Slide 1: Q1 2025 results
Q1 2025 results Juha Varelius, CEO Jouni Lintunen, CFO April 24, 2025
Slide 2: Agenda
Agenda → Business highlights → Financials → Outlook and guidance for 2025
Slide 3: Business highlights
Business highlights Juha Varelius, CEO
Slide 4: Challenging operating environment slowed down net sales growth
Challenging operating environment slowed down net sales growth ▪ Net sales growth 4.8% ▪ Reached EUR 47.2 million quarterly net sales Net sales, MEUR ▪ Growth of 3.4% at comparable currencies 68 ▪ EBITA-margin at 17.9% ▪ EBITA was EUR 8.5 million 53 47 45 42 ▪ Challenging market environment impacted
Slide 5: Financials
Financials Jouni Lintunen, CFO April 24, 2025
Slide 6: Q1/25 Income statement
Q1/25 Income statement EUR 1,000 Q1/25 Q1/24 Change, % ▪ Net sales Net sales 47,236 45,078 4.8 % ▪ Exchange rate impact 0.6 MEUR Other operating income 0 2 -100.0 % Materials and services -1,436 -1,029 39.6 % Personnel expenses -26,825 -24,352 10.2 % ▪ Expenses Depreciation* -937 -775 20.9 % ▪ Inves
Slide 7: Q1/25 Balance sheet
Q1/25 Balance sheet EUR 1,000 31.3.2025 31.3.2024 31.12.2024 ▪ Operative cashflow +16.7MEUR Non-current assets Contract assets 3,052 4,873 3,250 Other non-current assets Total non-current assets 91,460 94,512 96,358 101,231 90,306 93,556 ▪ Assets Current assets ▪ Ending cash balance 80.6 MEUR Trade
Slide 8: Market outlook and guidance for 2025
Market outlook and guidance for 2025
Slide 9: Market outlook
Market outlook ▪ Long-term growth prospects look very promising • Increase in the number of displays and devices is a significant growth driver to Qt development tools • Growing use of AI in software development increases the need for quality assurance tools and test automation ▪ Challenges in marke
Slide 10: Guidance for 2025
Guidance for 2025 ▪We estimate that ▪ our net sales for 2025 will increase by 10-20 percent year-on-year at comparable exchange rates, and ▪ our operating profit margin (EBITA-%) will be 30-40 percent. 10
Slide 11: Thank you!
Thank you! Get in touch with us: pr@qt.io