Brief: Qt Group Q4 Net Sales Increased 38.9% YoY

Qt Oyj

16/02/2023 06:57

Feb 16 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * WE ESTIMATE THAT OUR FULL-YEAR NET SALES FOR 2023 WILL
INCREASE
BY 20-30 PERCENT YEAR-ON-YEAR AT COMPARABLE EXCHANGE RATES
    * WE ESTIMATE OUR OPERATING PROFIT MARGIN (EBITA-%) WILL BE
20-30
PERCENT IN 2023
    * Q4 NET SALES INCREASED 38.9 PERCENT TO EUR 51,349 THOUSAND
(EUR
36,960 THOUSAND)
    * Q4 OPERATING PROFIT (EBITA) WAS EUR 18,811 THOUSAND (EUR
9,022
THOUSAND) OR 36.6 PERCENT (24.4 %) OF NET SALES
    * OUTLOOK 2023: WE ESTIMATE THAT OUR FULL-YEAR NET SALES FOR
2023
WILL INCREASE BY 20-30 PERCENT YEAR-ON-YEAR AT COMPARABLE
EXCHANGE RATES AND THAT OUR OPERATING PROFIT MARGIN (EBITA-%)
WILL BE 20-30 PERCENT IN 2023
    * BOD PROPOSES TO ANNUAL GENERAL MEETING THAT NO DIVIDEND BE
PAID
FOR FISCAL YEAR THAT ENDED ON DEC 31, 2022

Source text for Eikon:  ID:nWkr5jNzbs 
Further company coverage:  QTCOM.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))