Brief: Qt Group Q2 EBITA Down At EUR 10 Mln

Qt Oyj

04/08/2022 13:46

Aug 4 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * HALF-YEAR REPORT JANUARY-JUNE 2022
    * Q2 NET SALES INCREASED 9.3 PERCENT TO EUR 37,090 THOUSAND
(EUR
33,925 THOUSAND)
    * Q2 OPERATING PROFIT (EBITA) WAS EUR 9,971 THOUSAND (EUR
11,417
THOUSAND), OR 26.9 PERCENT (33.7%) OF NET SALES
    * WE ESTIMATE THAT OUR NET SALES WILL GROW SIGNIFICANTLY
MORE IN
SECOND HALF OF 2022 THAN IN FIRST HALF OF 2022.
    * DESPITE INCREASED UNCERTAINTY, THERE IS GOOD DEMAND FOR
OUR
SOLUTIONS.
    * DUE TO WEAKER THAN EXPECTED FIRST-HALF RESULTS, WE HAVE
LOWERED
OUR NET SALES OUTLOOK FOR FULL YEAR
    * COMPANY ESTIMATES GROWTH PROSPECTS FOR ITS BUSINESS IN
NEXT FEW
YEARS AS VERY PROMISING
    * ESTIMATES THAT ITS CHANCES OF SUCCESS IN EXECUTING GROWTH
STRATEGY THAT EXTENDS TO 2025 REMAIN GOOD
    * RECOVERY FROM PANDEMIC WILL BE UNEVEN BETWEEN DIFFERENT
INDUSTRIES AND GEOGRAPHICAL REGIONS, AND IT WILL LIKELY BE A
LONG PROCESS

Source text for Eikon:  ID:nWkrbqft86 
Further company coverage:  QTCOM.HE 

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