HELSINKI, April 28,
2022 /PRNewswire/ -- Solteq Plc Stock Exchange
Bulletin April 28, 2022 at
8.00 am
Solteq Continued its Steady Growth Fueled by Digital Commerce
Solutions and Utilities Business
January-March
- Revenue totaled EUR 19.2 million
(17.4) and increased by 10.7 percent
- EBITDA was EUR 2.7 million (3.5)
and EBITDA percent was 14.1 (20.1)
- Operating profit was EUR 1.4
million (2.2) and operating profit percent was 7.2
(12.8)
- Earnings per share was EUR 0.04
(0.08)
- Solteq Group's equity ratio was 35.7 percent (32.4)
- Net cash flow from operating activities was EUR 2.1 million (3.5)
Key figures
|
1-3/2022
|
1-3/2021
|
Change
%
|
1-12/2021
|
Rolling
12mos
|
|
|
|
|
|
|
Revenue,
TEUR
|
19,239
|
17,383
|
10.7
|
69,055
|
70,911
|
EBITDA, TEUR
|
2,720
|
3,490
|
-22.1
|
12,267
|
11,497
|
Comparable EBITDA,
TEUR
|
2,922
|
3,554
|
-17.8
|
12,556
|
11,924
|
Operating profit,
TEUR
|
1,384
|
2,232
|
-38.0
|
7,123
|
6,274
|
Comparable operating
profit, TEUR
|
1,586
|
2,296
|
-30.9
|
7,412
|
6,701
|
Profit for the
financial period, TEUR
|
795
|
1,456
|
-45.4
|
4,100
|
3,439
|
Earnings per share,
EUR
|
0.04
|
0.08
|
-45.4
|
0.21
|
0.18
|
Operating profit,
%
|
7.2
|
12.8
|
|
10.3
|
8.8
|
Comparable operating
profit, %
|
8.2
|
13.2
|
|
10.7
|
9.5
|
Equity ratio,
%
|
35.7
|
32.4
|
|
36.9
|
34.1
|
CEO Kari Lehtosalo: Solteq
Continued its Steady Growth Fueled by Digital Commerce Solutions
and Utilities Business
Solteq Group's revenue was EUR 19.2
million and increased by 10.7 percent relative to the
comparison period. Approximately a third of the growth was organic.
The revenue from the international subsidiaries accounted for 22.1
percent of the Group's revenue. Solteq Software segment accounted
for just over a third and Solteq Digital segment for less than
two-thirds of the Group's revenue. The growth was fueled by the
digital business and commerce solutions of Solteq Digital and the
Utilities business of Solteq Software.
The general costs of business increased significantly during the
review period. At the same time, Solteq continued to invest in the
internationalization and product development of Solteq Software
segment. Together, these factors diminished the profitability
relative to the comparison period. The Group's EBITDA decreased by
22.1 percent to EUR 2.7 million. The
operating profit decreased by 38.0 percent to EUR 1.4 million. The EBITDA margin was 14.1 and
the operating profit margin was 7.2.
Both segments, Solteq Digital and Solteq Software, grew
accordingly. Solteq Digital's revenue increased by 5.6 percent to
EUR 11.8 million, while Solteq
Software's revenue increased by 19.7 percent to EUR 7.4 million. Solteq Digital improved its
profitability during the review period. As expected, Solteq
Software's profitability decreased due to business development
costs in the Utilities business area. Investments in the Company's
product development amounted to EUR 0.8
million.
The war in Ukraine, which began
in February, has had no immediate impact on the Company's business.
In the long run, it may weaken the economy and the customers'
ability to make investments. In addition to this, the changed
security environment increases the risk of cyber attacks.
At present, the Company is preparing to welcome Aarne Aktan, who will take on his duties as the
new CEO in the summer. Aktan's extensive experience in leading
growth companies will create a good foundation for the Company's
profitable growth in the future.
Profit Guidance 2022
Solteq Group's revenue is expected to grow clearly and operating
profit to improve.
Attachments
Solteq Plc Interim Report January
1 – March 31, 2022
Further information:
Interim CEO, CFO Kari Lehtosalo
Tel: +358 40 701 0338
E-mail: kari.lehtosalo@solteq.com
Distribution
NASDAQ OMX Helsinki
Key media
www.solteq.com
Solteq in brief
Solteq is a provider of IT services and software solutions
specializing in the digitalization of business and
industry-specific software. The key sectors in which the company
has long-term experience are retail, manufacturing, utilities, and
services. The company employs over 650 professionals with offices
in Finland, Sweden, Norway, Denmark, Poland, and the UK, with a customer base
throughout Europe.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/solteq/r/solteq-plc-interim-report-january-1---march-31--2022,c3554500
The following files are available for download:
https://mb.cision.com/Main/10667/3554500/1570458.pdf
|
Release
|
https://mb.cision.com/Public/10667/3554500/b3d25c1c88057982.pdf
|
Interim Report Q1
2022
|