Solwers' CEO will change by next spring
Translation: Original published in Finnish on 03/17/2025 at 3:11 pm EET
The change is due to the retirement of the current CEO, so the change is not at all surprising.
The current CEO will reach retirement age next spring
Solwers announced on Monday that its current CEO, Stefan Nyström, has informed the Board of Directors that he will step down from his position by the spring of 2026 upon reaching retirement age. The company also announced that it will begin the recruitment process to appoint a new CEO. Nyström will continue in his role until a new CEO has been recruited and the duties have been smoothly transferred to his successor.
The news was not surprising
The news was not surprising at all. We believe that there may be experienced individuals with significant experience in the consulting field among the Group companies who would be willing to serve on the Group's management team. At the same time, considering the company’s growth strategy, we believe that the Board should emphasize expertise in capital allocation in the CEO change, which could make external candidates a relevant target group in the recruitment process. The Board of Directors has a year to find a replacement for the current CEO, which we feel creates good preconditions for a smooth transition process.
Solwers is a consulting company focused on the industrial sector. The company specializes in digital solutions that involve planning and project management services. Examples of the company's services include architecture, technical consulting, environmental monitoring, project management, circular economy and digital solutions. Customers are found in several industries, mainly among small and medium-sized business customers. Operations are found throughout the global market, with the largest presence in the Nordic region.
Read more on company pageKey Estimate Figures27/02
| 2024 | 25e | 26e | |
|---|---|---|---|
| Revenue | 78.3 | 81.0 | 83.8 |
| growth-% | 18.6 % | 3.4 % | 3.5 % |
| EBIT (adj.) | 2.7 | 3.3 | 3.9 |
| EBIT-% (adj.) | 3.5 % | 4.0 % | 4.6 % |
| EPS (adj.) | 0.11 | 0.17 | 0.22 |
| Dividend | 0.02 | 0.04 | 0.05 |
| Dividend % | 0.8 % | 2.0 % | 2.2 % |
| P/E (adj.) | 28.2 | 12.2 | 9.3 |
| EV/EBITDA | 8.9 | 6.3 | 5.5 |
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