Profit warning: Solteq Plc lowers its guidance for revenue and operating profit for 2022
Inside informationSeptember 19, 2022, at 4:45 p.m. Solteq Plc forecasts that the revenue and the operating profit of the company’s business will be weaker than earlier estimated, and the company will write-off the investments made to the product development of Solteq Robotics business amounting to approximately EUR 4.4 million.The new profit guidance for 2022 is: Solteq Group’s revenue is expected to stay at the same level and operating profit to be negative. The change in the outlook is due to the significant product development costs of Solteq Utilities that have continued to