Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Lindahl was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 06
Solwers Oyj Proposes No Dividend for the Financial Year 2025 Solwers Oyj proposes to the Annual General Meeting, planned for April 17, that no dividend shall be distributed for the financial year 2025. Announcement • Dec 19
Solwers Oyj, Annual General Meeting, Apr 17, 2026 Solwers Oyj, Annual General Meeting, Apr 17, 2026. Announcement • Aug 01
Solwers plc Appoints Johan Ehrnrooth as CEO The Board of Directors of Solwers has on August 1, 2025, appointed Johan Ehrnrooth (M.Sc. Chemical Engineering) as the CEO of Solwers Plc. He will start in the role on June 3, 2026, at the latest. Ehrnrooth has since 2021 been Vice President Smart Factory business unit at Etteplan Finland Oy as well as the German Country Manager of Etteplan GmbH. Prior to this he worked at Afry Finland Oy as Head of Pulp & Paper Process Industries Division (2017-2021). He has held various leadership positions at Pöyry since 2001. The current CEO and co-founder of Solwers Plc, Stefan Nyström, has been in his role since 2019. He continues in the role of CEO until the tasks have been smoothly handed over to his successor. Announcement • May 30
Solwers Oyj Announces New Management in Subsidiaries Solwers Oyj announced new management has been appointed in four of the subsidiaries. Therese Odelius, previously Deputy Managing Director, started as Managing Director of Falk Construction Management AB in January. Merja Pesonen (architect, SAFA) started as a Managing Director of Lukkaorinen Architects in March. Ulf Karlsson, Co-Founder of Transport Consultancy Group AB, was appointed as Managing Director from April and Magnus Sundling will officially transfer to the role of Managing Director in September. Experienced and trusted leaders bring stability, but also a new dynamism to organisations. Announcement • Mar 19
Stefan Nyström to Step Down as CEO of Solwers plc by the Spring of 2026 Solwers Plc announced that it's 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 will begin the recruitment process to appoint a new CEO. Stefan Nyström is one of Solwers' co-founders and has served as the Company's CEO since 2019. He will continue in his role until a new CEO has been recruited and the duties have been smoothly transferred to his successor. Announcement • Dec 23
Solwers Oyj, Annual General Meeting, Apr 15, 2025 Solwers Oyj, Annual General Meeting, Apr 15, 2025. Announcement • Dec 04
Solwers Oyj Appoints Toni Santalahti as the Interim General Counsel and Secretary to the Board, Starting from December 12, 2024 Solwers Oyj announced Toni Santalahti (LL.M.) has been appointed as the interim General Counsel and Secretary to the Board of Solwers Plc, starting from December 12, 2024. He will be covering Olli Kuusi, who is on parental and study leave until the end of 2025. Santalahti will become a member of the group management team and reports to CEO Stefan Nyström. Since April 2024, Santalahti has been working as a partner at Prevestor Oy, specializing in M&As and development programs. He has nearly 15 years of experience in the role of General Counsel at Aspo Plc and holds board positions within several organizations. Announcement • Oct 28
Solwers Oyj Appoints Dag Nykvist as Chair of Nomination Committee Solwers Plc announced that in its organising meeting on October 28, 2024, the Shareholders' Nomination Committee of Solwers Plc elected Dag Nykvist as its Chair. The Shareholders' Nomination Committee of Solwers Plc consists of representatives of the three larger shareholders, registered on September 2, 2024, as well as a board representative: Leif Sebbas, Chair of the Board, nominated by FME Consulting OyDag Nykvist, Managing Director, nominated by CEB Invest OyErkka Kohonen, Senior Portfolio Manager, nominated by Varma Pension Insurance Company John Lindahl, Member of the Board, nominated by Solwers Plc. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (€37.6m market cap, or US$41.3m). Announcement • Sep 12
Solwers plc Announces Management Changes Solwers Plc's Management Team Member, General Counsel and Board Secretary, Olli Kuusi, will be on parental leave starting from September 30, 2024, and continue his absence with a study leave until the end of 2025. The company will not hire a substitute for Kuusi but will utilize both external and internal existing resources during his absence. The company's Legal Counsel Sofia Korvenmäki will serve as the interim Board Secretary. Reported Earnings • Sep 03
First half 2024 earnings released: EPS: €0.075 (vs €0.15 in 1H 2023) First half 2024 results: EPS: €0.075 (down from €0.15 in 1H 2023). Revenue: €39.9m (up 20% from 1H 2023). Net income: €745.0k (down 49% from 1H 2023). Profit margin: 1.9% (down from 4.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €3.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Professional Services industry in Europe. Total loss to shareholders of 10% over the past year. Announcement • Jul 05
Solwers Oyj (HLSE:SOLWERS) acquired Siren Arkkitehdit Oy from unknown sellers for €0.40 million. Solwers Oyj (HLSE:SOLWERS) acquired Siren Arkkitehdit Oy from unknown sellers for €0.40 million on July 4, 2024. The consideration consists of 0.1 million common equity of Solwers Oyj with a subscription price of €3.86 per share to be issued for common equity of Siren Arkkitehdit Oy to the sellers.
Solwers Oyj (HLSE:SOLWERS) completed the acquisition of Siren Arkkitehdit Oy from unknown sellers on July 4, 2024. Upcoming Dividend • Apr 19
Upcoming dividend of €0.064 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.4%). Announcement • Mar 29
Mari Pantsar Will No Longer Available for the Member of the Board of Directors of Solwers plc Solwers Plc proposed to the Annual General Meeting to be held on 25 April 2024, Mari Pantsar, who has served as member of the Board of Directors from the year 2019, has announced that she no longer is available for the position. Reported Earnings • Mar 11
Full year 2023 earnings released: EPS: €0.32 (vs €0.38 in FY 2022) Full year 2023 results: EPS: €0.32 (down from €0.38 in FY 2022). Revenue: €67.1m (up 6.8% from FY 2022). Net income: €3.16m (down 7.1% from FY 2022). Profit margin: 4.7% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (€47.0m market cap, or US$51.1m). Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €4.42, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Professional Services industry in Europe. Total returns to shareholders of 2.4% over the past year. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.74, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 17% over the past year. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.98, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Professional Services industry in Europe. Total loss to shareholders of 38% over the past year. New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (€33.3m market cap, or US$35.4m). Reported Earnings • Sep 25
First half 2023 earnings released: EPS: €0.15 (vs €0.21 in 1H 2022) First half 2023 results: EPS: €0.15 (down from €0.21 in 1H 2022). Revenue: €33.2m (up 1.9% from 1H 2022). Net income: €1.45m (down 20% from 1H 2022). Profit margin: 4.4% (down from 5.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Professional Services industry in Europe. Announcement • Aug 08
Solwers plc Appoints Jasmine Jussila as New Head of Communications Solwers Plc announced that Jasmine Jussila appointed to new Head of Communications. Jasmine Jussila (M.Sc.) has been appointed Head of Communications for the Solwers Group as of 7.9.2023. In her position, she will be responsible for the Group Communications, brand and their development and will report to Stefan Nyström, CEO. In the position, she will succeed Taina Erkkilä, who has moved to new challenges outside the company. Jasmine has previously been responsible for Lumene Group's corporate communications and global PR. She has worked as a communications entrepreneur for years and managed the Finnish operations of the content marketing agency Calcus Kustannus. Announcement • May 22
Solwers Plc Announces Resignation of Taina Erkkilä as Group Head of Communication Solwers Oyj announced Taina Erkkilä, Group Head of Communication has resigned from her position to start working for another employer. She will continue in her position until 31 of July 2023. Succession arrangements for Erkkilä's position have been initiated. Upcoming Dividend • Apr 17
Upcoming dividend of €0.073 per share at 1.5% yield Eligible shareholders must have bought the stock before 24 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Announcement • Dec 17
Solwers Oyj has completed a Follow-on Equity Offering in the amount of €4.488 million. Solwers Oyj has completed a Follow-on Equity Offering in the amount of €4.488 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,020,000
Price\Range: €4.4
Transaction Features: Subsequent Direct Listing Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Hanna-Maria Heikkinen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
Solwers Oyj Provides Earnings Guidance for the Year of 2022 Solwers Oyj provided earnings guidance for the year of 2022. For the year, the company expected Revenue growth over 20%. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Hanna-Maria Heikkinen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Solwers Oyj Approves Dividend for Financial Year 2021, Payable on 2 May 2022 Solwers Oyj announced The Annual General Meeting decided that a dividend of EUR 0.04 per share be distributed for the financial year 2021. The dividend will be paid to a shareholder on 2 May 2022 who, on the dividend record date 25 April 2022, is registered in the Company's shareholder register maintained by Euroclear Finland Ltd. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: €0.20 (vs €7.98 in FY 2020) Full year 2021 results: EPS: €0.20 (down from €7.98 in FY 2020). Revenue: €45.1m (up 38% from FY 2020). Net income: €1.44m (down 17% from FY 2020). Profit margin: 3.2% (down from 5.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 33%, compared to a 9.4% growth forecast for the industry in Germany. Announcement • Dec 22
Solwers Oyj (HLSE:SOLWERS) acquired Ele Engineering Ab from Exectric Ab. Solwers Oyj (HLSE:SOLWERS) acquired Ele Engineering Ab from Exectric Ab on December 20, 2021.
Solwers Oyj (HLSE:SOLWERS) completed the acquisition of Ele Engineering Ab from Exectric Ab on December 20, 2021. 
