Solwers

2.08 EUR

+1.96 %

1,510 following

SOLWERS

First North Finland

Industrial Goods & Services

Industrials

+1.96 %
-4.15 %
-8.77 %
-7.56 %
-2.80 %
-7.14 %
-52.73 %
-
-75.09 %

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
21.15M EUR
Turnover
5K EUR
P/E (adj.) (26e)
95.8
EV/EBIT (adj.) (26e)
22.31
P/B (26e)
0.53
EV/S (26e)
0.6
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-%

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

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
Third party research

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

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Solwers Q1'26 förhandskommentar: Vinstmotorn söker fortfarande varvtal
Analyst Comment 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 research

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
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
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