Solteq Plc’s Financial Statements Bulletin January 1 – December 31, 2024 published

Solteq Plc has published Financial Statements Bulletin January 1 – December 31, 2024.

The fourth quarter capped a year of consistent result improvements throughout 2024. During the fourth quarter, the comparable operating result was EUR 0.3 million, which was EUR 1.4 million better than in the comparison period. The improvement in profitability, driven by successful cost management, was significant, particularly considering the revenue decrease of EUR 1.8 million from the comparison period. Both segments diminished in revenue, generating a comparable revenue of EUR 12.5 million for the company. During the review period, the market situation was tougher than estimated, leading to a profit warning in October 2024 and a lowering of the profit guidance on comparable revenue for the fiscal year.

The entire Financial Statements Bulletin is available at Solteq's Investors site.