Solteq Oyj

Ticker/ISIN
SOLTEQ
FI0009007991
Marknad/Land
Main Market, Helsinki
Sweden

Om Solteq Oyj

Solteq supplies IT solutions and services to large, medium sized and growing companies in retail, car sales and selected industrial segments. Solteq serves their customers in two profit units; Trade and Industry. The company's headquarters are located in Tampere.

Senaste sammanfattade pressmeddelande från Solteq Oyj

The Shareholders’ Nomination Committee of Solteq Plc has proposed to the Annual General Meeting, scheduled for March 27, 2025, the composition and remuneration of the Board of Directors. The Committee suggests having seven Board members for the term ending at the 2026 Annual General Meeting. Katarina Cantell and Panu Porkka will not continue as Board members. Lotta Kopra and Markus Huttunen are proposed as new members, while Markku Pietilä, Lotta Airas, Anni Sarvaranta, Mika Sutinen, and Esko Mertsalmi are proposed for re-election. Markku Pietilä is nominated as Chairman. Kopra and Huttunen bring significant experience in business leadership and digital transformation. Markku Pietilä and Lotta Airas are dependent on a significant shareholder, while other members are independent. The Committee proposes unchanged remuneration: EUR 5,000 per month for the Chairman, EUR 2,500 per month for members, and EUR 500 per Board or Committee meeting, with reimbursement of reasonable expenses. The Nomination Committee comprises members representing the four largest shareholders. The proposals were made unanimously, considering the company's Board diversity policy, and will be included in the AGM notice. Solteq is a Nordic software and expert service provider in the retail and energy sectors, employing over 400 professionals across several countries.
Solteq Plc has repurchased EUR 2,260,000 of its notes maturing in 2026 as part of a strategy to optimize its financial structure and enhance flexibility. The Board of Directors has decided to cancel these acquired notes, aiming to strengthen the company's financial position, reduce interest expenses, improve its credit profile, and lower financial risks. The remaining outstanding bond amount will be EUR 20,740,000. Solteq, a Nordic software and service provider for the retail and energy sectors, employs over 400 professionals and operates in several European countries. Further repurchases may occur if market conditions allow.
A notification was issued regarding transactions by Great Expectations Capital Oy, a legal entity with managerial responsibilities in Solteq Oyj, where Aarne Aktan serves as CEO. The transactions, conducted on December 20, 2024, at NASDAQ Helsinki, involved the acquisition of shares in Solteq Oyj. The total volume of shares acquired was 20,000 with a volume-weighted average price of 0.59381 EUR. Solteq Oyj is a Nordic company providing software solutions and services in the retail and energy sectors, with operations in several European countries.
Solteq Plc issued a stock exchange bulletin on December 3, 2024, regarding transactions by Great Expectations Capital Oy, a legal entity associated with Aarne Aktan, the CEO of Solteq. The transactions involved the acquisition of shares on NASDAQ Helsinki. On November 29, 2024, a total of 5,365 shares were acquired at a volume-weighted average price of 0.59636 EUR. On December 2, 2024, 29,000 shares were acquired at a volume-weighted average price of 0.61626 EUR. Solteq is a Nordic company providing software solutions and expert services in the retail and energy sectors, with a presence in several European countries.
On November 26, 2024, Jesper Boye, Solteq Plc’s EVP of Retail & Commerce and Executive Team member, announced his resignation. He will leave his current role immediately but will remain with the company until the end of the year. Mikko Sairanen, the CFO, will take over as interim head of the Retail & Commerce segment while the company searches for a new EVP. Jesper Boye expressed gratitude for his time at Solteq and was thanked by CEO Aarne Aktan for his contributions. The current Executive Team includes Aarne Aktan (CEO and EVP of Utilities), Mikko Sairanen (CFO and interim EVP of Retail & Commerce), Oona Silén (VP of People and Culture), and Christa Tavan (Director of Marketing and Communications). Solteq is a Nordic software and services provider in the retail and energy sectors, employing over 400 people across several countries.
On November 18, 2024, Solteq Denmark A/S, a subsidiary of the Solteq Group, entered into an agreement to sell its healthcare software solutions business to Confirma Software for EUR 4 million. The payment will be made in cash upon completion of the transaction, which is expected to be finalized by the end of 2024 or early 2025, pending customary closing conditions. In 2023, the business generated EUR 1.8 million in revenue. Upon closing, all related assets and liabilities, except for accounts receivable and payable, will transfer to Confirma Software. This sale aligns with Solteq's strategic focus on energy, retail, and e-commerce sectors. Confirma Software, a Nordic company, is viewed as a suitable successor for the healthcare business.
Solteq Plc has announced its financial reporting schedule for 2025. The company will release its Financial Statements Bulletin for 2024 on February 13, 2025, followed by its first interim report (covering January to March 2025) on April 29, 2025. The Half-Year Report (covering January to June 2025) will be published on August 21, 2025, and the second interim report (covering January to September 2025) will be available on October 29, 2025. Solteq's 2024 Annual Report, including the Board of Directors' Report and Financial Statements, will be published on their website by March 5, 2025. The Annual General Meeting is scheduled for March 27, 2025, with details to be announced later. Solteq is a Nordic company providing software solutions and expert services in the retail and energy sectors, employing over 400 professionals across several countries.
Solteq Plc has issued a correction to its Consolidated Cash Flow Statement for the period January 1 to September 30, 2024, as reported in their Interim Report. The net cash flow from operating activities is now reported as EUR 1,230 thousand, and the net cash used in financing activities is EUR -1,914 thousand. These corrections do not affect other calculations in the report. The corrected Interim Report is available, and further information can be obtained from CEO Aarne Aktan or CFO Mikko Sairanen. Solteq is a Nordic company specializing in software solutions and expert services for the retail and energy sectors, employing over 400 professionals across several countries.

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Övrig information som ska lämnas enligt börsens regler: The members of Shareholders' Nomination Committee of Solteq Plc have been appointed

On September 6, 2024, Solteq Plc announced the formation of its Shareholders’ Nomination Committee, comprising representatives from its four largest shareholders as of August 30, 2024. The committee members are: - Markku Pietilä, nominated by Profiz Business Solution Oy (11.32% shares and votes) - Jukka Vähäpesola, nominated by Keskinäinen Työeläkevakuutusyhtiö Elo (10.31% shares and votes) - Karoliina Lindroos, nominated by Keskinäinen Eläkevakuutusyhtiö Ilmarinen (8.51% shares and votes) - Hanna Kaskela, nominated by Keskinäinen työeläkevakuutusyhtiö Varma (7.97% shares and votes) The committee is responsible for preparing proposals for the election and remuneration of the Board of Directors to be presented at the Annual General Meeting. These proposals will be submitted to the Board of Directors by January 31, 2025. For further information, contact CEO Aarne Aktan. Solteq Plc is a Nordic software and expert services provider with over 400 employees, operating in several countries.

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Övrig information som ska lämnas enligt börsens regler: Solteq Oyj:n osakkeenomistajien nimitystoimikunnan jäsenet on nimetty

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Halvårsrapport: Solteq Oyj:n puolivuosikatsaus 1.1.-30.6.2024

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Övrig information som ska lämnas enligt börsens regler: Solteq käynnistää kirjallisen menettelyn 1.10.2024 erääntyvän 23 miljoonan euron joukkovelkakirjalainansa ehtojen muuttamiseksi

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Övrig information som ska lämnas enligt börsens regler: Solteq commences a written procedure to amend the terms and conditions of its EUR 23 million notes due 1 October 2024

Solteq Plc has initiated a written procedure to amend the terms and conditions of its EUR 23 million senior unsecured fixed rate notes. The company aims to ensure sufficient funding and operational continuity. Noteholders are requested to consent to the proposed amendments, which are expected to aid in refinancing the notes and improving profitability through cost-saving measures. A Consent Fee of 1.75% of the nominal amount of the notes will be offered to those who vote in favor by the specified deadline. A quorum requires participation from noteholders holding at least 50% of the adjusted nominal amount, and approval needs a two-thirds majority of votes cast. Noteholders must participate by 13 September 2024, and further details are available in the Request document attached to the release. If the request is not approved, the current terms will remain unchanged. The notes have been listed on Nasdaq Helsinki since October 2020.

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Insiderinformation: Inside information: Solteq provides preliminary information about its second quarter and considers commencing a written procedure to extend the final maturity date of its EUR 23 million notes

Solteq has released preliminary financial information to assist with financing negotiations. The unaudited figures indicate a significant earnings turnaround, with a EUR 1.9 million improvement in comparable EBITDA and a EUR 2.1 million increase in the comparable operating result for the second quarter, resulting in a profitability boost of over 15% and a slightly positive operating result. CEO Aarne Aktan credits the company's renewed business strategy, enhanced operations, and cost-saving programs over the past two years for this success, along with the efforts of the personnel. The net cash flow improved by EUR 3.0 million in the first half of the year compared to the previous period. Solteq plans to publish its Half-Year Report on August 22. The company is considering initiating a written procedure to amend the terms of its EUR 23 million senior unsecured fixed-rate notes due October 1, 2024, to ensure sufficient funding and operational continuity. If this procedure is pursued, Solteq will issue a release and draft a request for Noteholders' approval, requiring at least 20% of the Adjusted Nominal Amount and a two-thirds majority of the votes cast. For further information, contact CEO Aarne Aktan or CFO Mikko Sairanen. Solteq is a Nordic software solution and expert service provider in the retail and energy sectors, operating in multiple countries with over 400 professionals.

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Insiderinformation: Sisäpiiritieto: Solteq antaa ennakkotietoja toisesta neljänneksestään ja harkitsee kirjallisen menettelyn käynnistämistä 23 miljoonan euron joukkovelkakirjalainan takaisinmaksupäivän pidentämiseksi

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Övrig information som ska lämnas enligt börsens regler: Solteqin tehostamis- ja kustannussäästöohjelma on saatu päätökseen

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Övrig information som ska lämnas enligt börsens regler: Solteq's efficiency and cost-savings program has been completed

Solteq has completed its efficiency and cost-savings program aimed at the Retail & Commerce segment’s Commerce & Data business unit and Group administration. The company expects to achieve annual savings of approximately EUR 3.4 million, with about a third of these savings realized in 2024. Following change negotiations in Finland, which began on May 6, 2024, and concluded on June 24, 2024, Solteq will reduce its workforce by 24 employees in Finland. These measures are intended to create a more agile organization and improve profitability, with a long-term target of at least 8 percent annual growth in revenue and operating result margin for the Retail & Commerce segment. Solteq operates with nearly 500 professionals across several countries, including Finland, Sweden, Norway, Denmark, Poland, and the UK.

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Ändring av styrelse/ledning/revisor: Solteq Plc's CEO Aarne Aktan to take on the leadership responsibilities of the Utilities segment

Solteq Plc's CEO, Aarne Aktan, will assume leadership responsibilities for the Utilities segment following the resignation of Jaakko Hirvensalo, the former EVP of Utilities. This is in addition to Aktan's current duties as CEO. The change will be effective from May 1, 2024. Aktan's extensive experience in software product development and business leadership is expected to benefit the company. The executive team of Solteq also includes Jesper Boye, Mikko Sairanen, Oona Silén, and Christa Tavan. Solteq is a Nordic software solution provider specializing in retail and energy sectors, operating in several countries.

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