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Solwers

2.06 EUR

+0.49 %

1,509 following

SOLWERS

First North Finland

Industrial Goods & Services

Industrials

Overview

Financials & Estimates

Ownership

Dividend

Investor consensus

+0.49 %

-7.21 %

-9.65 %

-8.44 %

-3.29 %

-11.97 %

-52.97 %

-

-75.33 %

Solwers is a consulting company focused on the industrial sector. The company specializes in digital solutions that involve planning and project management services. Examples of the company's services include architecture, technical consulting, environmental monitoring, project management, circular economy and digital solutions. Customers are found in several industries, mainly among small and medium-sized business customers. Operations are found throughout the global market, with the largest presence in the Nordic region.

Market cap

20.95M EUR

Turnover

98.88 EUR

P/E (adj.) (26e)

EV/EBIT (adj.) (26e)

P/B (26e)

EV/S (26e)

Dividend yield-% (26e)

Coverage

Recommendation

Reduce

Target price

Updated

21.05.2026

Olli Vilppo

Analyst

Latest research

Latest analysis report

Released: 22.05.2026

Latest extensive report

Released: 03.02.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

25.8.

2026

Interim report Q2'26

12.11.

2026

Business review Q3'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

3rd party

ShowingAll content types

Regulatory press release5/22/2026, 7:30 AM

Solwers Oyj: Solwers' Plc Establishes Two New Share-Based Incentive Plans for Key Employees

Third party research5/22/2026, 5:19 AM

Solwers: Weak Q1 and covenant waiver concerns - Nordea

Solwers' Q1 results remained weak, with profitability still at an unsatisfactory level. Net sales of EUR 21.0m came in 4% below our estimate, while adjusted EBITA of EUR 0.3m was 51% below our estimate. The company also highlighted that in March, net...

Solwers Q1'26: Still waiting for the turnaround to turn up

Research5/22/2026, 7:05 AM by

Solwers Q1'26: Still waiting for the turnaround to turn up

Solwers' Q1 was weaker than our expectations, and the income lines, which are important for deleveraging, remained slightly below even the weak comparison period.

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Third party research5/21/2026, 7:16 AM

Solwers: Q1 remained weak and covenant waiver might need to be extended - Nordea

Solwers reported its results for Q1 with sales of EUR 21.0m, 4% below our estimate of EUR 21.8m (no consensus available). Adjusted EBITA of EUR 0.3m came in 51% below our estimate of EUR 0.5m and down from EUR 0.4m a year ago. The company notes that ...

Solwers Q1'26 flash comment: Weak earnings and covenant risk cast shadwos on outlook

Analyst Comment5/21/2026, 6:33 AM by

Solwers Q1'26 flash comment: Weak earnings and covenant risk cast shadwos on outlook

Revenue grew moderately, which was in line with our expectations. However, the earnings lines were slightly below our expectations.

Regulatory press release5/21/2026, 5:30 AM

Business Review Jan 1 - Mar 31, 2026

Third party research5/15/2026, 11:27 AM

Solwers: Adjusted EBITA set to improve in 2026 - Nordea

Ahead of Solwers' Q1 2026 report, we make minor estimates revisions for 2026-28. Solwers will start reporting EBITA numbers from Q1 2026 also on an adjusted level to include items affecting comparability, and the company has also changed the EBITA definition...

Solwers updates its performance metrics for greater transparency

Analyst Comment5/13/2026, 6:21 AM by

Solwers updates its performance metrics for greater transparency

We consider changes that improve reporting transparency and comparability to be very welcome.

Third party research5/12/2026, 6:57 AM

Solwers: Updates EBITA calculation method, mid-term targets unchanged - Nordea

Solwers is updating its EBITA calculation method to align with market practice and makes a corresponding adjustment to its mid-term EBITA margin target, while the target level of profitability remains unchanged. Solwers has previously excluded depreciation...

Regulatory press release5/12/2026, 6:00 AM

Solwers Oyj: Solwers updates its EBITA calculation method and supplements its reporting with new alternative performance measures

Regulatory press release4/17/2026, 10:30 AM

Solwers Oyj: Updated Disclosure Policy Introduces Shortened Silent Period at Solwers

Regulatory press release4/17/2026, 10:00 AM

Solwers Oyj: Resolutions of Solwers Plc's Annual General Meeting and the Organisational Meeting of the Board of Directors 17 April 2026

Regulatory press release4/15/2026, 9:00 AM

Solwers Oyj - Managers' Transactions

Regulatory press release3/24/2026, 10:00 AM

Solwers Oyj: Correction: Notice convening the Annual General Meeting of Solwers Plc

Regulatory press release3/23/2026, 2:15 PM

Solwers Oyj: Notice convening the Annual General Meeting of Solwers Plc

Regulatory press release3/23/2026, 1:30 PM

Solwers Oyj: Solwers Plc's Financial Reports and Remuneration Report for the Year 2025 Published

Regulatory press release3/18/2026, 12:45 PM

Solwers Oyj: Proposals of Solwers Plc's Shareholders' Nomination Committee for the Annual General Meeting 2026

Solwers H'25: Earnings growth outlook once again pushed forward

Research3/6/2026, 7:45 AM by

Solwers H'25: Earnings growth outlook once again pushed forward

Solwers' Q4 was weaker than our expectations, and the earnings growth we had forecast did not materialize, with EBITA remaining at the subdued level of the comparison period

Third party research3/6/2026, 6:11 AM

Solwers: Market conditions remain soft in early 2026 - Nordea

Solwers' Q4 sales were weak, 11% below our expectation, and EBITA of EUR 1.0m was 32% below our estimate, a clear turn for the worse from Q3, as there were signs of stabilisation. So far, the company has realised EUR 0.3m of its cost-efficiency programme...

Solwers, Webcast, Q4'25

Webcast3/5/2026, 10:00 AM

Solwers, Webcast, Q4'25

Forum discussions

Here is the interview with the new CEO Johan: Solwers Q4'25: Positiivisia merkkejä - Inderes As an addition to the morning comment, I estimated there that net debt/EBITDA remained at around the 5x level, but when including the acquired companies as if they had been owned for the ...

3/5/2026, 12:44 PM

by Olli Vilppo

6

Solwers’ updated analysis. Solwers H2'25: Tuloskasvunäkymä siirtyy jälleen eteenpäin - Inderes It hasn’t entered an earnings growth path just yet (either), so we’ll wait for clearer signs of the critical earnings growth acceleration. By all logic, the capital invested in the company...

3/6/2026, 6:42 AM

by Olli Vilppo

4

Here are Nordea’s latest thoughts on Solwers. Ahead of Solwers’ Q1 2026 report, we make minor estimates revisions for 2026-28. Solwers will start reporting EBITA numbers from Q1 2026 also on an adjusted level to include items affecting comparability, and the company has also changed...

5/16/2026, 2:47 PM

by Sijoittaja-alokas

3

Here are the initial impressions; I still need to read through the report carefully and interview Johan. If you have any good questions, feel free to share them! Inderes Solwers H2'25 -pikakommentti: Odottamaamme tuloskäännettä ei vielä saatu... Solwers julkaisi aamulla H2’25 raporttinsa...

3/5/2026, 7:45 AM

by Olli Vilppo

3

Here are Olli’s comments as Solwers updates its EBITA calculation method to align with standard market practices and adds new key figures to its reporting, such as ROCE. Inderes – 13 May 26 Solwers päivittää mittatikkunsa läpinäkyvimmiksi - Inderes Pidämme raportoinnin läpinäkyvyytt...

5/13/2026, 4:47 AM

by Sijoittaja-alokas

2

Here is the company report on Solwers from Olli following the Q1 release Solwers’ Q1 performed below our expectations, and the key profit lines—crucial for reducing leverage—also fell slightly below a soft comparison period. We have lowered the slope of our projected earnings growth...

5/22/2026, 4:52 AM

by Sijoittaja-alokas

1

Here are Vilppo’s comments on Solwers’ Q1 results Solwers released its Q1 business review this morning. The company’s revenue grew moderately, in line with our expectations. However, the profit lines fell slightly short of our expectations and the weak level of the comparison period...

5/21/2026, 9:01 AM

by Sijoittaja-alokas

1

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