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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 |
SOLNA, Sweden, April 30, 2019 /PRNewswire/ -- The company's operating profit improved Brief look at January – March 2019
Key figures
1-3/2019 | 1-3/2018 | Change-% | 1-12/2018 | Rolling 12mos | |
Revenue, TEUR | 14,930 | 14,871 | 0.4 | 56,867 | 56,925 |
EBITDA, TEUR | 2,455 | 1,924 | 27.6 | 4,766 | 5,296 |
Adjusted EBITDA, TEUR | 2,465 | 1,910 | 29.1 | 5,417 | 5,972 |
Operating profit, TEUR | 1,530 | 1,305 | 17.2 | 2,466 | 2,690 |
Adjusted operating profit, TEUR | 1,540 | 1,291 | 19.3 | 3,117 | 3,366 |
Profit for the financial period, TEUR | 810 | 658 | 23.2 | 356 | 508 |
Earnings per share, EUR | 0.04 | 0.04 | 18.6 | 0.02 | 0.03 |
Operating profit, % | 10.2 | 8.8 | 4.3 | 4.7 | |
Adjusted operating profit, % | 10.3 | 8.7 | 5.5 | 5.9 | |
Equity ratio, % | 31.1 | 32.9 | 32.4 | 30.7 |
CEO Olli Väätäinen: The company's operating profit improved
The Solteq Group's revenue for the review period was 14.9 million euros, an increase of 0.4 percent. One fifth of revenue originated from outside Finland. 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 review period was 2.5 million euros and operating profit 1.5 million euros, which was in line with the company's expectations. The operating profit increased by 13.7 percent, considering the impact of the implementation of IFRS 16 -standard. Performance of company's international operations developed positively.
Solteq continued to invest significantly in the development of its own cloud-based software products and services. The company signed several new contracts for these products. Company's own cloud-based software products are delivered as Software as a Service-model and they increase the company's ARR (Annual Recurring Revenue). The product development investment during the first quarter was 1.0 million euros. The investment into product development is estimated to increase to approximately 3.5 million euros by the end of the financial year.
The Group's personnel increased by 35 people compared to the corresponding period of the previous year and was 586 at the end of the review period.
The Group's order intake was significantly better in the first quarter than in the corresponding period 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 Interim Report 1 Jan – 31 Mar 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
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/solteq/r/solteq-plc-interim-report-1-january---31-march-2019,c2799567
The following files are available for download:
https://mb.cision.com/Main/10667/2799567/1034409.pdf | Interim Report Q1 2019 |
Copyright 2019 PR Newswire
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