Brief: Qt Group oyj updates long-term goals, plans rights issue

Qt Oyj

16/02/2017 06:03

Feb 16 (Reuters) - Qt Group Oyj  QTCOM.HE : 
    * Plans to achieve in 2021 an annual turnover of 100 million 
euros ($106 million) with more than 15 percent operating profit 
margin (EBIT%) 
    * Updated strategy is based on strong investment in growth, 
focusing mainly on increasing Qt's market share among major 
device vendors 
    * Due to investments made into company's growth, operating 
profit is estimated to be negative between 2017 and 2018 
    * In 2019, a positive commercial result is expected, 
operating profit of more than 15 percent of sales to be realized 
in 2021 
    * Board of directors will be seeking authorization to 
organize a rights issue for approximately 15 million euros 
    * To refrain from distribution of dividends until further 
notice 
 
Source text for Eikon:  ID:nWkr85h3X4  
     
Further company coverage:  QTCOM.HE  
 
($1 = 0.9418 euros) 
 
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