Profit warning: Solteq Plc lowers its revenue and profit guidance for 2022
Inside information, May 25, 2022, at 9:00 a.m. The growth in revenue and profitability of Solteq Plc is expected to be weaker than earlier estimated. The new profit guidance for 2022 is: Solteq Group’s revenue is expected to grow and profit to weaken. Particularly, Solteq Utilities business unit’s higher-than-estimated investments in product development and increased project delivery costs will weaken the profitability and reduce customer invoicing during the ongoing financial year. The previous 2022 profit guidance, published on April 28, 2022 as a part of the year’s first