Finland's Solteq Q2 revenue falls on weak customer demand

Solteq Oyj

21/08/2026 06:17

Overview
Finland software solutions provider's Q2 total revenue fell 9.4% yr/yr amid weak retail demand
Profitability improved as comparable operating result rose sharply, driven by efficiency measures
Company is arranging refinancing for bond maturing in 2026; material uncertainty remains

Outlook
Solteq expects 2026 comparable revenue to remain at the same level
Company forecasts 2026 comparable operating result to improve clearly
Company says Retail & Commerce segment demand expected to remain weak in near future

Result Drivers
EFFICIENCY MEASURES - Co said profitability improved due to renewal and operational efficiency measures across both segments
RETAIL WEAKNESS - Retail & Commerce segment revenue declined amid tough market conditions and weak customer demand
UTILITIES SEGMENT - Utilities segment saw moderate growth and improved profitability, supported by new software products and organizational efficiency

Company press release: ID:nWkr3ghk9X

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Total Revenue
 
EUR 11 mln
 
Q2 Loss Per Share
 
EUR 0.01
 
Q2 Comparable EBITDA
 
EUR 0.9 mln
 
Q2 Comparable EBIT
 
EUR 0.7 mln
 
Q2 EBIT
 
EUR 0.6 mln
 
Q2 EBITDA
 
EUR 900,000
 

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 €0.28, about 0% even its August 20 closing price of €0.28

Reuters Recommended Reads
Aug 20 - Fondia Q2 revenue rises, profitability improves on growth in Baltics and Finland
Aug 20 - Germany's NFON H1 revenue falls on weak market, demand; cuts 2026 outlook
Aug 19 - Exasol H1 revenue falls on lower non-recurring sales

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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.)