contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


orastava-kaanne-ei-viela-kompensoi-riskeja

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Joni Grönqvist

Frans-Mikael Rostedt

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.

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. To homes that know what they’re doing. The company has already fallen behind in development in all areas, and quarterly communication is now just useless repetition of the old.

Shareholders think Evli has made a better report  2027 operating profit=9.1% and P/E= 4.4

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. Solteq’s turnaround has progressed slower than expected, and there is a clear earnings warning risk for the current year. Furthermore, the refinancing of next year’s JVK loan threatens to be challenging again. The share’s valuation remains challenging, especially considering the uncertainty of the earnings turnaround and the high-risk profile caused by financial leverage. A positive view on the share would require a clear earnings turnaround and visibility into a healthier financial structure.                   Inderes              Solteq Q3'25: Valitettavasti haastavalta vaikuttaa vielä monelta osalta -...    Solteqin tuloskäänne on edennyt odotettua hitaammin, ja kuluvalle vuodelle on selvä tulosvaroitusriski. Lisäksi ensi vuoden JVK-lainan uudelleenrahoituksesta uhkaa tulla jälleen haastava.

Evli’s and OP’s reports are generally more pleasant for an owner to read, as many analysts at Inderes (unlike in 2021) often have quite gloomy [views]..It’s easy to stop reading in the middle of a “lament.” Evli: Solteq’s Q3 fell slightly short of our expectations. Earnings guidance for 2025 remained Comparable revenue decreases slightly and comparable operating profit improves clearly. Comparable revenue, excluding the sold healthcare software solutions business, was 48,818 thousand euros in the fiscal year 2024. Comparable operating profit was 710 thousand euros in the fiscal year 2024.

Here are Joni’s comments on Solteq’s morning results.  Solteq published its Q3 report this morning, which was unfortunately again clearly weaker than our expectations. Revenue decreased only slightly more than our forecasts, but the critical profit level was too weak. The profit level was in no way sufficient to cover high financing costs, and weak cash flow is eroding cash. Market comments were also more cautious than before, and there is a clear risk of a profit warning for the end of the year. Unfortunately, it was difficult to find bright spots in the report, and we consider new efficiency measures in Q4 very likely.                   Inderes              Solteq Q3’25 -pikakommentti: Valitettavasti valopilkkuja oli raportista...    Liikevaihto laski vain hieman ennusteitamme enemmän, mutta kriittinen tulostaso oli liian heikko. Tulostaso ei millään riittänyt kattamaan korkeita rahoituskuluja ja heikko kassavirta syö kassaa. Markkinakommentit olivat myös aikaisempaa...

If that utilities segment has been messed up once, it’s pretty hard to gain trust in the future… Weak billing rates, sales aren’t picking up… And great innovative software somewhere in the future… Blah blah blah… If there was some concrete information about what’s coming, when, and who will buy it… This utilities operation has been supposed to take off for the past 5 years but it hasn’t… Thanks to poorly managed projects and unfinished products…

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 successful product development projects will bring new, innovative software solutions to the market in the near future. Qt was also at a loss within Digia at one point; its value was approximately zero, but there was enough money for development work.. How about Solteq?

Solteq

Solteqin liikevaihto kääntyi orgaanisesti jälleen kasvuun Q3:lla, vaikka se jäi hieman odotuksista. Kannattavuus oli kuitenkin pelättyä parempi neljänneksellä. Yhtiön tekemien mittavien kustannuss...

<p>Solteqin liikevaihto kääntyi orgaanisesti jälleen kasvuun Q3:lla, vaikka se jäi hieman odotuksista. Kannattavuus oli kuitenkin pelättyä parempi neljänneksellä. Yhtiön tekemien mittavien kustannussäästötoimenpiteiden tulisi tukea tulos- ja kassavirtakehitystä loppuvuodesta lähtien, mikä on kriittistä joukkovelkakirjalainan uudelleenrahoittamisen helpottumisen kannalta. Orastava tuloskäänne tukee arvostuskuvaa, mutta uudelleenrahoituksen kustannuksen riskit ja käänteen epävarmuus vaikeassa toimintaympäristössä puoltavat vielä varovaisuutta. </p> 

	2022	23e	24e
Revenue	68.4	57.7	54.6
growth-%	-0.9 %	-15.7 %	-5.2 %
EBIT (adj.)	0.5	-2.0	2.8
EBIT-% (adj.)	0.7 %	-3.4 %	5.2 %
EPS (adj.)	-0.03	-0.19	0.03
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	neg.	14.6
EV/EBITDA	10.0	3.2	3.0

Orastava käänne ei vielä kompensoi riskejä

Key Estimate Figures26.10.2023

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