Inside Information: Solteq Plc issues a new profit guidance for 2023

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. 

Before withdrawing the profit guidance, the previous profit guidance for 2023 was: Solteq Group’s revenue is expected to remain on the same level and operating profit to be positive. 

SOLTEQ PLC  
BOARD OF DIRECTORS 

Distribution:

Nasdaq Helsinki
Key Media
www.solteq.com

Further information:

CEO Aarne Aktan
Tel: +358 40 342 4440
Email: aarne.aktan@solteq.com

CFO Kari Lehtosalo
Tel: +358 40 701 0338
Email: kari.lehtosalo@solteq.com

Solteq in brief

Solteq is a Nordic software solution and expert service provider specializing in retail and energy sectors and needs related to e-commerce. The company employs approximately 550 professionals and has offices in Finland, Sweden, Norway, Denmark, Poland, and the UK.