Solteq Plc has published Financial Statements Bulletin January 1 – December 31, 2022.
The fourth quarter of Solteq Plc was weak. The Group’s revenue was EUR 16.9 million, EBITDA EUR 0.3 million, and comparable operating result EUR -0.8 million. The revenue diminished by 7.5 percent due to a decrease in demand and problems with Utilities product development.
The revenue of the Solteq Digital segment decreased as a result of the economic uncertainties in the market. The demand was lower than in the comparison period, which decreased the utilization rate and profitability of the segment.
The entire Financial Statements Bulletin is available at Solteq's Investors site.