Qt Group Plc · OMXHEX:QTCOM
Qt — Q3 2022 Earnings Presentation
15 slides from Qt's earnings presentation, Oct 27, 2022
Slide 1: Q3 2022 Result presentation
Q3 2022 Result presentation Juha Varelius, CEO and Jouni Lintunen, CFO October 27, 2022
Slide 2: Agenda
Agenda 1 Q3/22 business highlights 2 Financials 3 Outlook and guidance for 2022
Slide 3: Q3/22 business highlights
4 Qt) Q3/22 business highlights
Slide 4: Net sales reached EUR 35 million in Q3 despite headwinds
Net sales reached EUR 35 million in Q3 despite headwinds › Developer license growth strong especially in QA tools Net sales growth 31% › Moderate growth in distribution licenses › EBITA margin at 22% of net sales EBIT EUR 6 million › EBIT impact of Axivion acquisition approx. -1 MEUR › Continuing gr
Slide 5: Axivion strengthens our Quality Assurance offering with scalable platform for static code analysis
Axivion strengthens our Quality Assurance offering with scalable platform for static code analysis › Acquisition of Axivion Gmbh closed on August 11, 2022 › In 2021 Axivion’s net sales were approximately EUR 5 million and EBIT EUR 1.5 million. Cycle Architecture › Personnel 41 as of Sep 30, 2022 Det
Slide 6: Q3 Offering highlights
Q3 Offering highlights › Qt 6.4 › Major improvements and new functionalities in Qt for WebAssembly as a fully supported platform › Other new and improved functionalities such as Qt Quick 3D Physics, iOS Style for Qt Quick, Qt TextToSpeech and Qt HTTP Server › Coco 6.0 › The major update brings code
Slide 7: Financials
y\ Financials
Slide 8: Net sales growth continued
Net sales growth continued Net sales growth, EUR million › Net sales increased 31.3% in the third quarter, 120 and 20.0% in comparable currencies 100 › Exchange rate impact EUR 2.5 million Q4 80 › License sales and consulting EUR 30.8 million, growth Q3 42.5% 60 Q2 40 Q1 › In January-September net s
Slide 9: Q3/22 Income statement
Q3/22 Income statement EUR 1,000 Q3/22 Q3/21 Change,% Net sales 35 308 26 891 31,3% Other operating income 28 26 11,5% Materials and services -1 604 -1 539 4,2% › Expenses developed according to Personnel expenses Depreciation, amortization and -18 304 -14 008 30,7% growth investment plans -778 -460
Slide 10: Q1-Q3/22 Income statement
Q1-Q3/22 Income statement EUR 1,000 1-9/22 1-9/21 Change,% Net sales 103 970 84 179 23,5% Other operating income 51 368 -86,2% Materials and services -4 996 -4 643 7,6% › Expense development according to Personnel expenses Depreciation, amortization and -53 115 -41 818 27,0% growth investment plans
Slide 11: Q3/22 Balance sheet
Q3/22 Balance sheet 30 Sep 30 Sep 31 Dec EUR 1,000 2022 2021 2021 Non-current assets 107,591 56,559 56,635 Current assets › Non-current assets increase driven Trade receivables 31,330 20,172 29,116 by Axivion acquisition Other receivables 19,931 13,621 14,091 › Current assets up by 9.4M€ vs end Cash
Slide 12: Market outlook and guidance for 2022
Market outlook and guidance for 2022
Slide 13: Market outlook
Market outlook › Our long-term growth prospects are unchanged and continue to be very promising › Increasing demand for devices with software-enabled displays across different industries is a major growth driver for Qt › Clear customer need for cross-platform software development and quality assuran
Slide 14: Guidance for 2022 unchanged
Guidance for 2022 unchanged › We estimate that our full-year net sales for 2022 will increase by 20-30 percent year- on-year at comparable exchange rates and our operating profit margin will be 20-30 percent.
Slide 15: Thank you!
Thank you! Get in touch with us: pr@qt.io