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Annual General Meeting & Extraordinary General Meeting
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Masmovil, one of the main telecom providers in Spain and Portugal, has signed a new contract with Solutions 30 to provide installation and maintenance services for its high and ultra high-speed broadband subscribers in Spain.
This partnership will help Masmovil better manage its customer service operations in the Catalonia, Aragon, and Galicia regions. This new contract, worth €80 million over 4 years, will increase the volume of services that the provider entrusts to Solutions 30 across the Iberian Peninsula by 30%. As the fourth-largest provider in Spain, Masmovil offers landline, mobile, high- and ultra high-speed Internet services through several leading brands: Yoigo, Pepephone, Masmovil, Hits Mobile Lebara, and Llamay.
as of January 1, 2020.
Solid growth trend continues
Consolidated revenue
Solutions 30 s consolidated revenue for the first quarter of 2021 amounted to €225.2 million, up +19.0% (+15.4% organic growth) compared to the same period in 2020. The group s maintenance business, which is recurrent in nature, represents 58% of the group s revenue.
As in 2020, positive momentum in the telecommunications market continued to drive Solutions 30 s growth in the first quarter.
Revenue by region
France: Revenue from France in the first quarter of 2021 amounted to €142.1 million, a purely organic increase of +22.1%.
With revenue of €103.2 million, the telecom business was up 29% compared to the first quarter of 2020, thanks to the continued roll-out of the national fiber-optic network and an increasing number of subscribers.
Very strong revenue growth
After a strong start to the year, travel restrictions and the closure of some businesses during the first lockdown disrupted Solutions 30 s activities from mid-March to mid-May. Over these two months, revenue was 35% lower than pre-COVID levels. When the lockdown ended, most of the group s markets quickly bounced back to their pre-crisis levels and Solutions 30 returned to sustainable growth by June, growth which continued throughout the year.
Solutions 30 was able to quickly adapt its call-out processes to deal with the health crisis, ensuring the safety of its employees and its business continuity. As a result, the group posted solid performance throughout the year, proving the resilience of its business model, its operational and financial flexibility, as well as its ability to seize new opportunities, especially in the telecom sector.
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