Copyright © Inderes 2011 - present. All rights reserved.

Solwers

2.07 EUR

+0.98 %

1,471 following

SOLWERS

First North Finland

Industrial Goods & Services

Industrials

+0.98 %
-3.72 %
-9.21 %
-11.16 %
-35.71 %
-32.79 %
-54.80 %
-
-75.21 %

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
21.05M EUR
Turnover
4.89K EUR
P/E (adj.) (25e)
-51.91
EV/EBIT (adj.) (25e)
46.76
P/B (25e)
0.53
EV/S (25e)
0.55
Dividend yield-% (25e)
-
Coverage
Recommendation
Accumulate
Target price
2.50 EUR
Updated
2025-11-21
Disclaimer
Olli Vilppo
Olli Vilppo

Analyst

Latest research

Latest analysis report

Released: 2025-11-24

Latest extensive report

Released: 2024-05-14

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
5/3
2026

Annual report '25

17/4
2026

General meeting '26

21/5
2026

Business review Q1'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types

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
Third party research

Solwers: Stabilising operations in Q3 2025 - Nordea

Solwers' Q3 sales were in line with our expectation, while EBITA was 8% ahead of our estimate, a clear improvement from the weak Q1 and Q2 plagued by one-offs. The company realised EUR 0.3m of cost savings in the quarter under its cost efficiency programme...

Solwers
Third party research

Solwers: A solid Q3 with cost management successful - Nordea

Solwers reported its results for Q3 with sales of EUR 17.6m, 1% above our estimate of EUR 17.5m. The reported EBITA (Solwers definition) was EUR 1.2m, slightly above our EUR 1.1m estimate and flat from EUR 1.2m a year ago. EBIT of EUR 0.3m came in below...

Solwers
Third party research

Solwers: One-offs plagued H1 earnings - Nordea

Solwers' Q2 sales were largely in line with our expectations, but profitability was clearly below, similar to Q1. One-off costs hampered performance in H1, a total of EUR ~1m year-to-date. Q2 EBITA of EUR 0.9m was 50% below our estimate and EBIT was ...

Solwers
Solwers H1'25: Awaiting concrete signs of earnings turnaround
Research by
Sauli Vilén

Solwers H1'25: Awaiting concrete signs of earnings turnaround

We revise our target price for Solwers to EUR 2.5 (was EUR 2.65) reflecting negative forecast changes. The H1 report was underwhelming, and profitability remained weak. A market recovery is still some time away, and, although the building blocks for recovery are clearly in place, uncertainty about improving earnings has increased. Breaches of covenants also raise the short-term risk profile, and overall, the risk/reward ratio leans negative in our view. We are lowering our recommendation to Reduce (previously Accumulate) and will wait for concrete signs of a recovery in earnings levels.

Solwers
Forum discussions
Our views on companies are for one year ahead, and currently, Solwers is a “buy” and Sitowise is a “sell”. I also remind you that we are not allowed to give personal investment advice, so asking which one to add to your portfolio is a bit problematic from that perspective. More detailed...
11/24/2025, 12:52 PM
by Olli Vilppo
9
There’s the first step into Poland Get the foundation in order first through financial management and accounting First acquisition in Poland for Solwers Solwers Plc, Press Release, December 18, 2025 at 19:15 Solwers Plc’s subsidiary Solwers Poland Sp. z o.o. has today signed an agreement...
12 hours ago
by kettunen
4
Financial costs are indeed below the EBIT-% that I refer to here as the profitability level, so they are not the reason. The idea has been that in better years, competition has not been as fierce, which has allowed for a good margin through pricing. Apparently, previously the phone...
11/24/2025, 6:20 AM
by Olli Vilppo
4
Hi! According to our forecasts, the company would meet its covenants by H1’26, and then the interest rate would also decrease, and the net debt amount should also decrease somewhat as I cut the dividend. For the next update, I still need to consider whether that estimate is realistic...
11/22/2025, 11:49 AM
by Olli Vilppo
4
Olli has made a new company report on Solwers regarding Q3. Solwers’ Q3 performed better than our expectations as earnings development stabilized and was the first step towards the company regaining critical earnings growth. The big picture of our forecasts remains unchanged, but...
11/21/2025, 8:07 PM
by Sijoittaja-alokas
4
According to Nordea, Solwers’ result was largely in line with expectations. According to them, the market is still competitive, but tender requests are increasing, and activity is expected to pick up at least towards the end of next year. A new major road project further strengthens...
11/22/2025, 9:48 AM
by Sijoittaja-alokas
3
It indeed looks like a defensive victory. As the market picks up, there is potential for good development here. However, there were also more negative comments mixed in: “The order backlog and billing rate have been mostly higher than the previous year’s level since the beginning...
11/21/2025, 7:37 AM
by Karhu Hylje
3
Read more on our forum
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.