Evlin raportti.
Solteq‘s profitability continued to improve y/y, while comparable revenue declined. The actions to improve profitability are bearing fruit, while market conditions are further delaying growth
BUY with a target price of EUR 0.75.
Despite slight reductions in estimates, the ongoing profitability turnaround and an eventual rebound in overall IT spending (though timing uncertain) support our optimism at current valuation levels.