Solteq issued a profit warning, lowering both its guidance for revenue and operating profit by a notch. Revenue in 2022 is now expected to grow (prev. grow clearly) and operating profit to weaken (prev. improve).

Solteq’s Q1 figures were well in line with expectations. Solteq in our view is continuing to steadily realize its scalability potential and we expect double-digit growth in 2022. We retain our BUY-rating and TP of EUR 5.0.

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

• 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)

Solteq Plc Stock Exchange Bulletin March 24, 2022 at 11:30 a.m.
The Annual General Meeting of Solteq Plc was held in Vantaa today March 24, 2022, in accordance with the so called temporary act (375/2021) without the shareholders' or their proxy representatives' presence at the meeting venue. The shareholders of the company and their proxy representatives were entitled to participate the meeting and exercise their shareholder rights only by voting in advance and by presenting counterproposals and questions in advance.