Between 2018 and 2022, the turnover of the Solutions30 group has doubled to reach 904 million euros. Solutions 30
DECRYPTION – Caught in a stock market storm two years ago, this telecoms subcontractor also present in the energy transition indicates that it has strengthened its governance and will reach one billion euros in revenue in 2023.
For Solutions30, time pes and seems to do its work. Just two years ago, this Luxembourg group, a telecoms subcontractor and installer of Linky counters in France, was at the heart of a stock market maelstrom of rare intensity.
In the spring of 2021, the company had already been in the sights of the hedge fund Muddy Waters and its boss Carson Block for a few months, who lent the company links with the mafia, while accusing it of lending itself to practices. money laundering. Entirely denying these accusations, Solutions30 was however put in difficulty by the decision, extremely rare, of its auditor EY, to refuse to certify the statements of financial services of the group. On May 10, 2021, after several days of suspension, the stock market plunged by 70%.
Having succeeded in obtaining the approval of the accounts by its shareholders that summer, the company nevertheless said it was looking for a reference shareholder, and dangled a delisting.