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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Solteq Oyj | LSE:0G5H | London | Ordinary Share | FI0009007991 | SOLTEQ ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.49 | 1.455 | 1.525 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Groceries & Related-whsl,nec | 65.96M | -5.38M | -0.2774 | -5.37 | 28.9M |
HELSINKI, Finland, Aug. 13, 2019 /PRNewswire/ -- Solteq Plc Stock Exchange Bulletin 13.8.2019 at 8.00 am
International subsidiaries grew
April–June
January–June
*Solteq Group implemented the IFRS 16 Leases-standard effective from January 1, 2019. The new standard was implemented using the modified retrospective approach, in which the comparative figures for prior financial periods were not restated.
Key Figures
4-6/2019 | 4-6/2018 | Change-% | 1-6/2019 | 1-6/2018 | Change-% | 1-12/2018 | Rolling 12mos
| |
Revenue, TEUR | 14,660 | 14,232 | 3.0 | 29,590 | 29,103 | 1.7 | 56,867 | 57,354 |
EBITDA, TEUR | 1,572 | 629 | 149.9 | 4,027 | 2,553 | 57.7 | 4,766 | 6,240 |
Adjusted EBITDA, TEUR | 1,634 | 758 | 115.6 | 4,099 | 2,668 | 53.7 | 5,417 | 6,848 |
Operating profit, TEUR | 571 | 24 | 2,293.7 | 2,101 | 1,329 | 58.1 | 2,466 | 3,238 |
Adjusted operating profit, TEUR | 633 | 153 | 314.5 | 2,173 | 1,444 | 50.5 | 3,117 | 3,846 |
Profit for the financial period, TEUR | 131 | -305 | 142.9 | 941 | 353 | 166.9 | 356 | 944 |
Earnings per share, EUR | 0.01 | -0.02 | 140.6 | 0.05 | 0.02 | 161.1 | 0.02 | 0.05 |
Operating profit, % | 3.9 | 0.2 | 7.1 | 4.6 | 4.3 | 5.6 | ||
Adjusted operating profit, % | 4.3 | 1.1 | 7.3 | 5.0 | 5.5 | 6.7 | ||
Equity ratio, % | 30.3 | 32.4 | 32.4 | 30.3 |
CEO Olli Väätäinen: International subsidiaries grew
The Solteq Group's revenue was 14.7 million euros in the second quarter of 2019, an increase of 3.0%. Approximately one fifth of revenue originated from outside Finland. The revenue of the international subsidiaries grew significantly. Continuous services accounted for approximately one third of the revenue. The company's own software products and the related services accounted for approximately one-third and digital services approximately two-thirds of the revenue.
The EBITDA for the second quarter was 1.6 million euros and operating profit 0.6 million euros. The operating profit increased by 0.5 million euros on a comparable basis, considering the impact of the implementation of IFRS 16 -standard.
Solteq continued to invest significantly in the development of its own cloud-based software products and services. Customer feedback related to the developed software products has been positive. The product development investment was 1.1 million euros in the second quarter. We invested 0.6 million euros into product development in the second quarter last year. The product development investments are estimated to amount to 3.5 million euros by the end of the year.
The Group's order intake continued to develop positively during the second quarter, and it was clearly better than in the second quarter of last year. The business outlook has remained unchanged, and the company's profitability is expected to develop positively.
Profit guidance 2019
Solteq Group's operating profit is expected to grow clearly compared to the financial year 2018.
Attachments
Solteq Plc Half-year Report 1 Jan – 30 Jun 2019
Further information
Olli Väätäinen, CEO
tel +358-50-5578-111
e-mail olli.vaatainen@solteq.com
Martti Nurminen, CFO
tel. +358-40-751-7194
e-mail martti.nurminen@solteq.com
Distribution
NASDAQ OMX Helsinki
Key media
www.solteq.com
Solteq in brief
Solteq is a Nordic IT service provider and software house that specializes in digital business solutions and vertical software markets.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/solteq/r/solteq-plc-half-year-report-1-january---30-june-2019,c2878101
The following files are available for download:
https://mb.cision.com/Main/10667/2878101/1089112.pdf | Half-Year Report Q2 2019 |
Copyright 2019 PR Newswire
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