Solteq Plc Has Concluded a Framework Agreement on the Supply of Musti ja Mirri Group Ltd’s Retail Business Solution to Finland, Sweden and Norway

HELSINKI--()--Regulatory News:

Solteq (HEX:STQ1V) has taken a step forward on its growth path of international digital commerce. Strategic partnership with Musti ja Mirri Group Ltd is about to begin.

Solteq Plc has published a bulletin on May 25th, 2016, about its growth strategy that focuses on digital commerce and improvement of the customer experience. Remarkable part of the growth is planned to make in international markets. Solteq Plc. has today concluded a framework agreement on the delivery of Musti ja Mirri Group Ltd’s retail business solution to Finland, Sweden and Norway.

Solteq Plc. and Musti ja Mirri Group Ltd have concluded a framework agreement on the delivery of the Musti ja Mirri Group’s retail business solution to Finland, Sweden and Norway. Solteq’s expert services are based on the LS NAV –software that is specialized in retail operations, as well as on the industry expertise of Solteq personnel. Musti ja Mirri Group is the biggest pet supplies store in the Nordics having more than 230 stores in Sweden and Finland. The Group is about to open its first stores in Norway next autumn. The parties do not share the value of the deal in details, but it is considered remarkable to both companies.

Solteq’s CEO Repe Harmanen describes how working together has started: “Musti ja Mirri is an agile and fast-moving company that grows with high ambition. They selected Solteq to their strategic partner because we share similar mind-set – we are also fast and growth intensive. During the negotiations we were able to give a little tasting of our expertise, and I strongly believe that our core skills of commerce with our flexibility made the difference. “

Solteq makes no changes to its profit guidance for 2016. Solteq Group’s revenue is expected to grow significantly compared to financial year 2015. The operating result and the operating result before non-recurring items are expected to grow compared to financial year 2015 as well.

DISTRIBUTION NASDAQ OMX Helsinki. Key Media 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. Our net sales amounted to 54 million euros in 2015.

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Contacts

Solteq
Repe Harmanen, CEO
Tel. +358 400 467 717
e-mail repe.harmanen@solteq.com
or
Tiina Honkiniemi, VP, Client Technologies
tel +358 40 844 4228
e-mail tiina.honkiniemi@solteq.com

Contacts

Solteq
Repe Harmanen, CEO
Tel. +358 400 467 717
e-mail repe.harmanen@solteq.com
or
Tiina Honkiniemi, VP, Client Technologies
tel +358 40 844 4228
e-mail tiina.honkiniemi@solteq.com