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Comparable data for the financial year 2019 based on Solteq Plc's new reporting structure

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Solteq Plc, Stock Exchange Bulletin, April 20, 2020 at 2.00 pm

On October 29, 2019, Solteq announced that it would change its segment structure to create a better match with the Group's business structure and revenue sources and to promote business growth, particularly in international markets. Since the beginning of 2020, Solteq Group has had two business segments: Solteq Software (the software business) and Solteq Digital (consulting).

In the previous reporting structure, the Group's business was presented as a single segment. The new structure divides the business areas into distinct reportable segments, in accordance with their revenue models.

Solteq Software includes businesses based on the company's own products. The segment's revenue is mainly derived from license and maintenance fees for Solteq's products, and the related services such as integrations and implementation projects.

The revenue of Solteq Digital is mainly based on IT expert services. These services include consulting, the implementation of customer systems as projects, continuous development services and maintenance.

Solteq Oyj's first interim report of 2020 will be prepared in accordance with the new reporting structure.

Due to the segment change, Solteq will publish comparable data for the financial year 2019. The tables below show the quarterly reported revenue, EBITDA and operating profit for 2019, and the adjusted EBITDA and operating profit divided according to the new segment structure.

The comparable figures are unaudited.
 

Revenue 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
TEUR
Solteq Digital        10,697        10,355           9,255           10,889        41,195
Solteq Software           4,233           4,306           3,738              4,819        17,095
Total        14,930        14,660        12,993           15,708        58,291
Adjusted EBITDA 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
TEUR
Solteq Digital           1,544           1,302                803              1,186           4,834
Solteq Software                922                332                497                   961           2,711
Total           2,465           1,634           1,300              2,147           7,546
Adjusted EBITDA, % 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
Solteq Digital              14.4              12.6                 8.7                 10.9              11.7
Solteq Software              21.8                 7.7              13.3                 19.9              15.9
Total              16.5              11.1              10.0                 13.7              12.9
EBITDA 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
TEUR
Solteq Digital           1,533           1,240                803              3,495           7,072
Solteq Software                922                332                497                   892           2,642
Total           2,455           1,572           1,300              4,387           9,714
EBITDA, % 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
Solteq Digital              14.3              12.0                 8.7                 32.1              17.2
Solteq Software              21.8                 7.7              13.3                 18.5              15.5
Total              16.4              10.7              10.0                 27.9              16.7
Adjusted operating profit 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
TEUR
Solteq Digital                890                614                152                   507           2,163
Solteq Software                650                   19                130                   580           1,379
Total           1,540                633                282              1,088           3,543
Adjusted operating profit, % 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
Solteq Digital                 8.3                 5.9                 1.6                    4.7                 5.3
Solteq Software              15.4                 0.4                 3.5                 12.0                 8.1
Total              10.3                 4.3                 2.2                    6.9                 6.1
Operating profit 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
TEUR
Solteq Digital                879                552                152              2,817           4,401
Solteq Software                650                   19                130                   511           1,311
Total           1,530                571                282              3,328           5,711
Operating profit, % 1-3/2019 4-6/2019 7-9/2019 10-12/2019 1-12/2019
Solteq Digital                 8.2                 5.3                 1.6                 25.9              10.7
Solteq Software              15.4                 0.4                 3.5                 10.6                 7.7
Total              10.2                 3.9                 2.2                 21.2                 9.8

Distribution:

NASDAQ OMX Helsinki
Key media
www.solteq.com

Further information:

CEO Olli Väätäinen
Tel. +358 50 5578 111
Email: olli.vaatainen@solteq.com

CFO Kari Lehtosalo
Tel: +358 40 751 7194
E-mail: kari.lehtosalo@solteq.com

Solteq in brief

Solteq is a Nordic provider of IT services and software solutions specializing in the digitalization of business and industry-specific software. The key sectors in which the company has long term experience include retail, industry, energy and services. The company operates in Finland, Sweden, Norway, Denmark, Poland and the UK and employs 600 professionals.

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