Commerce
Business Operations
Data
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 two main elements of the Group’s debt financing are a bond and overdraft and liquidity facilities.
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.
The company issued a new bond on October 1, 2020, using the assets obtained to redeem a bond that would have matured on July 1, 2021. A new, fixed-rate and unsecured senior bond worth EUR 23.0 million was admitted to public trading on Nasdaq Helsinki Ltd on October 5, 2020. The company used the new bond to secure its long-term financing and going concern.
24.9.2020 – Solteq Plc issues new notes in a nominal amount of EUR 23 million and redeems its outstanding notes due 2021
15.9.2020 – Solteq Plc considers the issuance of new notes and announces the voluntary total redemption of its EUR 27 million senior unsecured fixed rate notes due 2021
18.5.2020 – Amendments to the terms and conditions of Solteq Plc notes approved in written procedure
21.4.2020 – Solteq Plc announces a written procedure to amend the terms and conditions of its EUR 27 million senior unsecured fixed rate notes due 2020
6.4.2020 – Solteq Oyj considers requesting an amendment to the terms and conditions of its EUR 27 million notes in a written procedure
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% |