Solteq: Profitability improvement, weaker sales - Evli

Solteq had lowered its guidance ahead of the earnings report and the net sales decline of 6.5% y/y in Q3, mainly attributable to a slow recovery in customer demand, came as no surprise, albeit the magnitude was somewhat of a disappointment compared with H1 figures. Comparable EBIT improved to EUR 0.6m (Q3’23: EUR -0.8m) as cost savings measures started to take effect.

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