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Research

Solteq: Switching to a smaller gear

By Inderes
Solteq
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Solteq’s Q4 was a continuation for soft Q3. However, the whole year was strong, and the company is clearly better positioned to continue growth and internationalization with investments and acquisitions. The valuation picture of the share is attractive, and the potential is clearly higher than our forecasts. Short-term talent market risks and transformation into a Nordic software company that is still in the early stages lead us to switch to a smaller gear.

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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.

Read more on company page

Key Estimate Figures18.02.2022

202122e23e
Revenue69.176.783.4
growth-%14.2 %11.1 %8.8 %
EBIT (adj.)7.47.79.8
EBIT-% (adj.)10.7 %10.0 %11.8 %
EPS (adj.)0.230.240.35
Dividend0.100.150.18
Dividend %2.1 %34.1 %40.9 %
P/E (adj.)20.71.81.3
EV/EBITDA9.22.01.4

Forum discussions

Here are Joni’s comments on the change negotiations. Solteq announced yesterday that it is initiating change negotiations in Finland, aiming...
1/29/2026, 10:52 AM
by Sijoittaja-alokas
1
Change negotiations underway: Inderes Sisäpiiritieto: Solteq käynnistää muutosneuvottelut - Inderes Pörssitiedote Sisäpiiritieto 28.1.2026, ...
1/28/2026, 11:06 AM
by Pohjolan Eka
3
The rise already started on Friday, and the delayed reason is probably a week-old LinkedIn post about the cooperation between Solteq and Wolt...
1/26/2026, 5:30 PM
by NahkeaUimari
3
What might have caused the rise today? I didn’t see an official announcement, at least.
1/26/2026, 4:53 PM
by Neljäkymmentäkaksi
1
Here are Joni’s latest comments on Solteq’s negative profit warning. Solteq issued an expected profit warning yesterday and lowered its guidance...
12/18/2025, 6:08 AM
by Sijoittaja-alokas
3
Inderes Sisäpiiritieto, tulosvaroitus: Solteq Oyj laskee ohjeistustaan... Pörssitiedote Sisäpiiritieto 17.12.2025 kello 11:35 Yhtiö laskee ohjeistusta...
12/17/2025, 10:14 AM
by Ummon
7
I have to agree. The only thing is that from an investment perspective, I myself wouldn’t leave anything left of this decaying company. Off ...
11/4/2025, 3:09 PM
2
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