Qt Group Plc · OMXHEX:QTCOM
Qt — Q1 2024 Earnings Presentation
12 slides from Qt's earnings presentation, Apr 25, 2024
Slide 1: Q1 2024 results
Q1 2024 results Juha Varelius, CEO Jouni Lintunen, CFO April 25, 2024
Slide 2: Agenda
Agenda 1. Q1/24 business highlights 2. Financials 3. Outlook and guidance for 2024 2
Slide 3: Q1/24 business highlights
Q1/24 business highlights Juha Varelius, CEO
Slide 4: Soft first quarter of 2024
Soft first quarter of 2024 § Personnel 806 on March 31 § Overview § Increase of 31 employees during Q1/24 § Net sales growth 13% § Quarterly fluctuation due to § Reached EUR 45 million large deals quarterly net sales § Tough comparison period, § Growth of 14% at comparable especially in distribution
Slide 5: Financials
Financials Jouni Lintunen, CFO April 25, 2024
Slide 6: Net sales growth continued
Net sales growth continued § Net sales increased 12.8% in M€ Q1/24, and 13.9% in comparable 200 180.7 180 currencies 160 155.3 § Exchange rate impact EUR -0.4 million 140 121.1 Q4 120 § License sales and consulting EUR 42.2 100 Q3 79.5 million, growth 16.8% 80 58.4 Q2 60 45.6 40 36.3 Q1 20 § Strong
Slide 7: Q1/24 Income statement
Q1/24 Income statement EUR 1,000 Q1/24 Q1/23 Change, % § Expenses Net sales 45 078 39,971 12.8 % § Expense development according to the growth Other operating income 2 5 -70.0 % strategy Materials and services -1 029 -1,312 -21.6 % Personnel expenses -24 352 -22,591 7.8 % § Period end headcount 806,
Slide 8: Q1/24 Balance sheet
Q1/24 Balance sheet EUR 1,000 Non-current assets 31.3.2024 31.3.2023 31.12.2023 § Q1 Operative cashflow +17.7MEUR Contract assets 4,873 6,105 6,257 Other non-current assets 96,358 103,054 98,098 Total non-current assets Current assets 101,231 109,159 104,356 § Assets Trade receivables 38,142 31,467
Slide 9: Market outlook and guidance for 2024
Market outlook and guidance for 2024
Slide 10: Market outlook
Market outlook § Long-term growth prospects look very promising • Strong demand for software design, development and quality assurance tools • Software becoming increasingly complex and incorporated into millions of everyday devices, the demand for quality assurance tools will grow • Qt Group expect
Slide 11: Guidance for 2024
Guidance for 2024 §We estimate that § our net sales for 2024 will increase by 20-30 percent year-on-year at comparable exchange rates, and § our operating profit margin (EBITA-%) will be 25-35 percent. 11
Slide 12: Thank you!
Thank you! Get in touch with us: pr@qt.io