Brief: Qt Group Q1 Operating Loss Turns To Profit EUR 2,174

Qt Oyj

23/04/2020 06:07

April 23 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * Q1 NET SALES INCREASED BY 43.7 PERCENT TO EUR 18,356
THOUSAND
(12,771)
    * Q1 OPERATING RESULT WAS EUR 2,174 THOUSAND (-519)
    * GROUP'S FINANCIAL POSITION IS GOOD
    * DEVELOPMENT OF SITUATION AND BUSINESS FORECASTS FOR ALL OF
GROUP'S OPERATIONS ARE BEING CLOSELY MONITORED
    * COMPANY ESTIMATES GROWTH PROSPECTS FOR ITS BUSINESS IN
NEXT FEW
YEARS AS VERY PROMISING
    * COMPANY KEEPS ITS OUTLOOK UNCHANGED
    * ESTIMATES THAT NET SALES IN 2020 WILL INCREASE BY MORE
THAN 20
PERCENT YEAR-ON-YEAR AT COMPARABLE EXCHANGE RATES AND THAT
OPERATING RESULT WILL BE POSITIVE IN 2020

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

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