Inside information, profit warning: Solteq Plc changes its operating logic, discontinues product development cost activations, and writes off approximately EUR 6.3 million
Stock Exchange Bulletin Inside information December 20, 2023, at 10:15 a.m.Solteq Plc has changed its product development practices during the current financial year. Own software product development has become an integral part of continuous services and standard operations. Based on an assessment carried out by the company, the costs related to the product development no longer meet the requirements for activating them. In the future, the company will treat the expenses of developing existing software products as costs in the income statement as part of normal business operations.