Solteq Plc has published Financial Statements Bulletin January 1 – December 31, 2022.
The fourth quarter of Solteq Plc was weak. The Group’s revenue was EUR 16.9 million, EBITDA EUR 0.3 million, and comparable operating result EUR -0.8 million. The revenue diminished by 7.5 percent due to a decrease in demand and problems with Utilities product development.
The revenue of the Solteq Digital segment decreased as a result of the economic uncertainties in the market. The demand was lower than in the comparison period, which decreased the utilization rate and profitability of the segment.