Technology services company Solutions 30 reported a decline in the first half of the company's core profit and a loss at the net result level, hampered by a weak performance in France.
Performance in France has been penalized by the historical markets reaching maturity and the delays in our growth drivers - particularly for the energy transition due to supply chain disruptions, Chief Executive Officer Gianbeppi Fortis said in a statement.
He said we are now in the midst of an operational transition.
Solutions 30 posted a 77.5 per cent drop in adjusted earnings before deducting interest and taxes EBIT, which was 6.7 million euros $6.45 million in the first six months of its financial year ending June 30.
The net loss for the period was 12.3 million euros, against a profit of 14.1 million euros last year.
Fortis said that the group has confirmed its long-term outlook, citing an excellent momentum outside France.