Grolleau: 10% growth in the 3rd quarter

On November 18, 2025, Grolleau announced a 10% increase in consolidated revenue for the third quarter. This pro forma result reached €12.5 million, driven by the Smart City and Telecoms & Data divisions. The Telecoms & Data division achieved growth of 29.1%, thanks to deliveries of fiber optic shelters for GoFiber and strong business in China with Nokia. In contrast, the Smart City division, while showing improvement, recorded a decline of 7.5%, while the Energy & Industry division grew by 6.8%.

An acceleration of activity is anticipated for the fourth quarter. Deliveries for the Energy contract and the first series of cabinets for Polytex should contribute to this momentum. However, the termination of the contract with IES Synergy could impact the Smart City division.