• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Morning ReviewDaily market recap and key overnight highlights
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • PortfolioInderes model portfolio
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Q&A
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Solwers

2.03 EUR

+2.78 %

1,507 following

SOLWERS

First North Finland

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+2.78 %
-4.25 %
+4.10 %
-9.78 %
-0.49 %
-15.42 %
-53.86 %
-
-75.69 %

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
Market cap
20.65M EUR
Turnover
4.19K EUR
P/E (adj.) (26e)
93.5
EV/EBIT (adj.) (26e)
22.08
P/B (26e)
0.52
EV/S (26e)
0.59
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
2.00 EUR
Updated
2026-05-21
Disclaimer
Olli Vilppo
Olli Vilppo

Analyst

Latest research

Latest analysis report

Released: 2026-05-22

Latest extensive report

Released: 2026-02-03

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types

Forum discussions
Here is the interview with the new CEO Johan: Solwers Q4'25: Positiivisia merkkejä - Inderes As an addition to the morning comment, I estimated there that net debt/EBITDA remained at around the 5x level, but when including the acquired companies as if they had been owned for the ...
3/5/2026, 12:44 PM
by Olli Vilppo
6
Solwers’ updated analysis. Solwers H2'25: Tuloskasvunäkymä siirtyy jälleen eteenpäin - Inderes It hasn’t entered an earnings growth path just yet (either), so we’ll wait for clearer signs of the critical earnings growth acceleration. By all logic, the capital invested in the company...
3/6/2026, 6:42 AM
by Olli Vilppo
4
Here are Nordea’s latest thoughts on Solwers. Ahead of Solwers’ Q1 2026 report, we make minor estimates revisions for 2026-28. Solwers will start reporting EBITA numbers from Q1 2026 also on an adjusted level to include items affecting comparability, and the company has also changed...
5/16/2026, 2:47 PM
by Sijoittaja-alokas
3
Here are the initial impressions; I still need to read through the report carefully and interview Johan. If you have any good questions, feel free to share them! Inderes Solwers H2'25 -pikakommentti: Odottamaamme tuloskäännettä ei vielä saatu... Solwers julkaisi aamulla H2’25 raporttinsa...
3/5/2026, 7:45 AM
by Olli Vilppo
3
Here are Olli’s comments as Solwers updates its EBITA calculation method to align with standard market practices and adds new key figures to its reporting, such as ROCE. Inderes – 13 May 26 Solwers päivittää mittatikkunsa läpinäkyvimmiksi - Inderes Pidämme raportoinnin läpinäkyvyytt...
5/13/2026, 4:47 AM
by Sijoittaja-alokas
2
Here is the company report on Solwers from Olli following the Q1 release Solwers’ Q1 performed below our expectations, and the key profit lines—crucial for reducing leverage—also fell slightly below a soft comparison period. We have lowered the slope of our projected earnings growth...
5/22/2026, 4:52 AM
by Sijoittaja-alokas
1
Here are Vilppo’s comments on Solwers’ Q1 results Solwers released its Q1 business review this morning. The company’s revenue grew moderately, in line with our expectations. However, the profit lines fell slightly short of our expectations and the weak level of the comparison period...
5/21/2026, 9:01 AM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
25/8
2026

Interim report Q2'26

12/11
2026

Business review Q3'26

Analyst Comment5/28/2026, 5:36 AM by
Roni Peuranheimo, Frans-Mikael Rostedt

Case: Personalmarginalerna för konsultföretag har fortsatt att försvagas

Marginalen för personalkostnader hos konsultföretag har sjunkit stadigt under de senaste fem åren.

Aallon GroupAdministerDigiaDigital WorkforceEtteplanFondiaGoforeLoihdeNetum GroupSiili SolutionsSitowise GroupSolteqSolwersTalenomVincitWitted Megacorp
Regulatory press release5/22/2026, 7:30 AM

Solwers Oyj: Solwers' Plc Establishes Two New Share-Based Incentive Plans for Key Employees

Solwers
Third party research5/22/2026, 5:19 AM

Solwers: Weak Q1 and covenant waiver concerns - Nordea

Solwers' Q1 results remained weak, with profitability still at an unsatisfactory level. Net sales of EUR 21.0m came in 4% below our estimate, while adjusted EBITA of EUR 0.3m was 51% below our estimate. The company also highlighted that in March, net...

Solwers

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Solwers Q1'26: Still waiting for the turnaround to turn up
Research5/22/2026, 7:05 AM by
Olli Vilppo

Solwers Q1'26: Still waiting for the turnaround to turn up

Solwers' Q1 was weaker than our expectations, and the income lines, which are important for deleveraging, remained slightly below even the weak comparison period.

Solwers
Third party research5/21/2026, 7:16 AM

Solwers: Q1 remained weak and covenant waiver might need to be extended - Nordea

Solwers reported its results for Q1 with sales of EUR 21.0m, 4% below our estimate of EUR 21.8m (no consensus available). Adjusted EBITA of EUR 0.3m came in 51% below our estimate of EUR 0.5m and down from EUR 0.4m a year ago. The company notes that ...

Solwers
Solwers Q1'26 flash comment: Weak earnings and covenant risk cast shadwos on outlook
Analyst Comment5/21/2026, 6:33 AM by
Olli Vilppo

Solwers Q1'26 flash comment: Weak earnings and covenant risk cast shadwos on outlook

Revenue grew moderately, which was in line with our expectations. However, the earnings lines were slightly below our expectations.

Solwers
Regulatory press release5/21/2026, 5:30 AM

Business Review Jan 1 - Mar 31, 2026

Solwers
Solwers Q1'26 förhandskommentar: Vinstmotorn söker fortfarande varvtal
Analyst Comment5/18/2026, 5:27 AM by
Olli Vilppo

Solwers Q1'26 förhandskommentar: Vinstmotorn söker fortfarande varvtal

Solwers publicerar sin Q1-rapport torsdagen den 21 maj. Rapporten kommer för första gången att presentera siffror enligt de nya rapporteringsmåtten, och vi har beaktat de tekniska ändringarna i våra estimat. Vi förväntar oss att företagets omsättning har vänt till måttlig tillväxt, men att det justerade resultatet, exklusive engångsposter, har legat kvar på samma svaga nivå som jämförelseperioden.

Solwers
Third party research5/15/2026, 11:27 AM

Solwers: Adjusted EBITA set to improve in 2026 - Nordea

Ahead of Solwers' Q1 2026 report, we make minor estimates revisions for 2026-28. Solwers will start reporting EBITA numbers from Q1 2026 also on an adjusted level to include items affecting comparability, and the company has also changed the EBITA definition...

Solwers
Solwers updates its performance metrics for greater transparency
Analyst Comment5/13/2026, 6:21 AM by
Olli Vilppo

Solwers updates its performance metrics for greater transparency

We consider changes that improve reporting transparency and comparability to be very welcome.

Solwers
Third party research5/12/2026, 6:57 AM

Solwers: Updates EBITA calculation method, mid-term targets unchanged - Nordea

Solwers is updating its EBITA calculation method to align with market practice and makes a corresponding adjustment to its mid-term EBITA margin target, while the target level of profitability remains unchanged. Solwers has previously excluded depreciation...

Solwers
Regulatory press release5/12/2026, 6:00 AM

Solwers Oyj: Solwers updates its EBITA calculation method and supplements its reporting with new alternative performance measures

Solwers
Regulatory press release4/17/2026, 10:30 AM

Solwers Oyj: Updated Disclosure Policy Introduces Shortened Silent Period at Solwers

Solwers
Regulatory press release4/17/2026, 10:00 AM

Solwers Oyj: Resolutions of Solwers Plc's Annual General Meeting and the Organisational Meeting of the Board of Directors 17 April 2026

Solwers
Regulatory press release4/15/2026, 9:00 AM

Solwers Oyj - Managers' Transactions

Solwers
Regulatory press release3/24/2026, 10:00 AM

Solwers Oyj: Correction: Notice convening the Annual General Meeting of Solwers Plc

Solwers
Regulatory press release3/23/2026, 2:15 PM

Solwers Oyj: Notice convening the Annual General Meeting of Solwers Plc

Solwers
Regulatory press release3/23/2026, 1:30 PM

Solwers Oyj: Solwers Plc's Financial Reports and Remuneration Report for the Year 2025 Published

Solwers
Regulatory press release3/18/2026, 12:45 PM

Solwers Oyj: Proposals of Solwers Plc's Shareholders' Nomination Committee for the Annual General Meeting 2026

Solwers
Solwers H'25: Earnings growth outlook once again pushed forward
Research3/6/2026, 7:45 AM by
Olli Vilppo

Solwers H'25: Earnings growth outlook once again pushed forward

Solwers' Q4 was weaker than our expectations, and the earnings growth we had forecast did not materialize, with EBITA remaining at the subdued level of the comparison period

Solwers