Finland's Qt Group Q3 sales rise 27%, beat estimates
Finland's Qt Group Q3 sales rise 27%, beat estimates
Overview
Finland software firm's Q3 net sales rose 27%, beating analyst expectations
Q3 EBITA increased despite EUR 5.3 mln in restructuring costs
EPS for Q3 declined yr/yr
Outlook
Qt estimates 2026 net sales will rise at least 10% year-on-year at comparable exchange rates
Company expects 2026 operating profit margin (EBITA %) of at least 15%
Company says customers remain cautious on long-term investments amid market uncertainty
Result Drivers
DEVELOPER LICENSE SALES - Co said Q3 growth was largely driven by increased new sales of developer licenses in EMEA
IAR ACQUISITION - Revenue from the acquisition of IAR contributed to Q3 net sales growth
RESTRUCTURING COSTS - Q3 EBITA grew despite EUR 5.3 mln in restructuring costs, mainly severance related
Company press release: ID:nMFN8ZzCk7
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | EUR 51.73 mln | EUR 48 mln (4 Analysts) |
Q3 EPS |
| EUR 0.04 |
|
Q3 EBIT |
| EUR 2.58 mln |
|
Q3 EBITA |
| EUR 5.72 mln |
|
Q3 EBIT Margin |
| 5.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "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 €36.00, about 6.2% above its October 28 closing price of €33.90
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago
Reuters Recommended Reads
Oct 27 - Finland's TietoEVRY Q3 revenue falls on soft demand
Oct 27 - Finland's Digia Q3 EBIT rises on operational efficiency despite flat revenue
Oct 28 - Finland's Tecnotree Q3 revenue rises, raises 2026 forecast
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.)