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Solteq

0.43 EUR

-2.27 %

6,029 following

SOLTEQ

NASDAQ Helsinki

IT Services

Technology

-2.27 %
-8.51 %
-25.09 %
-37.32 %
-29.51 %
-32.81 %
-67.81 %
-86.56 %
-91.45 %

Solteq is an IT consulting company. The company specializes in ERP - Enterprise Resource Planning. Other services offered are related to financial management and inventory management. The customers consist of small and medium-sized business customers operating in the retail and hospitality industries. The operations are conducted on a global level, mainly in Europe, North America and Asia.

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Market cap
8.34M EUR
Turnover
5.41K EUR
P/E (adj.) (25e)
-5.71
EV/EBIT (adj.) (25e)
39.49
EV/S (25e)
0.66
Dividend yield-% (25e)
-
Coverage
Recommendation
Reduce
Target price
0.45 EUR
Updated
29.10.2025
Disclaimer
Joni Grönqvist
Joni Grönqvist

Analyst

Latest research

Latest analysis report

Released: 20.06.2023

Latest extensive report

Released: 20.06.2023

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
12.2
2026

Annual report '25

26.3
2026

General meeting '26

29.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

Solteq: Weaker than expected quarter - Evli

Solteq’s Q3 fell slightly short of our expectations. The difficult market environment continued to impact the result despite efficiency measures and cost control.

Solteq

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Third party research

Solteq: Expecting recovery after weaker H1 - Evli

Solteq will report Q3 results this Wednesday, October 29. The company’s turnaround was prolonged during H1 amid a challenging market. In Q3, we expect both segments to show some improvement after the setback.

Solteq
Nordic IT service sector Q2’25: Difficulties across geographies
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

Nordic IT service sector Q2’25: Difficulties across geographies

In the rest of the Nordic countries, organic revenue development turned downward and profitability weakened in Q2. Thus, even applying the Rule of 20, the situation in the IT services market remains distinctly challenging, with only one company achieving good performance and two achieving satisfactory performance.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted MegacorpAvensiaBouvetB3 Consulting GroupColumbusCombinedXExsitec HoldingKnowitNetcompany GroupNNITProact IT GroupTrionaTrifork GroupWebstep
IT service sector Q2’25: Recovery is taking its time
Analyst Comment by
Joni Grönqvist

IT service sector Q2’25: Recovery is taking its time

The IT service sector entered the Q2 earnings season in a cautious mood, albeit with expectations of a turnaround. In reality, however, the situation deteriorated even further, with revenue falling more than before and beyond our expectations and profitability remaining at a very low level.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Third party research

Solteq: Visibility for Utilities turnaround limited - Evli

Solteq’s Q2 result was below our expectations. Retail & Commerce was decent, while Utilities remained the weak spot, with both the segments net sales and operating result declining from the comparison period.

Solteq
Third party research

Solteq: Profit improvement weaker than expected - Evli

Solteq’s Q2 results fell short of our expectations. Retail & Commerce profitability remained decent despite declining sales, while Utilities continued to face challenges, with both net sales and EBITDA declining y/y and below our estimates.

Solteq
Third party research

Solteq: Gradual improvement expected - Evli

Solteq is set to report Q2’25 results on Thursday, August 21. We expect comparable net sales to decline modestly, while profitability continues to improve, with Utilities recovery remaining key to unlocking the company's full turnaround potential.

Solteq
Q1 IT service sector summary: Weak start to the year, but there is light at the end of the tunnel
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

Q1 IT service sector summary: Weak start to the year, but there is light at the end of the tunnel

The IT services sector's Q1 earnings season was still approached with a cautious mood, but this time the reason was Trump's tariff threats. Possible tariffs would not directly hit the IT services sector, but they would certainly have an indirect impact through customer caution.

DigiaDigital WorkforceGoforeLoihdeWitted MegacorpSolteqVincitNetum GroupSiili SolutionsTietoevry
Outlook for the IT service sector 2025: Growth will kick off again at the end of the year
Analyst Comment by
Joni Grönqvist, Frans-Mikael Rostedt

Outlook for the IT service sector 2025: Growth will kick off again at the end of the year

We expect the performance of the IT service sector to improve as a whole in 2025. This year, as the market decline presumably stabilizes/turns back to growth, we should be able to see which companies have adapted to the changing market situation and whose strategy is working.

DigiaDigital WorkforceGoforeLoihdeNetum GroupSiili SolutionsSolteqTietoevryVincitWitted Megacorp
Forum discussions
Inderes Solteq Oyj:n osavuosikatsaus 1.1.-30.9.2025 - Inderes Pörssitiedote Osavuosikatsaus 29.10.2025 klo 8.00 Heikko neljännes - katse tuloskunnon ja kilpailukyvyn parantamisessa Heinä-syyskuu Vertailukelpoinen liikevaihto oli 10,4 miljoonaa euroa (11... Solteq’s struggle continues...
10/29/2025, 6:38 AM
by Harvasepäivä
7
The business has indeed been very effectively stagnant. And the company itself hasn’t announced any significant deals from the Utilities side for a long time. Plus, as someone working in the industry (utilities), it seems that the transition is increasingly towards modular entities...
9/27/2025, 8:56 AM
by Janhoff
5
Shareholders think Evli has made a better report 2027 operating profit=9.1% and P/E= 4.4
10/30/2025, 11:00 AM
by Zen65
3
Joni has published a company report on Solteq immediately after Q3. We reiterate our Reduce recommendation for the share and lower the target price to EUR 0.45 (previously EUR 0.55), reflecting changes in forecasts. The company’s Q3 report was subdued and showed few bright spots....
10/30/2025, 7:10 AM
by Sijoittaja-alokas
3
At least some bright spot, and note: product development is not capitalized, which would beautify the result.. The performance of the Utilities segment was still burdened by the low utilization rate of the consulting business. In contrast, the software business developed well, and...
10/29/2025, 6:57 AM
by Zen65
2
Here are Joni’s preview comments as Solteq publishes its quarterly report on Wednesday. We expect revenue to have continued to decline significantly, but only slightly organically. We forecast profitability to have been at the comparison period’s level, which is not quite enough ...
10/27/2025, 9:29 AM
by Sijoittaja-alokas
2
I have to agree. The only thing is that from an investment perspective, I myself wouldn’t leave anything left of this decaying company. Off the stock market through a strategic corporate arrangement, with a valuation at least somewhat tolerable from the shareholders’ perspective....
11/4/2025, 3:09 PM
1
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