Brief: Qt Preliminary Q4 Operating Profit At About EUR 6.1 Mln

Qt Oyj

29/01/2021 10:36

Jan 29 (Reuters) - Qt Group Oyj  QTCOM.HE :
    * POSITIVE RESULT WARNING: QT GROUP PLC'S NET SALES AND
OPERATING
RESULT FOR 2020 SIGNIFICANTLY EXCEEDED THE COMPANY'S PREVIOUS
FORECAST
    * POSITIVE RESULT WARNING: QT GROUP PLC'S NET SALES AND
OPERATING
RESULT FOR 2020 SIGNIFICANTLY EXCEEDED THE COMPANY'S PREVIOUS
FORECAST
    * ACCORDING TO PRELIMINARY FIGURES, WHICH HAVE NOT BEEN
AUDITED,
QT GROUP'S NET SALES WERE EUR 79.5 MILLION IN 2020
    * NET SALES INCREASED BY 36.1 PERCENT YEAR-ON-YEAR AND AT
COMPARABLE EXCHANGE RATES BY 37.7 PERCEN
    * OPERATING PROFIT IN FINAL QUARTER OF 2020 WAS EUR
APPROXIMATELY
6.1 MILLION AND OPERATING MARGIN WAS APPROXIMATELY 25.8 PERCENT.
    * RESULT WAS SIGNIFICANTLY BETTER THAN FORECASTED, WHICH WAS
DUE
TO EXTREMELY SUCCESSFUL SALES VOLUMES AT END OF 2020
    * SALES OF DEVELOPER LICENCES IN PARTICULAR EXCEEDED
COMPANY'S
EXPECTATIONS AND PREVIOUS ASSESSMENTS
    * OPERATING PROFIT WAS APPROXIMATELY EUR 17.0 MILLION AND
OPERATING MARGIN WAS APPROXIMATELY 21.4 PERCENT
    * ON OTHER HAND, NEGATIVE IMPACT OF CORONAVIRUS EPIDEMIC WAS
CLEARLY REFLECTED IN SALES OF DISTRIBUTION LICENCES ALSO AT END
OF YEAR.
    * COMPANY'S NET SALES IN FINAL QUARTER OF 2020 WAS EUR 23.8
MILLION, UP 40.9 PERCENT COMPARED TO SAME PERIOD IN PREVIOUS
YEAR
    * OPERATING PROFIT IN FINAL QUARTER OF 2020 WAS EUR
APPROXIMATELY
6.1 MILLION AND OPERATING MARGIN WAS APPROXIMATELY 25.8 PERCENT

Source text for Eikon:  ID:nWkrDnKg4 
Further company coverage:  QTCOM.HE 

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