Solteq Plc’s Half-Year Report January 1 – June 30, 2020

Our Half-Year Report 1 January 2020 – 30 June 2020 has been published.

Solteq Group’s second-quarter revenue was EUR 15.1 million, up by 2.9 percent. The increase in comparable revenue – when the absence of the SAP ERP business is taken into account – is 7.8 percent. Around a fifth of this revenue was derived from outside Finland. The company's own software products and related services contributed around a third and digital services around two thirds of revenue.

The company’s profitability improved clearly in the second quarter: operating profit improved, year-on-year, by 159.3 percent, standing at EUR 1.5 million. The company’s EBITDA was EUR 2.7 million – growing by 72.3 percent year-on-year.

Read the full report