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