Brief: Qt Group Raises Its Net Sales Outlook

Qt Oyj

29/07/2021 11:31

July 29 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * POSITIVE RESULT WARNING: QT GROUP PLC RAISES ITS NET SALES
OUTLOOK
    * RAISES ITS 2021 NET SALES OUTLOOK AND ESTIMATES THAT ITS
FULL-YEAR NET SALES FOR 2021 WILL INCREASE BY 35-45 PERCENT
YEAR-ON-YEAR
    * RAISES ITS 2021 NET SALES OUTLOOK AND ESTIMATES THAT ITS
FULL-YEAR NET SALES FOR 2021 WILL INCREASE BY 35-45 PERCENT
YEAR-ON-YEAR AT COMPARABLE EXCHANGE RATES AND OPERATING PROFIT
MARGIN WILL BE AT LEAST 15 PERCENT.
    * BACKGROUND TO REVISED FORECAST IS DUE TO EXCELLENT SALES
AT
FIRST HALF OF YEAR, ESPECIALLY IN Q2
    * ESTIMATES THAT FAVORABLE DEVELOPMENT WILL CONTINUE IN
SECOND
HALF OF YEAR DESPITE INCREASED SHORT-TERM UNCERTAINTY DUE TO
GLOBAL COMPONENT SHORTAGE.


Source text for Eikon:  ID:nWkr3N6f1F 
Further company coverage:  QTCOM.HE 

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