Global

    Key figures

    Learn more about us as a company through our key figures.

    Revenue (EUR Million)




    *2017: The company has taken the IFRS 15 standard into use on 1 January 2018 retroactively and the comparison figures for 2017 have been adjusted


    Comparable operating profit (EUR Million)



    Equity ratio (%)




     
     


    Average number of employees over financial period



    Financial structure

    The guiding principles of our financial structure

    Our aim is to ensure the going concern of the company and increase in shareholder value.

    The acquisition of Descom in summer 2015 and the financial solutions applied to implement it had a significant impact on the balance sheet and capital structure of the Solteq Group. The two main elements of the Group’s debt financing are a bond and overdraft and liquidity facilities.


    At the time of issue, the fixed-rate bond amounted to 27.0 million euro. The annual interest rate on the bond is 6% and the term to maturity five years. The terms of the bond include definitions of limits and other terms concerning the equity ratio, net interest income and the ratio of interest-bearing net debt to EBITDA. The terms of the bond are available here.


    The overdraft and liquidity facilities amount to 6.0 million euro. The financial covenants related to them are included in the terms of the bond.

    Solteq has repurchased and cancelled bonds

    Solteq Plc has repurchased bonds that it issued on 1 July 2015. The acquired bonds have been cancelled. The repurchases were carried out on market terms in the open market.


    The par value of the bonds repurchased and cancelled by the company amounts to 2.5 million and is about 9.3 percent of the total value of the issued bonds.


    The purchases were carried out to reduce the company’s interest costs. Read the release.

    Business segments

    Solteq's Group's business is divided 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.

    The segments' long-term financial goals are as follows:

    Segment Key figure Goal
    Solteq Software Minimum average annual growth in revenue 20%
    Solteq Software Minimum EBIT% 25%
    Solteq Digital Minimum average annual growth in revenue 5%
    Solteq Digital Minimum EBIT% 8%

     

    Calculation of key figures

    Calculation of Solteq's most important key figures

    Return on equity (ROE), in percentage:

    profit for the financial period (rolling 12 months) equity (average for the period)
    x 100

    Return on investment (ROI), in percentage:

    profit before taxes + finance expenses (rolling 12 months) balance sheet total - interest free debt (average for the period)
    x 100

    Solvency ratio, in percentage:

    equitybalance sheet total - advances received
    x 100

    Net debt:

    interest bearing liabilities - cash and cash equivalents

    Gearing, in percentage:

    interest bearing liabilities – cash, bank balances and securitiesequity
    x 100

    Earnings per share:

    profit before taxes -/+ minority interestadjusted average basic number of shares

    Diluted earnings per share:

    profit before taxes -/+ minority interestadjusted average diluted number of shares

    Equity per share:

    equitynumber of shares

    Dividend per share:

    dividend for the periodnumber of shares at the year end

    Dividend from result, in percentage:

    dividend per shareearnings per share
    x 100

    Effective dividend yield:

    dividend per shareshare price at the year-end
    x 100

    Price / earnings:

    share price at the year-endearnings per share
    x 100

    The market value of company’s shares:

    the number of shares at the year-end x share price at the year-end

    EBITDA:

    operating profit + depreciation and impairments