2008-10-15 08:00:00 CEST
2008-10-15 08:00:59 CEST
REGULATED INFORMATION
Solteq Oyj - Interim report (Q1 and Q3)
Solteq Plc's Interim report 1.1.-30.9.2008
Solteq Plc Stock Exchange Bulletin 15.10.2008 at 9.00am
- Turnover increased by 12,1% during the review period.
- The operating result for the review period totalled 0,8 million
euros and compared to the previous year it was slightly better.
- The company estimates turnover and result to increase as expected
during year 2008.
KEY FIGURES
Turnover by operation:
% 1-09/08 1-09/07 1-12/07
Services 60 65 63
Licences 25 24 24
Hardware 15 11 13
Turnover by segment:
Me 1-09/08 1-09/07 Change
Trade 14,5 12,6 +1,9
Industry and services 7,2 6,8 +0,4
Total 21,7 19,4 +2,3
Operating result by segment:
Me 1-09/08 1-09/07 Change
Trade 1,0 0,4 +0,6
Industry and services -0,2 0,4 -0,6
Total 0,8 0,8 0,0
Managing Director Hannu Ahola:"Development of company's turnover continued in a planned growth
trend during the third quarter. Also the operating profit is on a
yearly level slightly better compared to previous year. During recent
months we have reported that we have concluded several new
significant delivery contracts, which empower the company to achieve
the objectives that are set for the whole year 2008 and also provide
dynamic start for 2009. The uncertainty in general economic situation
is not actually shown in our business and the ongoing projects are
continuing as planned."
BUSINESS ENVIRONMENT AND BUSINESS DEVELOPMENT
Solteq is a strategic partner for trade and industry, whose core
competency is IT solutions that are critical to business. Solteq
combines its own product portfolio with the products from the leading
software companies in the world to deliver individual business
development and ERP solutions for its customers. The information that
is processed by means of these solutions is helping customers to lead
their business even better than before and to improve their
profitability.
In the beginning of year 2008 Solteq's operations were internally
divided to five separate units. The result is still monitored through
two business segments. The segment Trade consists of Trade and Auto
Trade units. Industry and services segment consists of Industry and
Information Management units. Application Services is company's
internal service unit. OOO Solteq Russia acts as a separate
subsidiary, which serves with the support of the parent company's
organization Solteq's customers operating in Russia.
TRADE
Business environment - Trade
IT-investments have remained stable in the business branch trade.
International financial crisis has brought caution also to the
decision-making of companies in trade, but no fading has been seen in
the demand for IT-solutions. IT-system investments in the business
branch trade are driven by demand for strengthen customer service to
competitive advantage, chaining of stores, need to improve
effectiveness of activities and building of new shopping- and
logistics centers.
The expansion of Finnish store chains to abroad appear also as growth
of demand for IT- solutions. In abroad companies in trade want to
implement IT- systems whose properties have been developed and tested
on the domestic front. In addition to the demand for IT- systems the
globalization of companies in trade appears also in the demand for
consultancy services.
The foreign companies in trade, whose expand their activities to
Finland, increase also the demand for IT-system knowledge in business
branch trade. Companies are seeking Finnish partners who have the
knowledge in local systems and who have robust experience in
integration of different systems to each other.
The continuance of IT- investments in the trade branch is also backed
up by the retailers' need for replace already or soon out-of-date
systems. The need for change related to old systems becomes concrete
when companies acquire new systems either by themselves or through
corporate acquisitions and different systems have to be harmonized or
connect to each other at the minimum. At the moment there are a
plenty of systems in use in stores that don't support or make
possible at all the implementation of new services such as advanced
reporting tools.
Interest especially towards various optimization solutions has
increased. By the means of procurement optimization the purchasers
take care of it that there are right products in a right price and
right time available for the customers. Solteq has invested in
knowledge of procurement and logistics optimization and it is well
positioned, when the awareness of benefits of those solutions
continues to increase.
The customers in business branch trade are increasingly interested in
various standards that have been developed in EU-area. For the system
deliverers in business branch trade standards like SEPA (Single Euro
Payments Area) and PCI (Payment Card Industry) entail requirements
related to training and gaining certificates. Solteq has
systematically trained the standards to its specialists. The
objective is to improve company's competitive strength by combining
standards of trade to Solteq's own strength, knowledge in value chain
of trade.
Business environment - Auto Trade
During the review period there were no major changes in the business
environment of auto trade, but since the review period the economical
uncertainty has clearly arisen. Increased fuel costs and interest
expenses as well as uncertainty due to the global financial crisis
can be seen as car trades customer's protracted or postponed purchase
decisions. The caution of end customers reverberates to the
allocation of car traders own investment decisions. The caution in
IT-investments appears in the markets as low demand for system
renewals.
Instead of new investments the companies in car trade are still
investing in developing existing systems. The focus of IT demand in
business branch auto trade is concentrated on different services and
added value products which Solteq and various interest groups of the
branch are providing. Solteq implements terminal interfaces between
the services of different interest groups of auto trade, between its
own added value products and existing systems of auto trade.
The business development in auto trade is lead by a group of
companies, whose are seeking innovative solutions for their
activities regardless of economic cycle. Companies' need to respond
more accurately to the needs of their customers is the driver for the
development work. The companies in auto trade can achieve changes
that make the service more smooth and activities more effective by
developing their systems.
Business development - Trade
During the review period the business operations in the Trade unit
developed according to plans and unit achieved its challenging
financial objectives.
During the review period Solteq's investments continued in the supply
of trade related solutions and both cooperation and product
integration with Solteq's partners such as Wincor Nixdorf, Microsoft,
IBM, SAP, JDA Software and Optiscan. Along with the own product
development and partners' versatile supply of solutions Solteq
develops solutions for all sized companies in the business branch
trade.
The strongest demand was focused on ERP-systems and store management
systems. During the review period there were several Solteq Merx and
Microsoft Dynamics NAV -ERP projects ongoing, those projects kept the
Solteq's specialists of industry branch trade busy. Like previous
quarter the interest towards Tekso- point-of-sale systems remained
above average among the store management systems.
During the review period the largest single projects were the system
renewals in Anttila Oy's distribution center in Hämeenkylä and
Tokmanni Group of companies' logistics center in Mäntsälä. Anttila's
warehouse management renewal consists of Merx ERP and solution
related to speech picking based on voice recognition. During the
review period Solteq carried out Tokmanni Group a pilot project that
is going to expand during the last quarter of 2008 to cover
group-wide ERP and warehouse management systems as well as
procurement optimization and solution related to speech picking based
on voice recognition.
The focuses of product development were on message communications.
Also the development of project management was continued. The best
practices related to ways of action of project management, which have
been increased along with group's corporate acquisitions, have been
collected up in the product development project.
Business development - Auto Trade
The business operations of the Auto Trade unit developed satisfactory
during the review period. The service sales of customers' existing
systems developed as expected, whereas the license sales of new
systems remained below expectations.
INDUSTRY AND SERVICES
Solteq's Industry and Services business segment consists of Industry
and Information Management business units. The expertise in
enterprise resource planning (ERP) and maintenance systems has been
centralized in the Industry business segment. Information Management,
that is a new business unit and that was launched in the beginning of
2008, provides harmonization projects for IT- systems and master data
maintenance services as well as data collection services. These
projects and services are provided both domestically and globally
along with international customers. The objective for segregation of
Information Management unit is to ensure that harmonization services
will be effectively available to all customers of Solteq.
Business environment - Industry
In Finland the industrial companies have continued their investments
in ERP-systems and maintenance IT-systems. In the markets there are
more signs of caution than before, but so far there have been no
evident signs of fading demand, except for the customers in forest
industry.
The demand for maintenance IT-systems has remained brisk like it was
during the first half of the year. Among ERP-systems especially the
sales of Microsoft Dynamics NAV -systems has been active. In addition
the demand for data collection -solutions has activated significantly
during the third quarter.
Russia is the growing market area for Solteq's Industry unit. In
Russia the investments in production plants of foreign companies are
still in clear upswing. The companies that are investing in Russia
want to build the IT- systems of their new production plants so that
they match with existing IT-systems in other units and so that the
new systems integrate smoothly to existing ones.
In addition more and more Russian companies are willing to invest in
maintenance systems. Effectively utilized maintenance system
increases production days and thereby generated increase in
production capacity provides solutions' short payback period.
Business environment - Information Management
Solteq's Information Management business unit offers harmonization of
information system master data (product, customer and supplier
information). The objective for harmonization is to improve quality
of the data that is recorded to the IT- systems. Leading by
information is going rise as a megatrend, and Information Management
business unit offers its services to respond to the demand that is
generated through above-mentioned trend.
During the third quarter the demand for services remained almost
unchanged. The decision-making related to investments in industrial
companies has clearly become slower, that is shown in the start-ups
of new harmonization projects.
Instead the companies in trade have been more and more activated.
Interest towards harmonization services is shown especially among
companies in retail business and wholesale. Increased awareness
related to the business advantages of leading by information is
influencing in the background of increased interest.
Business development - Industry
The business operations of Industry unit developed satisfactory
during the review period and unit remained a bit from its financial
objectives due to changes in time schedule of one large project.
Among ERP-systems significant single projects have been Componenta's
SAP-project, whose execution was started in company's unit in
Netherlands during the review period. SAP-project that was carried
out to University of Helsinki Funds proceeded into production stage
as planned. In addition Solteq started renewal for Kiilto Oy in which
solution related to speech picking based on voice recognition is
integrated to client's existing ERP-system.
The finalization of Ruukki's project's adjustment work was the most
important one among IT-maintenance projects. In November this massive
project proceeds into production.
In September Solteq announced maintenance solution delivery to Kotkan
Energia, which covers all the power plants of Kotka Energia, district
heating centers and pumping stations as well as wind farms. This
solution consists of maintenance system, server equipments, and
database and implementation project. In addition maintenance system
renewal that was delivered to Vantaa Energia was completed during the
review period.
The activities of Solteq's Russian unit were developed by
strengthening project resources. Unit's sales project backlog
increased intensively during the third quarter. There are ongoing
sales projects both in maintenance IT-systems and ERP-systems.
During the review period the focus of strong product development was
on the development work of IT-maintenance systems. Investments in
product development will be increased from before during the last
quarter of 2008.
Business development - Information Management
During the review period the business operations of Information
Management unit developed like previous quarter. Unit lags behind its
annual objectives due to below par sales.
TURNOVER AND RESULT
Turnover increased by 12,1% compared to the previous year and
totalled
21.730 thousand euros (19.382 thousand euros).
Turnover consists of several individual customerships. At the most,
one client corresponds to a less than five percentages from the
turnover.
The operating profit for the review period totalled 803 thousand
euros (758 thousand euros), result before taxes was 562 thousand
euros (630 thousand euros) and the profit for the review period 393
thousand euros (719 thousand euros).
BALANCE SHEET AND FINANCING
The total assets amounted to 20.758 thousand euros (20.101 thousand
euros). Liquid assets totalled 277 thousand euros (108 thousand
euros).
The company's interest-bearing liabilities were 6.589 thousand euros
(6.996 thousand euros).
The company's equity ratio was 44,8% (46,0%).
INVESTMENTS, RESEARCH AND DEVELOPMENT
Gross investments during the review period were 704 thousand euros
(1.702 thousand euros).
The additional price 200 thousand euros, due to the acquisition of
Fulmentum Oy, is included in the gross 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, Wincor-Nixdorf 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 development costs under IFRS have been
capitalized in the amount of 408 thousand euros (95 thousand euros).
Mainly the costs relating to research and development are presented
due to their nature as yearly costs in profit and loss account.
Capitalized costs relate to two product development projects. The
depreciation according to plan will be started along with the
commercial implementation of the projects.
PERSONNEL
The number of permanent employees at the end of the review period was
264 (257). Average number of personnel during the review period was
264 (243). At the end of the review period the number of personnel
divided as follows: trade 126, industry and services 111 and shared
functions 27.
RELATED PARTY TRANSACTIONS
The company has related party relationships with members of the Board
of Directors, the managing director and the management group of the
Solteq group of companies. There haven't been significant changes in
the company's related party transactions after the issue of financial
statements from year 2007.
SHARES, SHAREHOLDERS AND TREASURY SHARES
Solteq Plc's equity on 30.9.2008 was 1.009.154,17 euros which was
represented by 12.148.429 shares. The shares have no nominal value.
In the end of the review period the amount of treasury shares in
Solteq Plc's possession was 63.600 shares. The amount of treasury
shares represented 0,52 % from total amount of shares and votes in
the end of the review period. The equivalent value of acquired shares
was 5.283 euros.
Exchange and rate
During the review period, the exchange of Solteq's shares in the
Helsinki Stock Exchange was 0,8 million shares (1,9 million shares)
and 1,2 million euros (3,0 million euros). Highest rate during the
review period was 1,77 euros and lowest rate 1,28 euros. Weighted
average rate of the share was 1,51 euros and end rate 1,36 euros. The
market value of the company's shares at the end of the review period
totalled 16,5 million euros (19,3 million euros).
Ownership
At the end of the review period, Solteq had a total of 2.033
shareholders (2.258 shareholders). Solteq's 10 largest shareholders
owned 7.996 thousand shares i.e. they owned 65,8 per cent of the
company's shares and votes. Solteq Plc's members of the board owned a
total of 5.189 thousand shares which equals 42,7 per cent of the
company's shares and votes.
ANNUAL GENERAL MEETING
Solteq Plc's annual general meeting on 28.3.2008 adopted the
financial statements for 2007 and the members of the board and the
managing director were discharged from liability for the financial
year 2007.
The annual general meeting decided in accordance with the board's
proposal a dividend of 0,06 euros per share. The balancing date of
dividend was 2.4.2008 and payment date 9.4.2008.
The annual general meeting decided to authorize the board of
directors to decide on acquiring the company's own shares so that the
amount in the possession of the company does not exceed 10 percent of
the company's total shares at that moment. The shares can be acquired
in order to develop the company's capital structure, finance and
execute acquisitions or similar arrangements or used as part of the
incentive scheme of the personnel or convey otherwise or be
invalidated. The shares can be acquired in other proportion than the
shareholders' holdings. The shares are to be acquired through public
trading and at market price. The acquiring is to be done with the
unrestricted shareholders' equity. The authorization is valid until
the beginning of the next annual general meeting.
BOARD OF DIRECTORS AND AUDITORS
Six members were elected to the board of directors. Seppo Aalto, Ari
Heiniö, Veli-Pekka Jokiniva, Ali Saadetdin and Jukka Sonninen will
continue as members of the board. Markku Pietilä was elected as new
member of the board of directors. The board elected Ali Saadetdin to
act as the chairman of the board.
From August 2008 Seppo Aalto, member of the board, has been prevented
to participate the work of board of directors until further notice.
He is on a sick leave and recovering from a fit.
KPMG Oy Ab, Authorized Public Accountants, were re-elected as
Solteq's auditors. Frans Kärki, APA, acts as the lead partner.
EVENTS AFTER THE REVIEW PERIOD
There have been no reportable matters since after the review period.
RISKS AND UNCERTAINITIES
The key uncertainties and risks are related to the timing and pricing
of the business deals that are the basis of the turnover, changes in
the level of costs and to the company's ability to manage extensive
contract agreements and deliveries. The reflections from the ongoing
financial crisis form a question mark, the impact of which is hard to
estimate.
The key business risks and uncertainties of the company are monitored
constantly as a part of the board and management group work. The
company has not organized a separate internal audit organization or
committee.
PROSPECTS
In the interim review 8.8.2007 Solteq Plc set a long-term objective
for years 2008-2010 that is to achieve 10 % yearly organic growth of
turnover. Additional growth is sought by allocated acquisitions.
Company's objective for yearly operating profit is to significantly
improve the level of operating profit compared to previous years, as
the objective is 10 % of turnover. There are still realistic
conditions for achieving these objectives. The reflections of the
potential recession on the profit making ability of the company are
impossible to estimate at the moment. The company will do all efforts
to ensure that the profit targets will be achieved.
The operating profit for 2008 is expected to improve even though it
will not reach the above-mentioned target level of 10 %.
FINANCIAL INFORMATION
GROUP PROFIT AND LOSS ACCOUNT
(TEUR)
1.7.- 1.7.- 1.1.- 1.1.- 1.1.-
30.9.2008 30.9.2007 30.9.2008 30.9.2007 31.12.2007
NET TURNOVER 6 291 5 857 21 730 19 382 27 926
Other operating
income 2 10 41 65 69
Raw materials and
services -1 409 -1 426 -5 424 -4 099 -6 398
Staff expenses -3 192 -2 907 -11 372 -10 341 -14 356
Depreciation -181 -179 -540 -566 -742
Other operating
expenses -1 128 -1 052 -3 632 -3 683 -5 195
OPERATING RESULT 383 303 803 758 1 304
Financial income
and
expenses -83 -58 -241 -128 -214
PROFIT BEFORE APPROPRIATION
AND TAXES 300 245 562 630 1 090
Income taxes -89 29 -170 89 28
PROFIT FOR THE PERIOD
212 274 393 719 1 118
Earnings / share,
e(undiluted) 0,02 0,02 0,03 0,06 0,09
Earnings / share,
e(diluted) 0,02 0,02 0,03 0,06 0,09
GROUP BALANCE SHEET (TEUR) 30.9.2008 30.9.2007 31.12.2007
ASSETS
NON-CURRENT ASSETS
Intangible assets
Intangible rights 2 282 2 091 2 069
Goodwill 8 286 8 086 8 086
Tangible assets 2 724 2 784 2 743
Investments
Other shares and similar
rights of ownership 93 117 117
Deferred tax
assets 493 801 661
Total non-current
assets 13 878 13 879 13 676
CURRENT ASSETS
Short-term debtors 6 602 6 114 8 025
Cash in hand and at banks 277 108 345
Total current
assets 6 879 6 222 8 370
TOTAL ASSETS 20 758 20 101 22 046
EQUITY AND LIABILITIES
CAPITAL AND RESERVES ATTRIBUTABLE TO THE SHAREHOLDERS
OF THE PARENT COMPANY
Share capital 1 009 1 001 1 002
Share issue 0 3 64
Company's own shares -86 0 0
Share premium account 75 4 18
Unrestricted equity
fund 7 213 7 213 7 213
Retained earnings 693 302 304
Profit for the
financial period 393 719 1 118
Total equity 9 297 9 242 9 719
LIABILITIES
Non-current liabilities 3 663 163 163
Current liabilities 7 798 10 696 12 164
Total liabilities 11 461 10 859 12 327
TOTAL EQUITY AND
LIABILITIES 20 758 20 101 22 046
FINANCIAL PERFORMANCE
INDICATORS 1-09/08 1-09/07 1-12/07
Net turnover MEUR 21,73 19,38 27,93
Change in net turnover 12,12 % 16,81 % 20,55 %
Operating result MEUR 0,80 0,76 1,30
% of turnover 3,70 % 3,91 % 4,67 %
Result before taxes MEUR 0,56 0,63 1,09
% of turnover 2,59 % 3,25 % 3,90 %
Equity ratio, % 44,79 45,98 44,08
Gearing, % 67,89 % 74,53 % 69,01 %
Gross investments in
non-current assets MEUR 0,70 1,70 1,83
Return on equity, % 5,66 % 10,38 % 11,50 %
Return on investment, % 6,73 % 6,95 % 8,72 %
Personnel at end of
period 264 257 259
Personnel average
for period 264 243 252
KEY INDICATORS PER SHARE
Earnings / share, e 0,03 0,06 0,09
Earnings / share,
e(diluted) 0,03 0,06 0,09
Equity / share, e 0,77 0,77 0,81
QUARTERLY KEY INDICATORS (MEUR)
4Q/06 1Q/07 2Q/07 3Q/07
Net turnover 6,58 6,38 7,14 5,86
Operating result 0,02 0,13 0,33 0,30
Result before taxes -0,03 0,10 0,29 0,24
4Q/07 1Q/08 2Q/08 3Q/08
Net turnover 8,55 6,89 8,55 6,29
Operating result 0,54 0,05 0,37 0,38
Result before taxes 0,45 -0,02 0,28 0,30
CASH FLOW STATEMENT (MEUR)
1-09/2008 1-09/2007 1-12/2007
Cash flow from business
operations 1,87 -0,66 -0,46
Cash flow from capital
expenditure -0,66 -3,38 -3,47
Cash flow from financing activities
Income from issued
shares 0,00 0,01 0,08
Dividend distribution -0,73 0,00 0,00
Return of equity(paid) 0,00 -1,20 -1,20
Own shares -0,09 0,00 0,00
Loan agreement -0,46 3,24 3,29
Cash flow from financing
activities -1,28 2,04 2,17
Change in cash and cash
equivalents -0,06 -2,00 -1,76
TOTAL INVESTMENTS (MEUR)
1-09/2008 1-09/2007 1-12/2007
Continuing operations,
group total 704 1 702 1 833
LIABILITIES (MEUR) 30.9.2008 30.9.2007 31.12.2007
Company quorantee for
credit limits 1,18 1,18 1,18
Perfomance bonds 0,05 0,05 0,05
Lease contracts, machinery &
equipment 0,68 0,77 0,56
Lease liability,
premises 2,60 3,09 2,93
The Group has no liabilities from derivative instruments.
MAJOR SHAREHOLDERS SEPTEMBER 30, 2008
Shares and votes
Number %
1. Saadetdin Ali 3 481 383 28,7 %
2. Aalto Seppo 1 662 206 13,7 %
3. Profiz Business Solution Oyj 1 300 480 10,7 %
4. TP-Yhtiöt Oy 513 380 4,2 %
5. Roininen Matti 329 000 2,7 %
6. Hakamäki Jorma 228 430 1,9 %
7. Saadetdin Katiye 156 600 1,3 %
8. Kiiveri Jouko 118 280 1,0 %
9. Aukia Timo 103 230 0,8 %
10. Halmet Jarmo 102 770 0,8 %
10 largest shareholders total 7 995 759 65,8 %
Total of nominee-registered 84 196 0,7 %
Others 4 068 474 33,5 %
Total 12 148 429 100,0 %
STATEMENT OF CHANGES IN GROUP EQUITY
(TEUR)
A=Share capital
B=Share issue
C=Company's own
shares
D=Share premium account
E=Unrestricted equity
fund
F=Equity account
G=Retained
earnings
H=Total
A B C D E F G H
EQUITY 1.1.2007 994 0 0 2 164 298 5 962 296 9 714
Granted option
rights 5 5
Result for the
period 719 719
Total gains and
losses 719 719
Subscription
issue 1 3 4 8
Transfer
betweeen
equity accounts 6 -2 164 8 120 -5 962 0
Return on equity
(paid) -1 204 -1 204
EQUITY 30.9.2007 1 001 3 0 4 7 214 0 1 020 9 242
EQUITY 1.1.2008 1 002 64 0 18 7 213 0 1 422 9 719
Result for the
period 393 393
Total gains and
losses 393 393
Subscription
issue 7 -64 57 0
Acquiring of own
shares -86 -86
dividend
distribution -728 -728
EQUITY 30.9.2008 1 009 0 -86 75 7 213 0 1 086 9 297
Taxes corresponding to the result have been
presented as taxes for the financial period.
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
This financial statements bulletin has been prepared in accordance
with IAS 34 -standard and the same accounting policies as in the
annual financial statements 2007.
All forecasts and estimates presented in the financial interim review
are based on the current views of the management on the economic
environment and outlook. Results can differ from those implied as a
result of, among other factors, changes in economic market and
competitive conditions, changes in the regulatory environment and
other government actions.
The interim review is unaudited.
SOLTEQ'S FINANCIAL INFORMATION IN 2008
Solteq Plc will publish the financial statements bulletin from the
financial year 2008 January 28, 2009.
More information for investors at Solteq's website at www.solteq.com
Additional information:
Managing Director Hannu Ahola
Telephone +358 20 1444 211 or +358 40 8444 211
E-mail hannu.ahola@solteq.com
CFO Antti Kärkkäinen
Telephone +358 20 1444 393 or +358 40 8444 393
E-mail antti.karkkainen@solteq.com
Distribution:
Helsinki Stock Exchange
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