Solutions 30 (S30) Q3 2026 TU earnings summary

Executive summary

• French loss-making telecommunications framework operations ceased at September-end; German customer repositioning is largely complete, with the exit from loss-making activities scheduled to finish by year-end 2026.

• Refocused activities, representing ~84% of 9M revenue, grew 3.0% YoY and are planned to form the continuing portfolio from 2027.

• 9M total revenue fell 14.8% YoY to €563.1m, while revenue excluding the exiting scope rose 3.0% to €474.8m.

Financial highlights

• 9M revenue was €563.1m, down 14.8% YoY; organic contraction was 15.8%, acquisitions contributed 1.0%, and FX impact was negligible.

• Q3 revenue was €162.7m, down 22.9% YoY on a purely organic basis.

• Exiting-scope 9M revenue declined 55.9% YoY to €88.3m; Q3 revenue fell 84.7% to €9.5m.

Outlook and guidance

• Exit from the remaining restructured activities and completion of French operational reorganization are expected by year-end 2026; the portfolio is intended to be streamlined and structurally more profitable in 2027.

• New German Deutsche Telekom fiber contracts are expected to generate cumulative revenue above €20m by end-2027.

• A strategic webinar on November 17, 2026, is set to present the roadmap, geographic priorities, and growth opportunities for the next development cycle.