Solteq

Solteq reported its first comparable revenue growth in eight quarters, driven by the Utilities segment. However, profitability remained weak as expected, well in line with our estimates.

Solteq reports Q4 figures on February 12. Despite a December guidance cut and change negotiations announced in January, we expect Q4 comparable operating profit to have improved modestly, while sales to have declined y/y.

Solteq’s Q3 results were disappointing. Despite the weak quarter, guidance was reiterated, indicating expectations of improvement in Q4, although profit warning risk is evident.

Solteq’s Q3 fell slightly short of our expectations. The difficult market environment continued to impact the result despite efficiency measures and cost control.

Solteq will report Q3 results this Wednesday, October 29. The company’s turnaround was prolonged during H1 amid a challenging market. In Q3, we expect both segments to show some improvement after the setback.

Solteq’s Q2 result was below our expectations. Retail & Commerce was decent, while Utilities remained the weak spot, with both the segments net sales and operating result declining from the comparison period.

Solteq’s Q2 results fell short of our expectations. Retail & Commerce profitability remained decent despite declining sales, while Utilities continued to face challenges, with both net sales and EBITDA declining y/y and below our estimates.

Solteq is set to report Q2’25 results on Thursday, August 21. We expect comparable net sales to decline modestly, while profitability continues to improve, with Utilities recovery remaining key to unlocking the company's full turnaround potential.