Solteq’s Q1 results were rather decent considering earlier challenges and profitability was above our expectations. Revenue was at EUR 16.9m (Evli EUR 17.1m) and adj. EBIT at EUR 0.1m (Evli EUR -0.5m).

Stock Exchange Bulletin
Inside Information
May 3, 2023, at 5:30 p.m. EET

The company's new profit guidance for 2023 is: Solteq's revenue is expected to be EUR 60-62 million and operating result to be slightly negative excluding the one-time profit recognition of EUR 8 million on the sale of the Group's ERP business based on Microsoft BC and LS Retail solutions.

Solteq withdrew its previous profit guidance due to the sale of the Microsoft BC and LS Retail business announced on April 17, 2023. The business transfer was completed on May 2, 2023. 

Stock Exchange Bulletin
Inside Information
April 17, 2023, at 09:01 a.m. EET

Solteq withdraws the profit guidance published on February 16, 2023, due to the ongoing business transfer transaction.
Solteq has signed a business transfer agreement on April 17, 2023, whereby the Group's ERP business based on Microsoft Dynamics 365 Business Central and LS Retail solutions will be sold to Azets. The completion of the transaction is estimated to take place on May 2, 2023, and it is subject to customary preconditions. 

Stock Exchange Bulletin
Decisions of the general meeting
March 29, 2023, at 3:00 p.m.

The Annual General Meeting of Solteq Plc was held today, 29 March 2023 in Vantaa. The Annual General Meeting supported all proposals made by the Board of Directors and shareholders to the Annual General Meeting and adopted the following resolutions:

Financial statements, discharge of liability, and dividend distribution