Global

    20.04.2020

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

    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

     

    Additional information:

    Olli Väätäinen, CEO
    tel +358 50 5578 111
    e-mail olli.vaatainen@solteq.com

    Kari Lehtosalo, CFO
    tel +358 40 701 0338
    e-mail kari.lehtosalo@solteq.com