Qt tumbles as trade war, weaker license sales hurt Q2 profits

Qt Oyj

06/08/2025 08:41

** Shares in Qt Group QTCOM.HE fall 15% after the software maker posted Q2 sales below estimates, hit by global uncertainty, customers turning more cautious

** It posts quarterly sales at 51.2 million euros  ($59.25 million), against 55.7 million seen in an LSEG IBES estimate

** Inderes analyst Antti Luiro says the slowdown in product development launches due to the trade war and the resulting weaker license sales have hit sales

** Qt kept its full-year guidance but Luiro notes that its implementation requires a rapid recovery in the market

** "The situation may well require a new profit warning from the company later," he adds

** The shares hit their lowest level since end of October 2023 and are on track for their worst day since April if losses hold

($1 = 0.8642 euros)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))