Finland's Qt Group Q1 sales miss estimates

Qt Oyj

13/05/2026 11:09

Overview

Finland software developer's Q1 net sales rose 11.6% but missed analyst expectations

Adjusted EPS for Q1 dropped to EUR 0.01 from EUR 0.20 a year earlier

Company launched reorganization after Q1, targeting EUR 20 mln in annual cost savings

Outlook

Company expects reorganization and cost review to support profitability in H2 2026

Result Drivers

CHALLENGING MARKET - Co said geopolitical tensions and market uncertainty continued, leading to customer caution on new product development investments, especially in export-exposed segments

COST-CONSCIOUS CUSTOMERS - Co said customers are increasingly cost-conscious and actively seeking savings in software development spend

RECURRING REVENUE GROWTH - Co said recurring revenue base continued to strengthen, with ARR up 32.7% at comparable exchange rates, reflecting solid long-term customer relationships

Company press release: ID:nMFN3m2BlL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
EUR 52.73 mln
EUR 53.38 mln (5 Analysts)
Q1 EPS
EUR 0.01
Q1 EBIT
EUR 1.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Qt Group Oyj is €32.00, about 65% above its May 12 closing price of €19.39

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)