Strong growth in Germany, the group’s future third pillar: +51%Strong growth in Energy activities: +30% 2024 full-year margin outlook confirmed Improvement of the Group’s adjusted EBITDA marginIncrease in adjusted EBITDA despite the revenue decline, demonstrating the relevance of the Group’s reinforced selectivity strategy 12 monthsQ4In millions of euros (unaudited)20242023% change20242023% changeGroup994.61,057.0 -5.9%251.8287.3 -12.4%Benelux371.6381.6 -2.6%92.7112.0 -17.2%France360.6403.3 -10.6%90.5105.6 -14.3%Other Countries 262.4272.1 -3.6%68.669.7 -1.6% Gianbeppi Fortis, Chief Executive Officer of Solutions30, stated: "As previously announced, Solutions30’s 2024 revenue trends reflect the Group’s strategic priorities, with a stronger focus on margins over revenue growth in a mixed market environment.
€994.6 million in total revenue for 2024, down -5.9%, reflecting the Group’s strategic orientations Prioritizing margins over revenue growthManaged decrease in the most mature marketsFocus on the Group’s profitable growth drivers, primarily in Germany and in Energy activities Q4: €251.8 million in revenue, down -12.4% Q4 2023 comparison basis particularly highImpact of selectivity measures implemented in Q2 in the telecom sector in France and SpainFiber activity in Belgium remains low as negotiations continue between telco service providers seeking to pool their investments.
Trends in Q4 remained in line with those observed in Q3, with: (i) the impact of selectivity measures implemented in Q2 in the French and Spanish telecom sectors, (ii) continued low levels of activity in Benelux, largely due to ongoing negotiations between Belgian service providers seeking to pool their fiber roll-out investments, and (iii) continued strong momentum in the Group’s key growth drivers: Germany, where fiber deployments are accelerating rapidly, and Energy services, a business the Group is successfully expanding.
