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 result (EUR Million)
Equity ratio (%)
Average number of employees over financial period
The guiding principles of our financial structure
Our aim is to ensure the going concern of the company and increase in shareholder value.
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 7.0 million euro. The financial covenants related to them are included in the terms of the bond.
Listing prospectus for Solteq Plc’s EUR 23,000,000 notes available
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.
Stock Exchange Bulletins Regarding the Company's Financial Structure:
30.12.2022 – Amendments to the terms and conditions of Solteq Plc notes approved in written procedure
25.11.2022 – Solteq Plc announces a written procedure to amend the terms and conditions of its EUR 23 million senior unsecured fixed rate notes due 2024
1.10.2020 – Listing prospectus for Solteq Plc’s EUR 23,000,000 notes available
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 financial targets, revenue and cost structures, and product development needs.
The Retail & Commerce segment aims for the long-term target of a minimum annual growth of 8 percent in the revenue and operating result.
For the revenue of the Utilities segment, the long-term target is to grow a minimum of 15 percent annually. For the operating result, the segment is aiming for a long-term target of 18 percent annual growth. The segment is aiming to increase the share of software-based recurring revenue to half of its total revenue.
The segments' long-term financial goals are as follows:
|Retail & Commerce||Minimum average annual growth in revenue||8%|
|Retail & Commerce||Minimum EBIT%||8%|
|Utilities||Minimum average annual growth in revenue||15%|