HELSINKI, Finland, Feb. 17, 2022 /PRNewswire/ -- Solteq Plc Stock
Exchange Bulletin February 17, 2022
at 8.00 am
A year of profitable growth
October–December
- Revenue totaled EUR 18.3 million
(16.4) and increased by 11.4 percent
- EBITDA was EUR 2.6 million (3.1)
and EBITDA percent was 14.4 (18.8)
- Operating profit was EUR 1.3
million (1.8) and operating profit percent was 7.2
(10.9)
- Earnings per share was EUR 0.03
(0.03)
January–December
- Revenue totaled EUR 69.1 million
(60.5) and increased by 14.2 percent
- EBITDA was EUR 12.3 million
(10.4) and EBITDA percent was 17.8 (17.2)
- Operating profit was EUR 7.1
million (5.4) and operating profit percent was 10.3
(8.9)
- Earnings per share was EUR 0.21
(0.10)
- Solteq Group's equity ratio was 36.9 percent (35.5)
- Net cash flow from operating activities was EUR 10.0 million (6.3)
- Solteq Group's revenue is expected to grow clearly and
operating profit to improve
- Solteq Plc's Board of Directors proposes that the Annual
General Meeting authorize the Board of Directors to decide on the
distribution of dividend of a maximum of EUR
0.10 per share
Key figures
|
10-12/2021
|
10-12/2020
|
Change
%
|
1-12/2021
|
1-12/2020
|
Change
%
|
|
|
|
|
|
|
|
Revenue,
TEUR
|
18,277
|
16,408
|
11.4
|
69,055
|
60,452
|
14.2
|
EBITDA,
TEUR
|
2,629
|
3,080
|
-14.7
|
12,267
|
10,380
|
18.2
|
Comparable EBITDA,
TEUR
|
2,732
|
3,320
|
-17.7
|
12,556
|
10,810
|
16.2
|
Operating profit,
TEUR
|
1,321
|
1,787
|
-26.1
|
7,123
|
5,350
|
33.1
|
Comparable operating
profit, TEUR
|
1,424
|
2,027
|
-29.7
|
7,412
|
5,780
|
28.2
|
Profit for the
financial period, TEUR
|
604
|
622
|
-2.9
|
4,100
|
1,980
|
107.1
|
Earnings per share,
EUR
|
0.03
|
0.03
|
-3.9
|
0.21
|
0.10
|
106.3
|
Operating profit,
%
|
7.2
|
10.9
|
|
10.3
|
8.9
|
|
Comparable operating
profit, %
|
7.8
|
12.4
|
|
10.7
|
9.6
|
|
Equity ratio,
%
|
|
|
|
36.9
|
35.5
|
|
CEO Kari Lehtosalo: A year of
profitable growth
Solteq Group's revenue for 2021 was EUR
69.1 million, an increase of 14.2 percent from the previous
year. The growth was mainly organic. Profitability of the
international subsidiaries improved significantly, particularly in
Denmark. The revenue from the
international subsidiaries accounted for 22.3 percent of the
group's revenue. Solteq Software segment accounted for just over a
third and Solteq Digital segment less than two-thirds of the
group's revenue. The growth was fueled by Solteq Software's
Utilities business and the digital business and commerce solutions
of Solteq Digital.
The group's year-on-year profitability improved significantly.
EBITDA increased by 18.2 percent, to EUR
12.3 million. Operating profit was EUR 7.1 million, up by 33.1 percent from the
previous year. The operating profit margin was 10.3 percent.
For both segments, the year was a time for growth and
internationalization. Solteq Software clearly exceeded its annual
target of over 20 percent growth in revenue and invested in the
internationalization and software development of its Utilities and
Retail businesses. The segment's result was affected by increases
in subcontracting expenses and general costs. Solteq Digital
developed positively during the year, and growth was particularly
strong in digital business and commerce solutions in the Nordic
market. Investments in the company's product development amounted
to EUR 2.8 million.
The COVID-19 pandemic continued throughout the year. The impact
on business remained minor and mainly affected customer projects in
the travel, service, and leisure sectors. The organization's
operational capacity and the safety of its stakeholders were
ensured by measures adopted already the previous year.
Solteq Group's business outlook remains stable both in
Finland and internationally. The
segments are expected to continue their upward trend, driven by the
more versatile and international offering of Solteq Software's
Utilities business and the digital expert services provided by
Solteq Digital. The company continues its investments in
internationalization and the product development of Utilities
business with focus on the first half of 2022. The digital reality
is affecting everyone. Keeping up with the latest developments is
therefore on the current and future agendas of companies of
different sizes and in various sectors.
Profit guidance 2022
Solteq Group's revenue is expected to grow clearly and operating
profit to improve.
Attachments
Solteq Plc Financial Statements Bulletin January 1 – December 31,
2021
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-s-financial-statements-bulletin-january-1---december-31--2021,c3508126
The following files are available for download:
https://mb.cision.com/Main/10667/3508126/1536330.pdf
|
Release
|
https://mb.cision.com/Public/10667/3508126/8e469ac858f28a15.pdf
|
Financial Statements
Bulletin 2021
|
https://news.cision.com/solteq/i/kari-lehtosalo,c3012978
|
Kari
Lehtosalo
|