Solteq - Solid finish to 2020
Solteq’s Q4 was slightly above expectations, with revenue at EUR 16.4m (Evli EUR 16.1m) and comp. EBIT at EUR 2.0m (Evli EUR 1.7m). Solteq expects that Group revenue in 2021 will grow clearly and for the operating profit to improve. Dividend proposal EUR 0.15 (Evli EUR 0.06).
- Net sales in Q4 were EUR 16.4m (EUR 157m in Q4/19), in line with our estimates (Evli EUR 16.1m). Growth in Q4 amounted to 4.5% y/y. Comparable growth amounted to 9.3%. Comparable growth was attributable to both segments. 20.6% of sales came from outside Finland.
- The operating profit and comparable operating profit in Q4 amounted to EUR 1.8m and 2.0m (EUR 1.7m/1.7m in Q4/19), slightly above our estimates (Evli EUR 1.7/1.7m). Capitalized product development investments during 2020 amounted to EUR 3.0m. Investments in 2021 are expected to amount to EUR 2.5m.
- Solteq Digital: Comparable revenue in Q4 amounted to EUR 10.6m (Q4/19: EUR 10.2m) vs. EUR Evli 10.9m. The comp. EBIT was EUR 0.9m (Q4/19: EUR 0.3m) vs. Evli EUR 1.0m.
- Solteq Software: Revenue in Q4 amounted to EUR 5.8m (Q4/19: EUR 4.8m) vs. Evli EUR 5.2m. The comp. EBIT was EUR 1.1m (Q4/19: EUR 0.6m) vs. Evli EUR 0.7m.
- Guidance for 2021: group revenue is expected to grow clearly and operating profit to improve.
- Dividend proposal: EUR 0.15 (Evli EUR 0.06)
Open Report