Finland's Solteq Q1 revenue, EBITDA hit by weak retail demand

Solteq Oyj

29/04/2026 06:30

Overview

Finland software solutions provider's Q1 revenue fell 7.5% yr/yr on weak retail demand

Company posted negative EBITDA and operating result for Q1, citing subdued market environment

Cost-saving measures expected to yield EUR 2.5 mln in annual savings, supporting improved outlook

Outlook

Solteq sees 2026 comparable revenue remaining at the same level as previous yr

Company expects 2026 comparable operating result to improve clearly

Company says Utilities segment growth and cost savings to support profitability in 2026

Result Drivers

RETAIL & COMMERCE WEAKNESS - Subdued customer demand in the Retail & Commerce segment led to declines in revenue and profitability

UTILITIES SEGMENT GROWTH - Utilities segment revenue grew and profitability improved compared to the previous year

COST-SAVING MEASURES - Company implemented cost-saving measures expected to yield EUR 2.5 mln in annual savings, with EUR 1.8 mln realized in 2026

Company press release: ID:nWkr58s1RN

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 11.20 mln
Q1 EPS
-EUR 0.07
Q1 Adjusted EBITDA
-EUR 0.1 mln
Q1 Adjusted EBIT
-EUR 0.3 mln
Q1 EBIT
-EUR 1 mln
Q1 EBITDA
-EUR 0.7 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Solteq Oyj is €0.40, about 15.3% above its April 28 closing price of €0.35

The stock recently traded at 154 times the next 12-month earnings vs. a P/E of 28 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)