Solteq (SOLTEQ) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was EUR 11.2 million, down 7.5% year-over-year, with a weak start attributed to subdued demand in Retail & Commerce.

• Comparable EBITDA was EUR -0.1 million, and operating result was EUR -1.0 million, both declining significantly from the prior year.

• Cost-saving measures from change negotiations are expected to yield EUR 2.5 million in annual savings, with EUR 1.8 million realized in 2026.

• Utilities segment showed growth and improved profitability, while Retail & Commerce declined.

Financial highlights

• Revenue: EUR 11.2 million (down 7.5% year-over-year).

• Comparable EBITDA: EUR -0.1 million (EUR 0.5 million in Q1 2025).

• Operating result: EUR -1.0 million (EUR 0.2 million in Q1 2025).

• Earnings per share: EUR -0.07 (EUR -0.02 in Q1 2025).

• Net cash flow from operating activities: EUR -0.6 million.

Outlook and guidance

• Comparable revenue expected to remain stable for 2026, with a clear improvement in comparable operating result.

• Utilities segment anticipated to drive growth and profitability improvements as the year progresses.

• Retail & Commerce sales expected to recover gradually due to new offerings and efficiency measures.