Brief: Solteq Lowers 2023 Profit Guidance For Revenue And Operating Result

Solteq Oyj

19/09/2023 10:37

Sept 19 (Reuters) - Solteq Oyj  SOLTEQ.HE :
    * INSIDE INFORMATION, PROFIT WARNING: SOLTEQ PLC LOWERS ITS
2023
PROFIT GUIDANCE FOR REVENUE AND OPERATING RESULT
    * LOWERS ITS 2023 PROFIT GUIDANCE DUE TO WEAKER FINANCIAL
PERFORMANCE THAN PREVIOUSLY ESTIMATED IN BOTH SEGMENTS
    * GUIDANCE IS LOWERED FOR GROUP'S REVENUE AND OPERATING
RESULT.
    * NEW PROFIT GUIDANCE FOR 2023 IS: SOLTEQ'S REVENUE IS
EXPECTED TO
BE EUR 57-59 MILLION AND OPERATING RESULT TO BE NEGATIVE,
EXCLUDING ONE-TIME PROFIT RECOGNITION OF EUR 8 MILLION ON SALE
OF GROUP'S ERP BUSINESS BASED ON MICROSOFT BC AND LS RETAIL
SOLUTIONS.
    * REVENUE AND OPERATING RESULT FOR RETAIL & COMMERCE SEGMENT
ARE
EXPECTED TO FALL SHORT OF PREVIOUS ESTIMATE DUE TO A WEAKENED
ECONOMIC OPERATING ENVIRONMENT RESULTING IN COST SAVINGS AND
DELAYED PURCHASE DECISIONS IN CUSTOMER ORGANIZATIONS

Source text for Eikon:  ID:nWkr4bhX0k 
Further company coverage:  SOLTEQ.HE 

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