contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


orastava-kaanne-ei-viela-kompensoi-riskeja

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

Frans-Mikael Rostedt

Solteq is an IT consulting company. The company specializes in ERP - Enterprise Resource Planning. Other services offered are related to financial management and inventory management. The customers consist of small and medium-sized business customers operating in the retail and hospitality industries. The operations are conducted on a global level, mainly in Europe, North America and Asia.

Here is a fresh company report on Solteq from Joni following the Q4 results.  We reiterate our Reduce recommendation and target price of EUR 0.43. Solteq’s Q4 report was, for the first time in a long while, relatively in line with our expectations, but unfortunately, it is not yet enough. The company’s new savings program will drive earnings growth for the current year, and its success is critical. Additionally, focus is naturally on the refinancing of the corporate bond, which threatens to be challenging once again due to the weak earnings level. The valuation picture for the share remains tight (2028e P/E 20x), considering several threats (realization of earnings growth and refinancing).                   Inderes              Solteq Q4'25: Tuloskäänne ja rahoitusneuvottelut keskiössä  - Inderes    Yhtiön uusi säästöohjelma ajaa kuluvan vuoden tuloskasvua ja sen on kriittistä onnistua. Lisäksi mielenkiinto kohdistuu luonnollisesti jvk-lainan uudelleenrahoitukseen, josta uhkaa heikon tulostason myötä tulla jälleen haastava.

The last question was a real gem. It also gave the impression that some significant negotiations might be taking place in the background.

I don’t own Solteq, but Joni Grönqvist’s interviews with Aarne Aktan are definitely among the best content Inderes has to offer. They’re a pleasure to watch. I can’t quite describe what’s so fascinating about them, but there’s something authentic, unique, and—in a good way—peculiar about them. Many other CEO interviews are predictable, but when Aarne Aktan is interviewed, there’s a sense of unpredictability in the air—you never quite know what he’s going to say (in a good way). Aktan is a colorful character, and Joni Grönqvist is a great match for interviewing him. My thanks to both of you for these.

Here are Joni’s quick comments on Solteq’s Q4 result.  Solteq released its Q4 report this morning, which for the first time in a while was relatively in line with our expectations. Revenue grew organically for the first time in ages, but unfortunately, this did not trickle down to the bottom line and profitability remained weak. The earnings level is not yet sufficient to cover high financing costs, and weak cash flow is depleting the cash reserves. Market comments were mixed, and the guidance was as expected. The focus in today’s interview will be on how to strengthen the earnings turnaround and on the financing negotiations.                   Inderes              Solteq Q4’25 -pikakommentti: Odotuksien mukainen raportti, mutta se ei...    Solteq julkaisi aamulla Q4-raportin, joka oli pitkästä aikaa suhteellisen linjassa odotuksiimme. Liikevaihto kasvoi orgaanisesti ensimmäistä kertaa aikoihin, mutta valitettavasti tämä ei valunut alariveille ja tulostaso oli edelleen heikko.

Joni has published a preview report on Solteq, which will release its results on Thursday, Feb 12.  We expect the company’s revenue decline to have continued at the end of the year due to the challenging market situation and delayed customer projects. In the report, focus is especially on the 2026 outlook, the effects of the savings measures announced in January, and the company’s tight financial position, which is further emphasized by the upcoming bond refinancing this year. The stock’s valuation remains stretched. We reiterate our Reduce recommendation and lower the target price to EUR 0.43 (prev. EUR 0.45).                   Inderes              Solteq Q4'25 -ennakko: Vaikean loppuvuoden jälkeen haetaan parempaa näkymää -...    Solteq julkaisee Q4-raportin torstaina 12.2.2026. Huomio keskittyy raportissa erityisesti vuoden 2026 näkymiin, tammikuussa ilmoitettujen säästötoimenpiteiden vaikutuksiin sekä yhtiön kireään rahoitusasemaan, jota kuluvana vuonna edessä oleva...

Here are Joni’s comments on the change negotiations. Solteq announced yesterday that it is initiating change negotiations in Finland, with the goal of adjusting the headcount to the prevailing demand situation, streamlining operations, and improving profitability. The negotiations concern the Retail & Commerce and Utilities segments and aim for annual cost savings of at least EUR 2.1 million. The announced measures were largely expected due to the company’s challenging earnings performance and tight financial position. However, the announcement creates slight downward pressure on forecasts.                   Inderes              Solteq kertoi odotetusti uusista säästötoimenpiteistä - Inderes    Neuvottelut koskevat Retail & Commerce- ja Utilities-segmenttejä, ja niillä tavoitellaan vähintään 2,1 MEUR:n vuotuisia kustannussäästöjä. Ilmoitetut toimenpiteet olivat suurilta osin odotettuja yhtiön haastavan tuloskunnon ja kireän rahoitusaseman...

Change negotiations underway:                   Inderes              Sisäpiiritieto: Solteq käynnistää muutosneuvottelut - Inderes    Pörssitiedote Sisäpiiritieto 28.1.2026, kello 11.00 Solteq-konserni käynnistää Suomessa muutosneuvottelut, joiden tavoitteena on sopeuttaa yhtiön henkilöstömäärä vallitsevaan kysyntätilanteeseen...

Solteq

Solteqin liikevaihto kääntyi orgaanisesti jälleen kasvuun Q3:lla, vaikka se jäi hieman odotuksista. Kannattavuus oli kuitenkin pelättyä parempi neljänneksellä. Yhtiön tekemien mittavien kustannuss...

<p>Solteqin liikevaihto kääntyi orgaanisesti jälleen kasvuun Q3:lla, vaikka se jäi hieman odotuksista. Kannattavuus oli kuitenkin pelättyä parempi neljänneksellä. Yhtiön tekemien mittavien kustannussäästötoimenpiteiden tulisi tukea tulos- ja kassavirtakehitystä loppuvuodesta lähtien, mikä on kriittistä joukkovelkakirjalainan uudelleenrahoittamisen helpottumisen kannalta. Orastava tuloskäänne tukee arvostuskuvaa, mutta uudelleenrahoituksen kustannuksen riskit ja käänteen epävarmuus vaikeassa toimintaympäristössä puoltavat vielä varovaisuutta. </p> 

	2022	23e	24e
Revenue	68.4	57.7	54.6
growth-%	-0.9 %	-15.7 %	-5.2 %
EBIT (adj.)	0.5	-2.0	2.8
EBIT-% (adj.)	0.7 %	-3.4 %	5.2 %
EPS (adj.)	-0.03	-0.19	0.03
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	neg.	13.6
EV/EBITDA	10.0	3.1	2.9

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Key Estimate Figures26.10.2023

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