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2011-02-04 08:00:00 CET 2011-02-04 08:00:57 CET REGULATED INFORMATION Solteq Oyj - Company AnnouncementSOLTEQ OYJ HAS REFINED ITS STRATEGY FOR THE YEARS 2011 - 2014SOLTEQ OYJ - STOCK EXCHANGE BULLETIN ON FEBRUARY 4, 2011 Solteq Oyj has refined the company's strategy for the upcoming years. A central role of our strategy is to guarantee the continuity of our clients' operations as users of our solutions, enabling them to continuously benefit from technology developments. In our operations, we focus on our core operations in operational and financial control areas with the technologies of the world's leading partners. We complement our core offerings with industry-specific solutions with which our clients in the sectors of specialty and grocery retail, wholesale and logistics, and industrial and public sector gain competitive advantages faster using our introduced and flexible solutions. With the solutions supporting the core offerings, we enable specialty retail, maintenance and service management, as well as the management and quality improvement of the master data in client systems. These special areas are integrated solutions into our clients' operational and financial applications. As a part of the strategy we will execute improvement programs in order to improve long term efficiency. One of the programs focuses on our production model in which we utilize the delivery capability of lower-cost countries in searching for flexibility and scalability in our product development. We will also improve our operating model relating to internal efficiency through the coming years. As a strategic goal the board has set an approximately €50M income and a 10% earnings level by the end of the strategy period. This is to be implemented by use of organic and inorganic growth in the company's core service offerings and by expanding the customer segments. WE GUARANTEE CONTINUITY AND WE PROVIDE A FUTURE Our aim is to ensure the continuity of the solutions used by our clients. We develop solutions with sustainable technologies which are used to improve and develop our clients' competitiveness. By focusing on operational and financial solutions we are a part of our clients' core business and the success of our clients is our success. The cornerstone of our company strategy is the understanding of clients' operations and as a local service partner we are a part of our clients' value chain. GROWTH AND PROFITABILITY At the beginning of the strategy period, the key is the improvement and consolidation of profitability to our targeted level. Measures and programs launched in the year 2010 are used to ensure short-term profitability and the strategy is used to influence the company's success, growth and profitability in the coming years. By utilizing lower-cost countries as a part of our own processes, we are able to improve our profitability and flexibility in product development projects. This will enable us to strengthen and develop local services for our clients operating in Finland. CUSTOMER SEGMENTS Solteq Oyj continues to focus on the trade, logistic, industrial and public sector areas with their core offerings. Increasing the share of the public sector in 2011-2014 is a strategically significant target for our entire offering. We also offer industry independent solutions supporting the core offerings (specialized trade, maintenance and improvement of the quality of master data) outside of our primary business segments. In the provision of these solutions, we will continue to network with relevant players on the market and complete our partners' ERP deliveries with these solutions. PERSONNEL At the core of the implementation of our strategic objectives is our company's skilled staff to who we offer long term employment possibilities for different life stages. Staff diversity and the desire for development are key success factors in the implementation of our strategic objectives. Having a group of professionals with industry-specific expertise is our key competitive advantage and is an integral element in further building our clients' success. OPERATING MODEL By implementing the strategy we will develop into a service organisation that participates in the business growth and success of our clients by offering systematically developing services. Our project deliveries are based on product sketches that enable quicker deployment and improved quality. As such we focus on developing solutions based on technology platforms of the world's leading software suppliers. We valuate and focus on long term relationships with our clients which enable smooth technology changes, process transformation and the offer of new features to our clients. As part of the offering we develop service models that enable smooth transition to exploit new technologies which are based on cloud models (SaaS) and enable seamless solution integrations. INTERNATIONALIZATION Our internationalization directed towards the Baltic region, Baltic countries and Russia will be executed through supporting our new and existing clients in those regions. Our strength is in long terms client partnerships and we grow with our clients by offering evolving standard of service and solution portfolio as their business expands and internationalizes. In accordance with our internationalization strategy, we will grow our business volume moderately and on a needs oriented basis. INORGANIC GROWTH The achievement of strategic numeric objectives requires focused organic growth as well as industry and solution-expanding inorganic growth. We actively implement part of our growth strategy by acquisitions. Our goal is that by combining both growth elements, organic and inorganic, we will enable scale change of our company during the strategic period. Through this development we will better meet the growing needs of our large clients in our solution areas. PARTNERSHIPS We want to provide our clients with solutions that rely on global standards and the solutions of well-known suppliers. The share of our own solutions will be a significant development target for our existing clients. We will also continue along the path of TH Tiedonhallinta as the solution provider in the IBM RPG area. We will expand our service offering so that as current and new clients choose our core offering solutions we can always offer the best alternative of Microsoft Dynamics NAV and AX or SAP technologies. The vertical solutions supporting the core offerings based on Microsoft technology platforms are our competitive factors which we strongly believe in and which we will expand in selected sectors. ENVIRONMENT Our operations take into account environmental values and sustainable development perspectives. Our decisions will appreciate and value the future of the environment. We develop internal procedures and production solutions which are environmental friendly in our supply chain and operations and we expect the same from all of our partners. SOLTEQ OYJ For further information please contact: Managing Director Repe Harmanen, Tel.: +358 400 467 717, E-mail:repe.harmanen@solteq.com Chairman of the Board Ali Saadetdin, Tel.: +358 40 8444 201, E-mail: ali.saadetdin@solteq.com Distribution: NASDAQ OMX Helsinki Key media [HUG#1485399] |
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