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Solteq’s Year 2017

The year 2017 was a year of expansion, expedited particularly by acquisitions and the strengthening of the digital transformation in new industries.

In 2017, we redefined our strategy to position ourselves as a Nordic industry-independent IT provider and software house that specialises in digital business solutions. There were also changes in our management, with a new CEO coming in and some members of the Executive Team changing.

We have stated trying to increase the share of revenue generated by cloud services and other continuity services in our solution offering. We also focused on the development of our own software products and services. We are especially active in areas that enable us to incorporate artificial intelligence and robotics into our products and services.

We expanded our operations both geographically and in terms of the industries served. Through acquisitions, we expanded into the Utilities industry, deepened our analytics expertise and strengthened our position in the Nordics.

Solteq’s revenue in 2017 totalled 61,5 million euros (63,0 million euros).

Key figures

2017 2016 Change
Revenue, TEUR 61,536 63,049 -2.4%
Operating profit, TEUR 322 6,444 -95.0%
Adjusted operating profit, TEUR 2,115 3,114 -32.1%
Result for the financial year, TEUR -1,501 4,612 -132.5%
Earnings per share, EUR -0.08 0.26 -130.8%
Operating profit % 0.5% 10.2%
Adjusted operating profit % 3.4% 4.9%
Equity ratio % 33.7% 33.5%
Number of personnel, average 485 454 6.8%

2017 highlights

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