SOLTEQ PLC TO INITIATE AN EFFICIENCY PROGRAMME CONCERNING COMMERCE BACK-END SYSTEM SOLUTIONS

Solteq Plc Stock Exchange Bulletin 23.6.2016 at 8:00am

On 25.5.2016 Solteq Plc revealed its new growth strategy. One of the strategic
targets was to increase profitability by implementing operational improvements.

We want to ensure that our commerce solutions continue to be the best and most
cost-efficient alternatives for our customers. In accordance with our strategy,
we wish to improve our profitability and have therefore initiated an efficiency
programme for commerce back-end system solutions.

The efficiency programme for commerce back-end system solutions is driven by
decline in demand for older technologies and a decline in order back-log of
commerce back-end system solutions. One of the efficiency programme procedures
we have undertaken is the initiation of codetermination negotiations in the SAP,
NAV, AX and Tekso business. Should the negotiations result in any impact on
personnel, the impact will result in layoffs affecting a maximum of 25 persons.

Solteq's VP, Client Technologies, Tiina Honkiniemi says: "The disruption of
commerce can also be seen in our business operations. On one hand we are taking
commerce towards a more modern and digital era, and we are reaping good results
around the core of digital commerce. On the other hand, we have to critically
review our own solutions portfolio and make sure that it remains attractive and
competitive in tomorrow's world. And carry out even unpleasant measures, if
necessary."

Solteq Plc will keep its guidance unchanged and expects its revenue to grow
significantly compared to financial year 2015. The operating result and
operating result before non-recurring items are expected to grow compared to
financial year 2015 as well.

Further information is available from

Repe Harmanen, CEO
tel. +358 400 467 717
e-mail repe.harmanen@solteq.com

Tiina Honkiniemi, VP, Client Technologies
tel +358 40 844 4228
e-mail tiina.honkiniemi@solteq.com

DISTRIBUTION
NASDAQ OMX Helsinki
Key media channels
www.solteq.com

Solteq in Brief

Solteq is a digital commerce expert that provides you with integrated total
solutions for multichannel commerce: from back office processes all the way to
the purchasing experience of the customer – from supply chain management to
digital marketing. Our passion is to deliver the unexpected to our clients – in
the fast changing world, you need a partner that can deliver today what you will
need tomorrow. We employ about 500 experts in three countries and make
deliveries to Europe, North America, Asia and Australia. In 2015, our annual net
sales amounted to 54 million euro.