Solteq (SOLTEQ) Q4 2024 earnings summary

Executive summary

• Achieved a significant profit improvement in Q4 2024, with a EUR 1.4 million increase in operating result despite a 12.5% revenue decline year-over-year.

• Full-year comparable operating result turned positive at EUR 0.7 million, improving by over EUR 5 million from 2023.

• Divested Danish healthcare software business for EUR 4 million, focusing on core energy, retail, and e-commerce solutions.

Financial highlights

• Q4 revenue: EUR 12.5 million (-12.5% YoY); full-year revenue: EUR 50.9 million (-11.8% YoY).

• Q4 comparable EBITDA: EUR 0.8 million (up from -0.4 million); full-year comparable EBITDA: EUR 2.9 million (up from -1.7 million).

• Q4 operating result: EUR 1.8 million (includes EUR 1.3 million profit from divestment); full-year operating result: EUR 1.8 million.

• Earnings per share: EUR 0.03 in Q4 (up from -0.43); EUR -0.06 for the year (up from -0.28).

• Net cash flow from operating activities: EUR 1.6 million (up from -5.3 million).

Outlook and guidance

• 2025 guidance: Comparable revenue expected to decrease slightly, but comparable operating result to improve significantly.

• Market conditions remain challenging, but gradual stabilization is anticipated.