Brief: Qt Group Q2 Operating Profit Rises To EUR 10.6 Mln

Qt Oyj

06/08/2021 06:07

Aug 6 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * Q2 NET SALES EUR 33.9 MILLION VERSUS EUR 18.1 MILLION YEAR
AGO
    * Q2 OPERATING PROFIT EUR 10.6  MILLION VERSUS  EUR 3.6
MILLION
YEAR AGO
    * COMPANY ESTIMATES GROWTH PROSPECTS FOR ITS BUSINESS IN
NEXT FEW
YEARS AS VERY PROMISING
    * IT IS TYPICAL OF QT AS A COMPANY THAT QUARTERLY NET SALES
AND
GROWTH MAY VARY SIGNIFICANTLY BETWEEN QUARTERS
    * IN ADDITION TO ORGANIC GROWTH, COMPANY ALSO PURSUES GROWTH
OPPORTUNITIES THROUGH ACQUISITIONS THAT SUPPORT ITS STRATEGY.
    * COVID-19 PANDEMIC CONTINUES TO CAUSE INCREASED UNCERTAINTY
FOR
COMPANY'S SHORT-TERM OUTLOOK
    * AFTER RE-ASSESSING OUTLOOK FOR REST OF YEAR, WE RAISE OUR
NET
SALES OUTLOOK AGAIN AND ESTIMATE THAT FULL-YEAR NET SALES FOR
2021 WILL INCREASE BY 40-50 PERCENT YEAR-ON-YEAR AT COMPARABLE
EXCHANGE RATES AND OUR OPERATING PROFIT MARGIN WILL BE AT LEAST
15 PERCENT.

Source text for Eikon:  ID:nWkr3WjbzJ 
Further company coverage:  QTCOM.HE 

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