Brief: Qt Group Sees Oper Profit Margin At 20-30% In 2023

Qt Oyj

03/08/2023 11:25

Aug 3 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * IN Q2 OF 2023, QT GROUP'S NET SALES INCREASED 19 PERCENT
AT
COMPARABLE CURRENCIES AND WERE EUR 43 MILLION
    * IN Q2, SALES OF DEVELOPER LICENSES FOR EMBEDDED DEVICES
INCREASED WELL, WHICH SUPPORTS INCOME FROM DISTRIBUTION LICENSES
IN LONG TERM
    * Q2 NET SALES FROM DISTRIBUTION LICENSES HAVE DEVELOPED
WELL
THROUGHOUT REVIEW PERIOD
    * CHALLENGING MACROECONOMIC OPERATING ENVIRONMENT WAS
PERCEIVABLE
IN PARTICULAR IN OUR NORTH AMERICAN SALES AND DEMAND FOR
CONSULTING SERVICES
    * WE ESTIMATE THAT OUR FULL-YEAR NET SALES FOR 2023 WILL
INCREASE
BY 20-30 PERCENT YEAR-ON-YEAR AT COMPARABLE EXCHANGE RATES
    * OUR OPERATING PROFIT MARGIN (EBITA-%) WILL BE 20-30
PERCENT IN
2023

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

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