Solutiance Q3 Swings to Pretax Profit of EUR 210,000; Q3 Revenue Rises 62% to EUR 2.1 Million

• Solutiance swung to third-quarter pretax profit of EUR 210,000, while revenue jumped 62% year over year to EUR 2.1 million.
• Nine-month pretax loss widened 23% year over year to EUR 320,000, while revenue rose 10% to EUR 4.6 million.
• Order intake held steady year over year at EUR 5.5 million over nine months, with 29 new customers gained.
• Factoring ended November 1; management expects annual savings of EUR 75,000–100,000 from replacing it with a credit line of EUR 600,000.

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