2022-05-25 08:00:00 CEST

2022-05-25 08:00:14 CEST


REGULATED INFORMATION

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Solteq Oyj - Inside information

Profit warning: Solteq Plc lowers its revenue and profit guidance for 2022


Inside information, May 25, 2022, at 9:00 a.m.

The growth in revenue and profitability of Solteq Plc is expected to be weaker
than earlier estimated.

The new profit guidance for 2022 is: Solteq Group’s revenue is expected to grow
and profit to weaken.

Particularly, Solteq Utilities business unit’s higher-than-estimated investments
in product development and increased project delivery costs will weaken the
profitability and reduce customer invoicing during the ongoing financial year.

The previous 2022 profit guidance, published on April 28, 2022 as a part of the
year’s first Interim Report, was: Solteq Group’s revenue is expected to grow
clearly and operating profit to improve.

The company's long-term financial goals remain unchanged. Solteq Plc will
publish its Half-Year Report for January 1 – June 30, 2022 on August 11, 2022.

Vantaa, May 25, 2022

SOLTEQ PLC

BOARD OF DIRECTORS

Distribution
NASDAQ OMX Helsinki
Key media
www.solteq.com (https://investors.solteq.com/)

Further information
Interim CEO, CFO Kari Lehtosalo
Tel: +358 40 701 0338
E-mail: kari.lehtosalo@solteq.com

Solteq in brief
Solteq is a provider of IT services and software solutions specializing in the
digitalization of business and industry-specific software. The key sectors in
which the company has long-term experience are retail, manufacturing, utilities,
and services. The company employs over 650 professionals with offices in
Finland, Sweden, Norway, Denmark, Poland, and the UK, with a customer base
throughout Europe.



05240099.pdf