Solteq Plc Stock Exchange Bulletin 20.4.2017 at 8.00 am
Towards profitable growth in a new CEO pilotage
Brief look at January – March 2017
- Repe Harmanen’s term of office as CEO ended on 17 February 2017. Olli Väätäinen was appointed as CEO of the company as of 1 April 2017.
- Strategy will be fined down during the spring - the corner stones of the strategy are growth, internationalization and digital customer encounter. We will focus on exploiting the strong industry expertise, continuous improvement of customer experience, strengthening skills and competencies, and implementing lean and agile way of working in our own operations.
- Revenue was 15,4 million euro (15,4 million euro).
- Operating profit was 190 thousand euro (4 919 thousand euro).
- Adjusted operating profit was 1 023 thousand euro (732 thousand euro).
- Group’s equity ratio was 34,1 % (31,8 %).
- Earnings per share was -0,02 euro (0,27 euro).
Key figures and ratios
|1-3/17||1-3/16||Change -%||1-12/16||Rolling 12 m|
|Revenue, EUR million||15,4||15,4||0,2 %||63,0||63,1|
|Operating profit, EUR million||0,2||4,9||-96,1 %||6,4||1,7|
|Adjusted operating profit, EUR million||1,0||0,7||39,8 %||3,1||3,4|
|Profit for the financial period, EUR million||-0,3||4,4||-106,4 %||4,6||-0,1|
|Earnings / share, EUR||-0,02||0,27||-106,1 %||0,26||-0,02|
|Operating profit -%||1,2 %||32,0 %||10,2 %||2,7 %|
|Adjusted operating profit -%||6,6 %||4,8 %||4,9 %||5,4 %|
|Equity ratio, %||34,1 %||31,8 %||33,5 %||34,1 %|
Olli Väätäinen, CEO of Solteq: Towards profitable growth
Year 2017 started with changes. In February, Solteq announced that Repe Harmanen’s term of office as CEO has ended. I started as CEO on 1 April 2017.
In the first quarter of 2017, the business of the company was on solid basis and the operative profitability stayed on satisfactory level. Our most important short-term objective is to launch organic growth based on our existing strengths. I believe that it is possible to grow, and grow profitably, by utilising the company’s existing expertise and client insight in a more effective manner.
Solteq is a digital customer engagement expert. Solteq will continue on the road of its strategy of growth and international expansion driven by digital disruption. Route choices to reach the destination will be made during the spring. The focus will be on strong industry expertise, continuous improvement of the customer experience offered by our clients, strengthening of our expertise in terms of both quantity and quality, and the implementation of lean and agile methods throughout the company.
Our clients rely on us. Due to the nature of our solutions, we are deeply involved in our clients’ strategic business operations. Our task is to be the partner that knows how digital disruption is turned into victory – regardless of the client's industry. The solution that we can offer to our clients is our expertise and services that we provide. We can also utilise our partner network in our solutions. If required by the client, we provide a full range of services from enabling technologies to continuous services and business support.
As our expertise is built on the competences and abilities of our personnel, we will increase our investments in competence development. We already have an IBM commerce technology competence centre that is the largest in the Northern Europe and third largest in the world. We will make significant investments to grow our expertise in other technology solution areas as well. In 2017, we will recruit at least 100 new experts. After the first quarter, we will be in full swing.
We will maintain our earlier profit guidance concerning the adjusted operating profit for 2017.
Guidance on Group outlook
Solteq Group’s adjusted operating profit is expected to grow compared to financial year 2016.
Online-briefing for investors and media April 20th, 2017
The media and investor briefing for the announcement of financial performance of the first quarter of 2017 will be broadcasted on Periscope April 20th, 2017 at 13.00 on channel @SolteqTweets. The briefing will be recorded and can be accessed on the Solteq’s website later on the same day.
The online-briefing will also be broadcasted at the same time at Solteq Facebook as Live video. The Finnish presentation is followed by English briefing.
Olli Väätäinen, CEO, tel. +358 50 5578 111
Antti Kärkkäinen, CFO, tel. +358 40 8444 393
NASDAQ OMX Helsinki
Solteq in brief
Solteq is an expert in digital customer engagement. We deliver comprehensive solutions for omnicommerce and boosting your business: from back-office processes to customer experience – from supply chain management to online marketing. With 450 experts working in three countries Solteq deliveries solutions to deliveries to Europe, North America, Asia and Australia.