2014-02-14 08:00:02 CET
2014-02-14 08:00:06 CET
REGULATED INFORMATION
Solteq Oyj - Financial Statement Release
SOLTEQ PLC’S FINANCIAL STATEMENTS BULLETIN 1.1.-31.12.2013 (IFRS)
Solteq Plc Stock Exchange Bulletin 14.2.2014 at 9.00 am.
- Revenue totalled 38.1 million euros (39.0 million euros).
- The operating result for the financial year was 2.141 thousand euros (2.731
thousand euros).
- The company's operating margin was 5,6 per cent (7,0 % in 2012, 6,3 % without
one-time profit and expenses).
- Solteq Group's equity ratio was 43,5 per cent (37,2 per cent).
- Earnings per share was 0,11 euros (0,12 euros).
- Board proposes to the Annual General Meeting that a dividend of EUR 0,03 per
share will be paid for each share. In addition to this is proposed that the
Board be authorised, on the basis of Chapter 13, Section 6, Sub-section 2 of
the Finnish Companies Act, to decide on the distribution of a dividend
amounting to a maximum of EUR 0,05 per share or of other assets from the
distributable equity reserve, as well as decide on the timing and other details
concerning the possible distribution.
Turnover by operation:
% 1-12/13 1-12/12
Softwareservices 66 61
Licences 27 32
Hardware 7 7
CEO Repe Harmanen:
The road we have chosen turns changes into opportunities
Financially, 2013 was fairly good for us - despite the challenging market
situation. Our growth slowed down but we managed to maintain our market
position and profitability thanks to our long-term client relationships, which
are important for our success.
In 2013, we concentrated on the development of our core business operations
and on strengthening our client relationships. We continued our efforts to make
our cost control and structure more flexible. At the same time, we expanded and
honed our solution selection to make it increasingly client oriented. One
example is the upgraded business-to-consumer e-business solution that we were
able to offer to our clients.
We also succeeded in deepening several of our long-term client relationships.
Our new software solutions played a key role in the development of our client
cooperation. The significant increase in client satisfaction in 2013 reflects
the long-term strategic client relations work that Solteq has carried on for
several years. We also started cooperation with several new clients and
strengthened the collaboration with our key clients.
Forward trend indicated by several measures
We developed in several important areas in 2013, and I am extremely pleased
with the situation. Our client value proposition is to ensure continuity and
enable the future at the right time and cost. The trust of our clients in us
continued to increase. We have several clients with which we implement large
projects and consider long-term strategic development. The improved client
satisfaction is a good proof of this development: up to nine out of ten of our
clients now recommend us; in 2013, the score was seven out of ten. This is an
excellent proof of the efforts taken by each Solteq employee to enhance client
orientation - the promise of the client value proposition has to be delivered
every day. Client Always First.
Our employee satisfaction also continued the growth that had taken place for
several years. Up to two thirds of Solteq's employees would recommend us as an
employer. This score is higher than the average of Finnish expert
organizations.
In my opinion, these results reflect our strong software solution and industry
expertise as well as low personnel turnover. For us, the client always comes
first, and our work is characterized by openness, nimbleness of operations and
easy approachability.
It is important for us to be an employer that takes our employees' life
situations into consideration and offers possibilities to develop individual
competences. The low turnover of our personnel allows a systematic development
of expertise.
Strategy program continues
In 2013, we continued the implementation of the strategy program started in
2011. In the program, we focus on long-span development of our solutions,
client orientation and HR development. The work has proceeded in an excellent
way. In short, I could say that many of the successes achieved in 2013 are the
result of our systematic and persistent work of several years. It is not a
coincident that both the client and employee satisfaction have improved, or
that we are a reliable partner in comprehensive retail, logistics and service
solutions.
An excellent example in practice is the Microsoft Dynamics AX business. We made
serious investments in this business in 2011, and during 2013 it developed into
profitable business that created competitive advantage for us. Several
successful client projects speak for themselves.
The foundation pillar of our strategy is ensuring continuity - for our clients'
business operations, for Solteq's development, for our personnel, and for our
stakeholders and interest groups. A good example of ensuring continuity for our
clients is the growth of the popularity of the “Bridge” Solutions in 2013. The
solutions offer transfer paths from old systems to new ones. During the course
of 2013, we were able to report on several “Bridge” contracts in e.g. the
Enterprise Asset & Service Business Management Segment.
Accelerating changes in retail trade
The changes in the retail sector have been accelerated by shifts in consumer
behavior and by multichannel retailing. In view of the continuity of the
business operations, expansion to e-business is a key question for many
retailers. The gap between the consumers and the retailers which avoid
engaging in e-business grows all the time, and dropping out of competition may
be extremely fast. The drastic changes in retail trade also impact the
wholesale sector. E-business makes it possible to reach the end customer
globally through traditional distribution channels or without them.
We see the changes in the future and in retail trade primarily as an
opportunity for our clients and for Solteq. The changing operating environment
and consumer behavior create opportunities but turning them to profitable
business requires customer oriented solutions. We want to cooperate with our
clients and help them succeed in turning the threats brought by changes into
opportunities by providing them with appropriate software solutions.
We will continue on the road we have chosen with increased determination
In fall 2013, we started to make plans for the strategy period which will start
in 2015. We will continue, with increased determination, developing our
strengths and competitive advantages as well as new solutions that serve the
needs of our clients, probing for new business opportunities, and focusing on
our clients. It is important for us to make sustainable decisions which ensure
the continuity of both Solteq's and our clients' business operations.
In 2013, we paid increasing attention to international activities. Our
operations mainly take place in Finland, although our solutions are used in
more than 20 countries. Our business operations have become international
through the international operations of our clients, and this is the direction
we intend to proceed in. In future, we will pay more attention to how we are
able to respond more effectively to the tightening international competition in
software solutions.
I would like to extend my thanks to our clients, personnel and partners, as
well as owners and other stakeholders for the open and strengthening
cooperation in 2013. It is great to have you with us turning changes into
opportunities.
BUSINESS ENVIRONMENT AND BUSINESS DEVELOPMENT
Solteq is a leading retail and service industry software service company. We
offer long-term partnership and the markets' widest range of retail and service
industry software services, from the optimisation of the entire supply chain to
the management of consumer-customer information. Our technology-independent
solutions help our customers to guide their business operations as efficiently
and profitably as possible.
Solteq Plc's reported segments are Grocery and special retail, HoReCa;
Wholesale, Logistics and Services and Enterprise Asset & Service Business
Management.
The aim of the segmentation is to respond to customer demand as a field total
supplier and therefore to improve the availability of services and ease for our
customers.
Solteq's turnover totalled 38.124 thousand euros in which contains decrease of
2,3 per cent compared to corresponding period in 2012. Solteq's operating
result decreased to 2.141 thousand euros from 2.731 thousand euros that was the
operating result in the corresponding period 2012. The company's operating
margin was 5,6 % (7,0 % in 2012).
Grocery and special retail, HoReCa
Solteq's Grocery and Special Retail Segment provides its clients with total
solutions that they can utilise to improve efficiency in terms of logistics,
store operations, customer service, point of sale operations, as well as loyal
customer management.
The grocery and special retail solutions help optimise the management of the
product selection, space, deliveries, logistics and customer satisfaction while
increasing sales and improving the result. The solutions speed up the basic
operations, improve delivery reliability, reduce storage value, increase stock
turnover and enhance predictability. The store always has the right products
in the right place, at the right time, and at the right price.
During the review period the revenue of the Grocery and Special Retail segment
totalled 18,0 million euros and the operating result was 1,1 million euros.
Wholesale, Logistics and Services
Solteq's Wholesale, Logistics and Services Segment provides its clients with
ERP and financial management systems, as well as optimisation, integration and
reporting solutions that support these systems.
Solteq's solutions help clients manage their operations and enhance purchases,
sales, stock management and reporting. The systems can be utilised to improve
delivery reliability, reduce storage value, increase stock turnover and enhance
predictability. Materials flow management ensures that the right goods reach
the right customers at the right time, packed in an optimal manner.
Solteq's wholesale, logistics and services systems improve the effectiveness of
operations and enable more flexible and versatile customer service. At the same
time, automated data management enhances the company's internal operations.
Solteq's solutions are used daily by a large number of clients representing
various industries and sectors, such as wholesale, retail and public
administration.
During the review period the revenue of the Wholesale, Logistics and Services
segment totalled 15,0 million euros and the operating result was 0,3 million
euros.
Enterprise Asset & Service Business Management
Solteq's Enterprise Asset & Service Business Management Segment provides its
clients with ERP and master data management solutions.
The enterprise resource planning solutions developed for the optimisation of
service processes help clients manage their operations in many ways, for
instance enhance production plant reliability, task and resources management,
field work, sales and customer service, partner network management and
materials management. The solutions are utilised by a large number of clients
representing various industries and sectors, such as energy production,
maintenance services, life cycle services, engineering and technical services
of cities and municipalities, property management services, and home and care
services.
The Enterprise Asset & Service Business Management Segment also provides client
companies with services and products related to business critical data (master
data) in the form of master data improvement projects, data maintenance
services outsourced to master data service centers, software technologies for
master data management, and consultation services. The aim of these services is
to ensure that the data in the systems that support the clients' enterprise
resource planning and decision making processes are of high quality, compatible
and up-to-date. Solteq's master data management solutions are used by clients
across industries and sectors.
During the review period the revenue of the Enterprise Asset & Service Business
Management segment totalled 5,2 million euros and the operating result was 0,7
million euros.
REVENUE AND RESULT
Revenue decreased by 2,3 % compared to the previous year and totalled 38.124
thousand euros (previous financial year 39.016 thousand euros).
Revenue consists of several individual customerships. At the most, one client
corresponds to less than ten percentages of the revenue.
The operating result for the financial year was 2.141 thousand euros (2.731
thousand euros), result before taxes was 1.927 thousand euros (2.433 thousand
euros) and result for the financial year 1.621 thousand euros (1.697 thousand
euros).
The partial realisation of financial risks in a single major project in the
Wholesale, Logistics and Services Segment was the most significant individual
factor that influenced the decrease in turnover and operating profit. According
to Solteq's view the company has fully provided for these risks. Corrective
measures were made in this area during the year to minimize the impacts on
business operations.
On 22 March 2012, Solteq Plc and Aldata Solution Plc completed a transaction in
which Solteq Plc acquired Aldata Solution Finland Ltd, the daughter company
under 100% ownership of Aldata Solution Plc. During the financial year 2013 the
revenue of the acquired business operations developed as expected and was 11,7
million euros (9,5 million euros in 2012, consolidated into the Solteq Group
from 1.3.2012). Operating result of the acquired business was 0,9 million euros
in 2013 (0,9 million euros in 2012).
As part of the corporate acquisition published on 20 March 2012, the company
bought and re-leased its office space properties in Tampere. The balance sheet
value of the office space properties at the time of sale was 1.590 thousand
EUR. The sales profit relating to the sale of commercial property shares, 887
thousand EUR, is presented in other income in reference year.
BALANCE SHEET AND FINANCING
The total assets amounted to 25.386 thousand euros (27.096 thousand euros).
Liquid assets totalled 2.367 thousand euros (1.242 thousand euros). In addition
to liquid assets, the company has unused bank account limits amounting to a
total of 1.500 thousand euros in the end of the financial year.
The Group's interest-bearing liabilities were 5.555 thousand euros (6.430
thousand euros).
Solteq Group's equity ratio was 43,5 per cent (37,2 per cent).
INVESTMENTS, RESEARCH AND DEVELOPMENT
Gross investment during the review period was 957 thousand euros (7.439
thousand euros). The investments of the financial period are mainly replacement
investments. Of the investments during the reference year, 8.301 thousand EUR
was connected to the corporate acquisition, and correspondingly, 1.590 thousand
EUR of disinvestments was connected to the sale of the office space properties
in Tampere. Otherwise, investments in the reference year are replacement
investments.
Research and development
Solteq's research and development costs consist mainly of personnel costs. When
developing basic products, it is Solteq's strategy to cooperate with global
actors such as SAP, Symphony EYC and Microsoft and utilize their resources and
distribution channels. Own development efforts are focused on added value
products and developing tailored service concepts.
During the review period product development costs were not amortized (none in
the reference year, either).
PERSONNEL
The number of permanent employees at the end of the review period was 277
(288). The average number of personnel during the review period was 287 (270).
In the end of the review period the number of personnel could be divided as
follows: Grocery and special retail, HoReCa segment: 118 people; Wholesale,
Logistics and Services: 88 people; Enterprise Asset & Service Business
Management; 40 people and 31 people in shared functions.
RELATED PARTY TRANSACTIONS
Solteq's related parties include the board of directors, managing director, the
management team and the companies owned by the management.
SHARES, SHAREHOLDERS AND TREASURY SHARES
Solteq Plc's equity on 31.12.2013 was 1.009.154,17 euros which was represented
by 14.998.061 shares. The shares have no nominal value.
At the end of the review period, the amount of treasury shares in Solteq Plc
and the group companies Solteq Management Oy's and Solteq Management Team Oy's
possessions were 773.404 shares. The amount of treasury shares represented 5,2
% of the total amount of shares and votes at the end of the review period. The
equivalent value of acquired shares was 52.039 euros.
During the review period, one flagging announcement was made. The Mutual
Insurance Company Pension Fennia and LocalTapiola Mutual Pension Insurance
Company announced a merger, in which they will form Elo Mutual Pension
Insurance Company starting from 1.1.2014. The realization of the merger led to
the change in ownership, which was announced on 3 January 2014. Elo Mutual
Pension Insurance Company owned on 3 January 2014 more than 10 % of the shares
and votes in Solteq Plc.
Exchange and rate
During the financial year, the exchange of Solteq's shares in the Helsinki
Stock Exchange was 0,9 million shares (1,9 million shares ) and 1,4 million
euros (2,1 million euros). Highest rate during the financial year was 1,77
euros and lowest rate 1,20 euros. Weighted average rate of the share was 1,49
euros and end rate 1,46 euros. The market value of the company's shares in the
end of the financial year totalled 21,9 million euros (18,0 million euros).
Ownership
In the end of the financial year, Solteq had a total of 1.758 shareholders
(1.804 shareholders). Solteq's 10 largest shareholders owned 11.211 thousand
shares i.e. they owned 74,7 per cent of the company's shares and votes. Solteq
Plc's members of the board owned a total of 5.524 thousand shares which equals
36,8 per cent of the company's shares and votes.
ANNUAL GENERAL MEETING
At Solteq Plc's Annual General Meeting on 15 March 2013 the 2012 financial
statements were adopted and the members of the board and the managing director
were discharged from liability for the 2012 review period.
The Annual General Meeting accepted that the Board is authorized in accordance
with the Finnish Companies Act 13 chapter 6§ 2 paragraph to decide on a maximum
dividend of 0,04 euros per share or other distribution of funds from the
distributable equity fund as well as to decide upon the timing of the
distribution and other details was accepted. The authorization is valid until
the beginning of the next Annual General Meeting.
The Annual General Meeting authorized the Board of Directors to decide on the
purchase of the Company's own shares to improve the capital structure, to be
used as a part of remuneration of personnel, to finance and execute business
acquisitions and other business arrangements or to be further transferred or
cancelled. The proposal includes authorization to take company's own shares as
a pledge. According to the proposal, the total number of the shares purchased
shall not exceed 10 percent of all shares of the Company and they can be
purchased otherwise than in proportion to the shareholdings of the
shareholders. The shares shall be purchased through public trading. The
authorization includes that the Board of Directors may decide the terms and
other matters concerning the purchase of own shares. The authorization is
effective until the next Annual General Meeting.
The Annual General Meeting authorized the Board of Directors to give new shares
or convey company's own shares. The authorization would be executed by one or
more share issues, maximum total amount being 3.000.000 shares. The
authorization includes a right to deviate from the shareholders' pre-emptive
right of subscription. The authorization includes that the Board of Directors
may decide the terms and other matters concerning the share issue. The
authorization is effective until the next Annual General Meeting.
BOARD OF DIRECTORS AND AUDITORS
Six members were elected to the Board of Directors. Ali Saadetdin, Seppo Aalto,
Markku Pietilä, Sirpa Sara-aho, Jukka Sonninen and Matti Roininen continued as
members of the board. The Board elected Ali Saadetdin to act as the Chairman of
the Board.
KPMG Oy Ab, Authorized Public Accountants, was re-elected as Solteq's
auditors. Lotta Nurminen, APA, acted as the chief auditor.
EVENTS AFTER THE REVIEW PERIOD
No events requiring reporting have taken place after the review period.
RISKS AND UNCERTAINTIES
The key uncertainties and risks in short term are related to the timing and
pricing of business deals that are the basis for revenue, changes in the level
of costs and the company's ability to manage extensive contract agreements and
deliveries.
The key business risks and uncertainties of the company are monitored
constantly as a part of the board of directors' and management team's duties.
The company has not organized a separate internal audit organization or
committee.
PROSPECTS
Both revenue and operating result are expected to grow compared to financial
year 2013.
PROPOSAL OF THE BOARD OF DIRECTORS ON THE DISPOSAL OF PROFIT FOR THE FINANCIAL
YEAR
At the end of the financial period 2013, the distributable equity of the
Group's parent company is 9 483 308,16 euros.
The Solteq Plc Board proposes to the Annual General Meeting that a dividend of
EUR 0.03 per share will be paid for each share. In view of the current number
of the shares, this would mean the distribution of approx. 450 thousand euros
to the shareholders.
In addition to this is proposed that the Board be authorised, on the basis of
Chapter 13, Section 6, Sub-section 2 of the Finnish Companies Act, to decide on
the distribution of a dividend amounting to a maximum of 0,05 EUR per share or
of other assets from the distributable equity reserve, as well as decide on the
timing and other details concerning the possible distribution. In view of the
current number of the shares, this would mean the distribution of approx. 750
thousand euros to the shareholders (In the Annual General Meeting 2013 the
Board got an authorisation for a dividend, or other assets from the
distributable equity reserve amounting to a maximum of EUR 0.04. The Board
decided, based on this authorisation, on 18.11.2013 on a dividend payment of
EUR 0.02).
No essential changes have taken place in the company's financial situation
after the end of the financial period. The liquidity of the company is good,
and in the Board's estimation the proposed distribution of dividend or other
assets will not endanger the company's financial standing.
Financial reporting
Financial Statements Bulletin 1.1.-31.12.2013 has been prepared in accordance
with IAS 34 Interim Financial Reporting -standard. The financial statement
figures presented in the bulletin are based on the company's audited financial
statements using the same accounting policies. The Auditor's Report was
provided on 13/2/2014.
The financial result is reported through three business areas. Grocery and
special retail, HoReCa segment, Wholesale, Logistics and Services and
Enterprise Asset & Service Business Management. The most essential product and
service types of the Solteq group of companies are software services, licenses
and hardware sales.
All forecasts and estimates presented in the bulletin are based on the current
views of management on the economic environment and outlook. Because of this,
the results can differ as a result of, among other factors, changes in economy,
markets and competitive conditions, changes in the regulatory environment and
other government actions.
FINANCIAL INFORMATION
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(TEUR)
1.10.- 1.10.- 1.1.- 1.1.-
31.12.2013 31.12.2012 31.12.2013 31.12.2012
Revenue 9 821 11 205 38 124 39 016
Other income 38 0 50 900
Materials and services -2 528 -3 003 -9 151 -10 369
Employee benefit expences -5 102 -5 426 -19 386 -19 304
Depreciation and impairments -310 -280 -1 228 -1 126
Other expenses -1 490 -1 617 -6 268 -6 386
OPERATING RESULT 429 878 2 141 2 731
Financial income and
expenses -74 -37 -214 -298
RESULT BEFORE TAXES 355 841 1 927 2 433
Income tax expences 74 -221 -306 -735
RESULT FOR THE FINANCIAL PERIOD
429 619 1 621 1 697
OTHER COMPREHENSIVE INCOME TO BE RECLASSIFIED TO PROFIT OR
LOSS IN SUBSEQUENT PERIODS
Cash flow hedges -6 -8 27 -45
Taxes related to cash
flow hedge 1 2 -6 11
Other comprehensive income,
net of tax -5 -6 21 -34
TOTAL COMPREHENSIVE INCOME
424 613 1 642 1 663
Total profit for the period attributable to
Owners of the parent 429 619 1 621 1 697
Total comprehensive income attributable to
Owners of the parent 424 613 1 642 1 663
Earnings / share,
e(undiluted) 0,03 0,04 0,11 0,12
Earnings / share,
e(diluted) 0,03 0,04 0,11 0,12
Taxes corresponding to the result have been presented as taxes
for the period.
CONSOLIDATED BALANCE SHEET (TEUR) 31.12.2013 31.12.2012
ASSETS
NON-CURRENT ASSETS
Tangible assets 1 399 942
Intangible assets
Goodwill 12 730 12 728
Other intangible rights 2 853 3 590
Available-for-sale
financial assets 546 538
Trade and other receivables 32 63
Total non-current
assets 17 560 17 861
CURRENT ASSETS
Inventories 156 126
Trade and other receivables 5 303 7 867
Cash and cash equivalents 2 367 1 242
Total current
assets 7 826 9 235
TOTAL ASSETS 25 386 27 096
EQUITY AND LIABILITIES
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT
Share capital 1 009 1 009
Share premium reserve 75 75
Hedging reserve -28 -49
Reserve for own shares -933 -933
Distributable equity
reserve 6 392 6 368
Retained earnings 4 331 3 607
Total equity 10 846 10 077
Non-current liabilities
Deferred tax liabilities 593 791
Financial liabilities 3 695 4 827
Current liabilities 10 252 11 401
Total liabilities 14 540 17 019
TOTAL EQUITY AND
LIABILITIES 25 386 27 096
CASH FLOW STATEMENT (MEUR)
1-12/2013 1-12/2012
Cash flow from business
operations 3,83 2,28
Cash flow from capital
expenditure -0,96 -5,95
Cash flow from financing activities
Own shares 0,00 -0,10
Return of equity 0,00 -0,45
Dividend distribution -0,90 0,00
Directed issue 0,00 3,02
Loan agreements -0,85 2,17
Cash flow from financing
activities -1,75 4,64
Change in cash and cash
equivalents 1,12 0,97
STATEMENT OF CHANGES IN GROUP EQUITY (TEUR)
A=Share capital
B=Reserve for own shares
C=Share premium account
D=Hedging reserve
E=Distributable equity reserve
F=Retained earnings
G=Total
A B C D E F G
EQUITY 1.1.2012 1 009 -835 75 -14 3 800 1 910 5 945
Total comprehensive income -35 1 697 1 663
Own shares acquired -99 -99
Directed issue 3 017 3 017
Return of equity (paid) -449 -449
EQUITY 31.12.2012 1 009 -933 75 -49 6 368 3 607 10 077
EQUITY 1.1.2013 1 009 -933 75 -49 6 368 3 607 10 077
Total comprehensive income 21 1 621 1 642
The fees for the Board Members
in the form of treasury shares 24 24
Dividend distribution -898 -898
EQUITY 31.12.2013 1 009 -933 75 -28 6 392 4 331 10 846
SEGMENT INFORMATION
Turnover by segment:
Me 1-12/13 1-12/12 Change
Grocery and special retail, HoReCa 18,0 17,0 +1,0
Wholesale, Logistics and Services 15,0 16,9 -1,9
Enterprise Asset & Service Business Management 5,2 5,1 +0,0
Total 38,1 39,0 -0,9
Operating result by segment:
Me 1-12/13 1-12/12 Change
Grocery and special retail, HoReCa 1,1 0,7 +0,4
Wholesale, Logistics and Services 0,3 2,3 -2,0
Enterprise Asset & Service Business Management 0,7 -0,3 +1,0
Total 2,1 2,7 -0,6
QUARTERLY KEY INDICATORS (MEUR)
1Q/12 2Q/12 3Q/12 4Q/12
Net turnover 8,85 10,4 8,52 11,21
Operating result 0,95 0,39 0,51 0,88
Result before taxes 0,84 0,32 0,44 0,84
1Q/13 2Q/13 3Q/13 4Q/13
Net turnover 9,99 9,73 8,59 9,82
Operating result 0,54 0,54 0,63 0,43
Result before taxes 0,48 0,49 0,60 0,36
TOTAL INVESTMENTS (TEUR)
1-12/2013 1-12/2012
Continuing operations,
group total 957 7 439
LIABILITIES (MEUR) 31.12.2013 31.12.2012
Business mortages 10,00 10,00
Other lease liabilities 3,53 4,18
RELATED PARTY TRANSACTIONS (TEUR) 31.12.2013 31.12.2012
Renting arrangements 83 76
Outsourcing expenses 2 3
Transactions with the insiders have been done at market price and are part of
the company's normal software service business.
FAIR VALUES OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES
The fair values of the financial assets and liabilities are mainly
the same as the book values on both 31.12.2013 and 31.12.2012.
Hence they are not presented in table form in the bulletin.
DISTRIBUTION OF HOLDINGS BY SECTOR DECEMBER 31, 2013
Number of Shares and votes
holdings % Number
Private companies 68 19,2 % 2 728 911
Financial and insurance institutions 8 1,2 % 53 341
Public-sector organizations 2 17,6 % 2 658 719
Households 1 668 61,9 % 9 548 089
Non-profit organizations 5 0,1 % 4 381
Foreigners 7 0,0 % 4 620
Total 1 758 100,0 % 14 998 061
Total of Nominee-registered 7 0,8 % 124 952
DISTRIBUTION BY NUMBER OF SHARES DECEMBER 31,2013
Number of Shares and votes
Number of shares holdings % Number
1 - 100 332 0,2 % 25 510
101 - 1 000 975 3,2 % 474 663
1 001 - 10 000 378 8,1 % 1 209 844
10 001 - 100 000 58 10,2 % 1 532 459
100 001 - 1 000 000 11 19,1 % 2 864 816
1 000 000 - 4 59,3 % 8 890 769
Total 1 758 100,0 % 14 998 061
Total of Nominee-registered 7 0,8 % 124 952
MAJOR SHAREHOLDERS DECEMBER 31, 2013
Shares and votes
Number %
1. Saadetdin Ali 3 481 383 23,2 %
2. Eläke-Fennia Keskinäinen 2 000 000 13,3 %
Vakuutusyhtiö
3. Profiz Business Solution Oyj 1 747 180 11,6 %
4. Aalto Seppo 1 662 206 11,1 %
5. Keskinäinen Työeläkevakuutusyhtiö 644 917 4,3 %
Varma
6. Pirhonen Jalo 408 480 2,7 %
7. Solteq Management Oy 400 000 2,7 %
8. Roininen Matti 360 000 2,4 %
9. Solteq Management Team Oy 350 000 2,3 %
10. Saadetdin Katiye 156 600 1,0 %
10 largest shareholders total 11 210 766 74,7 %
Total of nominee-registered 124 952 0,8 %
Others 3 662 343 24,4 %
Total 14 998 061 100,0 %
FINANCIAL PERFORMANCE
INDICATORS (IFRS) 2013 2012 2011 2010 2009
Net turnover MEUR 38,1 39,0 27,1 27,0 28,6
Change in net turnover -2,3 % 43,7 % 0,5 % -5,4 % -6,0 %
Operating result MEUR 2,1 2,7 1,5 -4,3 1,5
% of turnover 5,6 % 7,0 % 5,4 % -16,0 % 5,1 %
Result before taxes MEUR 1,9 2,4 1,3 -4,5 1,3
% of turnover 5,1 % 6,2 % 4,7 % -16,6 % 4,7 %
Equity ratio, % 43,5 37,2 34,2 30,6 47,2
Gearing, % 29,4 % 51,5 % 65,4 % 132,8 % 66,7 %
Gross investments in
non-current assets MEUR 1,0 7,4 0,5 0,2 0,7
Return on equity, % 15,5 % 21,2 % 16,0 % -48,7 % 9,6 %
Return on investment, % 13,2 % 20,8 % 13,1 % -29,3 % 9,1 %
Personnel at end of
period 277 288 212 220 235
Personnel average
for period 287 270 211 233 240
KEY INDICATORS PER SHARE
Earnings / share, e 0,11 0,12 0,08 -0,32 0,08
Earnings / share,
e(diluted) 0,11 0,12 0,08 -0,32 0,08
Equity / share, e 0,72 0,67 0,52 0,45 0,84
CALCULATION OF FINANCIAL RATIOS
Solvency ratio, in percentage
equity x 100
----------------------------------
balance sheet total - advances received
Gearing
interest bearing liabilities - cash,
bank balances and securities X 100
-------------------------------------------
equity
Return on Equity (ROE) in percentage
profit or loss before taxation - taxes x 100
----------------------------------------
equity
Profit from invested equity in percentage
profit or loss before taxation +
interest expenses and other financing expenses x 100
----------------------------------------
balance sheet total - non-interest bearing
liabilities
Earnings per share
pre-tax result - taxes
+/- minority interest
------------------------------------
diluted average share issue
corrected number of shares
Diluted earnings per share
diluted profit before taxation -
taxes +/- minority interest
-----------------------------------------------
diluted average share issue
corrected number of shares
Equity per share
equity
-----------------------
number of shares
Financial reporting
Solteq's Annual Report including audited financial statements for the year 2013
were published in the company's web site on 14/2/2014. The company does not
publish a printed Annual Report.
Solteq Plc's financial information bulletins in 2014 have been scheduled as
follows:
- Financial Statements and Annual Report 2013 on Friday February 14, 2014 at 9
am
- Interim Report 1-3/2014 on Thursday April 24, 2014 at 9 am
- Interim Report 1-6/2014 on Thursday July 17, 2014 at 9 am
- Interim Report 1-9/2014 on Friday October 17, 2014 at 9 am
More investor information is available from Solteq's website at www.solteq.com
Additional information:
CEO Repe Harmanen,
Tel +358 400 467 717,
E-mail repe.harmanen@solteq.com
CFO Antti Kärkkäinen
Tel +358 40 8444 393,
E-mail antti.karkkainen@solteq.com
Distribution:
NASDAQ OMX Helsinki
Key media
www.solteq.com
© 2024 Nasdaq, Inc. All Rights Reserved |