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Solwers

1.77 EUR

-9.00 %

1,513 following

SOLWERS

First North Finland

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-9.00 %
-14.49 %
-14.49 %
-21.33 %
-13.66 %
-25.94 %
-59.95 %
-
-78.80 %

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.

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Market cap
18M EUR
Turnover
12.39K EUR
P/E (adj.) (26e)
-43.88
EV/EBIT (adj.) (26e)
32.43
P/B (26e)
0.46
EV/S (26e)
0.57
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.80 EUR
Updated
2026-06-18
Disclaimer
Olli Vilppo
Olli Vilppo

Analyst

Latest research

Latest analysis report

Released: 2026-06-18

Latest extensive report

Released: 2026-02-03

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Business risk
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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
I’ve just updated our view. The situation really doesn’t look very good right now, and hopefully, in August, we will get clearer guidelines from the company on how the problems of the companies serving the industry in Sweden will be fixed Solwers: Kovenanttisolmu kiristyy tuloskehityksen...
yesterday
by Olli Vilppo
4
I don’t follow this one personally, but it sounds a bit bad: Sisäpiiritieto: Tulosvaroitus; Solwers peruuttaa näkymänsä vuodelle 2026 eikä täytä nykyistä kovenanttiehtoaan | Kauppalehti Solwers Plc estimates that its performance during the first half of 2026 has developed weaker ...
6/17/2026, 2:14 PM
by NukkeNukuttaja
4
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 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 are Olli’s comments regarding Solwers’ subsidiary, Finnmap Infra, being selected to design the general plan for the Itärata (East Railway) between Porvoo and Koria together with Sweco Inderes – 17 Jun 26 Solwersin tytäryhtiö valittiin suunnittelemaan Itärataa - Inderes Solwers...
6/17/2026, 7:57 AM
by Sijoittaja-alokas
1
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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

Solwers: Covenant knot tightens as earnings development falters
Researchyesterday by
Olli Vilppo

Solwers: Covenant knot tightens as earnings development falters

Solwers withdrew its guidance yesterday, suggesting that a critical earnings improvement may not materialize this year. We lowered our estimates.

Solwers
Third party researchyesterday

Solwers: Profit warning - withdraws 2026 outlook and will not meet current covenant conditions - Nordea

Solwers estimates that its performance in H1 2026 has developed weaker than expected and withdraws its outlook of 2026 EBITA improving from 2025. The uncertainty is due to, in particular, weaker performance by the group companies serving the industrial...

Solwers
Regulatory press release6/17/2026, 2:10 PM

Inside Information: Profit Warning; Solwers withdraws its 2026 outlook and will not meet the current covenant condition

Solwers

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Solwers' subsidiary selected to design the East Railway
Analyst Comment6/17/2026, 6:44 AM by
Olli Vilppo

Solwers' subsidiary selected to design the East Railway

Solwers announced on Tuesday that its subsidiary, Finnmap Infra, had been selected alongside Sweco to draw up the general plan for the East Railway section between Porvoo and Koria.

Solwers
Press release6/16/2026, 11:15 AM

Solwers Oyj: Solwers company Finnmap Infra to design the East Railway between Porvoo and Koria

Solwers
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
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