 million a year earlier, representing a slight decline of 0.9% (-2.9% organic growth).

Connectivity Solutions generated revenue of €73.1 million, down 5% compared to the fourth quarter of 2022. As announced, the traditional back-to-school peak in revenue occurred during the months of September and October, slightly penalizing the fourth quarter.

Revenue from Energy Solutions amounted to €17.5 million, up 49% (+31% organic growth). This performance was driven by strong organic growth in the solar business and the integration of Elec ENR.