Brief: Qt Group Sees 2023 EBITA Margin At Guidance High End Or Above

Qt Oyj

05/01/2024 07:40

Jan 5 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * INSIDER INFORMATION, PROFIT WARNING: NET SALES GROWTH IN 2023 STAYS SLIGHTLY BELOW THE
GUIDANCE,
OPERATING PROFIT MARGIN AT GUIDANCE HIGH END OR ABOVE
    * NET SALES IN LAST QUARTER OF 2023 WILL BE APPROXIMATELY EUR 59 MILLION
    * OUR FULL-YEAR NET SALES FOR 2023 WILL BE APPROXIMATELY EUR 180-181 MILLION
    * COMPANY ESTIMATES OPERATING PROFIT MARGIN (EBITA-%) TO BE CLOSE TO 30 % OR SLIGHTLY ABOVE
IN
2023
    * REVENUE GROWTH IN 2023 WILL STAY BEHIND FROM PREVIOUS GUIDANCE
    * WEAKER GROWTH THAN ESTIMATED IS CAUSED BY RESULTS OF PROFESSIONAL SERVICES THAT DIDN'T
REACH
COMPANY'S EARLIER FORECAST
    * STRONG PERFORMANCE AT END OF YEAR WAS NOT ENOUGH TO LIFT NET SALES ENOUGH TO MEET EARLIER
GUIDANCE.

Source text for Eikon:  ID:nWkr6T6tW7 
Further company coverage:  QTCOM.HE 

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