Global
Commerce
Data
Business Operations
Vechile sales
Robotics
Retail and wholesale
Energy industry
*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
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 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.
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% |
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