# Solteq Oyj

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/solteq).

## Overview

Solteq is a Nordic company specializing in software solutions and IT expert services for the energy sector, retail industry, and e-commerce needs. With over 400 IT professionals, Solteq operates across Finland, Sweden, Norway, Denmark, Poland, and the UK. The company focuses on delivering scalable and modern IT architecture solutions that support digitalization and efficient core operations. Solteq's offerings are tailored to meet the evolving demands of its key sectors, driven by regulatory changes and technological advancements.

## Products & services

• Software solutions for energy and utilities
• IT expert services for retail
• E-commerce software solutions
• Digital transformation consulting
• Scalable IT architecture solutions

- **Utilities** (40%) — Software solutions and services for the energy and water sectors
- **Retail & Commerce** (35%) — IT solutions and services for retail and e-commerce
- **Digital Transformation** (25%) — Consulting and services for digitalization and IT architecture

- Software solutions for energy and utilities
- IT expert services for retail
- E-commerce software solutions
- Digital transformation consulting
- Scalable IT architecture solutions

## Customers

Solteq serves a diverse range of customers primarily in the energy, retail, and e-commerce sectors. Its clients include utility companies seeking to enhance operational efficiency through advanced software solutions. Retail businesses rely on Solteq for IT services that support digital transformation and improve customer engagement. E-commerce platforms benefit from Solteq's scalable solutions that facilitate seamless online transactions. The company's ability to deliver tailored, secure, and interoperable IT systems makes it a preferred partner for businesses navigating digitalization.

- **Utilities** (primary) — Buy software solutions for operational efficiency
- **Retail** (primary) — Purchase IT services for digital transformation
- **E-commerce** (secondary) — Use scalable solutions for online transactions

- Utility companies seeking operational efficiency
- Retail businesses undergoing digital transformation
- E-commerce platforms requiring scalable solutions
- Companies needing secure and interoperable IT systems

## Geography

Solteq operates in multiple countries, including Finland, Sweden, Norway, Denmark, Poland, and the UK. Its geographic presence allows it to serve a broad customer base across the Nordics and Europe. The company's offices in these regions enable it to respond quickly to local market needs and regulatory changes. Solteq's international operations are crucial for maintaining competitiveness and accessing diverse talent pools. The company's strategic locations support its growth ambitions in the European IT market.

- Operates in Finland, Sweden, Norway, Denmark, Poland, and the UK
- Serves a broad customer base across the Nordics and Europe
- Offices in key regions for local market responsiveness
- International operations enhance competitiveness and talent access

## Strategy

Solteq's strategic priorities include enhancing profitability and competitiveness through cost-saving initiatives and organizational restructuring. The company is focused on delivering scalable IT solutions that align with modern architecture standards. Solteq aims to strengthen its position in the Nordic IT market by addressing the digital transformation needs of its clients. The company is also exploring opportunities to expand its service offerings in response to regulatory changes and technological advancements in the energy and retail sectors.

- **Cost-saving initiatives** (short-term) — To enhance profitability
- **Scalable IT solutions** (medium-term) — To meet modern architecture standards
- **Market expansion** (long-term) — To address digital transformation needs

- Enhancing profitability through cost-saving initiatives
- Delivering scalable IT solutions with modern architecture
- Strengthening position in the Nordic IT market
- Expanding service offerings in response to regulatory changes

## Risks

Solteq faces several key risks, including economic uncertainty affecting customer demand for its services. The global political and economic environment, particularly trade policies, could negatively impact revenue and cost structures. The company is also exposed to cybersecurity threats, which could disrupt operations. Additionally, changes in regulatory requirements in the energy and retail sectors pose compliance risks. Solteq actively monitors these risks through regular board and management reviews.

- **Economic uncertainty** [high] — Affects customer demand for services
- **Cybersecurity threats** [critical] — Could disrupt operations
- **Regulatory changes** [high] — Pose compliance risks

- Economic uncertainty affecting customer demand
- Global trade policies impacting revenue and costs
- Cybersecurity threats disrupting operations
- Regulatory changes posing compliance risks

## Accounting

Solteq's financial reporting is aligned with IFRS standards, with revenue recognition following IFRS 15 guidelines. The company recognizes most service sales over time, impacting revenue comparability across quarters. Solteq's transition to SaaS-based solutions influences revenue timing and recognition. The company also faces challenges in estimating provisions and contingent liabilities, which can affect financial results. Investors should consider these factors when analyzing Solteq's financial statements.

- **Revenue recognition** — timing of revenue
- **SaaS transition** — financial results

- Revenue recognition follows IFRS 15 guidelines
- Service sales recognized over time
- Transition to SaaS affects revenue timing
- Challenges in estimating provisions and liabilities

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*Last updated: 2026-08-11T04:04:55.873881+00:00*