Brief: Qt Group Expects 2024 Revenue To Grow By 20-25%

Qt Oyj

31/10/2024 06:06

Oct 31 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * NEW GUIDANCE 2024: FULL-YEAR 2024 REVENUE WILL GROW BY
20-25
PERCENT AT COMPARABLE EXCHANGE RATES YEAR-ON-YEAR
    * PREVIOUS GUIDANCE: ESTIMATES THAT FULL-YEAR NET SALES FOR
2024
WILL INCREASE BY 20-30 PERCENT YEAR-ON-YEAR AT COMPARABLE
EXCHANGE RATES
    * OUR GUIDANCE FOR OPERATING PROFIT MARGIN (EBITA %) REMAINS
UNCHANGED
    * Q3 OF 2024 WAS WEAKER THAN EXPECTED FOR COMPANY
    * MODERATE GROWTH OF NET SALES WAS MAINLY DUE TO
WEAKER-THAN-ESTIMATED SALES OF DISTRIBUTION LICENSES, AS WELL AS
CHALLENGES IN AMERICAN BUSINESS
    * IN SPITE OF CHALLENGES IN Q3, OUR VIEW IS THAT WE ARE IN A
STABLE POSITION TO SIGNIFICANTLY INCREASE NET SALES GROWTH IN Q4

Source text:  ID:nWkr4ctBcR 
Further company coverage:  QTCOM.HE 

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