Qt Group Plc · OMXHEX:QTCOM
Qt — Q3 2024 Earnings Presentation
12 slides from Qt's earnings presentation, Oct 31, 2024
Slide 1: Q3 2024 results
Q3 2024 results Juha Varelius, CEO Jouni Lintunen, CFO October 31, 2024
Slide 2: Agenda
Agenda 1. Q3/24 business highlights 2. Financials 3. Outlook and guidance for 2024 2
Slide 3: Q3/24 business highlights
Q3/24 business highlights Juha Varelius, CEO
Slide 4: Net sales growth weaker than estimated
Net sales growth weaker than estimated ▪ Personnel 858 on ▪ Overview September 30 ▪ Net sales growth 10.9% ▪ Increase of 21 employees ▪ EMEA and APAC as planned, challenges in AMER during Q3/24 ▪ Reached EUR 42 million quarterly net sales ▪ Volatility in distribution licenses ▪ Continued focus on in
Slide 5: Financials
Financials Jouni Lintunen, CFO October 31, 2024
Slide 6: Q3 net sales growth driven by developer licenses
Q3 net sales growth driven by developer licenses ▪ Net sales increased 10.9% in M€ Q3/24, and 12.5% in comparable 200 180.7 180 currencies 160 155.3 ▪ Exchange rate impact EUR -0.5 million 140 121.1 120 Q4 ▪ License sales and consulting EUR 39.1 100 Q3 million, growth 11.1% 79.5 80 45.6 58.4 Q2 60 3
Slide 7: Q3/24 Income statement
Q3/24 Income statement ▪ Expenses ▪ Growth strategy implementation continued as EUR 1,000 Q3/24 Q3/23 Change, % 1-9/24 1-9/23 Change, % planned Net sales 42 176 38 039 10,9 % 140 583 121 479 15,7 % Other operating income 1 7 -86,5 % 13 23 -45,2 % ▪ Period end headcount 858, y-o-y +112/+15% Materials
Slide 8: Q3/24 Balance sheet
Q3/24 Balance sheet EUR 1,000 30.9.2024 30.9.2023 31.12.2023 Non-current assets ▪ Operative cashflow +33.4MEUR Contract assets 3 717 3 402 6 257 Other non-current assets 92 038 100 281 98 098 Total non-current assets 95 755 103 683 104 356 ▪ Assets Current assets Trade receivables 45 733 35 780 47 9
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 ▪ Challenges in m
Slide 11: Specified guidance for 2024
Specified guidance for 2024 ▪We estimate that ▪ our net sales for 2024 will increase by 20-25 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