Brief: Qt Group Q3 Operating Result Swings To Profit EUR 72,000

Qt Oyj

01/11/2019 13:05

Nov 1 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * INTERIM STATEMENT  1 JANUARY - 30 SEPTEMBER 2019
    * Q3 OPERATING MARGIN (EBIT -%) WAS 0.5 PER CENT (-9.7%)
    * Q3 NET SALES EUR 14,7 MILLION VERSUS EUR 10.7 MILLION YEAR
AGO
    * Q3 OPERATING RESULT WAS EUR 72 THOUSAND (-1,045)
    * DEMAND FOR CONSULTING SERVICES HAS ALSO IMPROVED DUE TO A
GROWING NEED FOR QT EXPERTS IN LICENSING CUSTOMERS' PROJECTS
    * OPERATING RESULT IS EXPECTED STILL IN 2019 TO SHOW A LOSS
DUE TO
GROWTH INVESTMENTS
    * COMPANY ESTIMATES GROWTH PROSPECTS FOR ITS BUSINESS IN
NEXT FEW
YEARS AS VERY PROMISING
    * WE EXPECT STRONG GROWTH OF NET SALES TO CONTINUE IN FINAL
QUARTER OF YEAR
    * AT COMPARABLE CURRENCIES, NET SALES IN 2019 ARE ESTIMATED
TO
INCREASE BY OVER 15 PER CENT YEAR-ON-YEAR
    * COMPANY'S OPERATING RESULT IS EXPECTED STILL IN 2019 TO
SHOW A
LOSS DUE TO GROWTH INVESTMENTS
    * COMPANY ESTIMATES THAT GROWTH OF VOLUME-BASED DISTRIBUTION
LICENSE REVENUE FROM SALES OF EMBEDDED SYSTEMS WILL ACCELERATE
TO A MORE SIGNIFICANT DEGREE STARTING FROM 2020

Source text for Eikon:  ID:nWkrbD8xzK 
Further company coverage:  QTCOM.HE 

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