Brief: Qt Group Q1 EBITA Up At EUR 5.9 Mln

Qt Oyj

28/04/2022 14:51

April 28 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * INTERIM STATEMENT FOR JANUARY 1 - MARCH 31, 2022
    * Q1 NET SALES INCREASED 35.1 PERCENT TO EUR 31,572 THOUSAND
(EUR
23,362 THOUSAND)
    * Q1 EBITA EUR 5,586 THOUSAND (EUR 4,915 THOUSAND)
    * Q1 EBIT WAS EUR 4,667 THOUSAND (EUR 4,812 THOUSAND)
    * COMPANY ESTIMATES GROWTH PROSPECTS FOR ITS BUSINESS IN
NEXT FEW
YEARS AS VERY PROMISING
    * GROUP'S BUSINESS DEVELOPMENT EFFORTS WILL FOCUS ON DESKTOP
APPLICATIONS AS WELL AS EMBEDDED SYSTEMS IN AUTOMOTIVE INDUSTRY,
CONSUMER ELECTRONICS, MEDICAL DEVICES, AND INDUSTRIAL AUTOMATION
SECTORS
    * WE MAINTAIN OUR GUIDANCE AND ESTIMATE THAT OUR FULL-YEAR
NET
SALES FOR 2022 WILL INCREASE BY 30-40% YOY AT COMPARABLE
EXCHANGE RATES AND OUR OPERATING PROFIT MARGIN WILL BE 20-30%

Source text for Eikon:  ID:nWkr6SrjvG 
Further company coverage:  QTCOM.HE 

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