Qt Group Plc · OMXHEX:QTCOM
Qt — Q1 2023 Earnings Presentation
13 slides from Qt's earnings presentation, Apr 28, 2023
Slide 1: Q1 2023 results
Q1 2023 results Juha Varelius, CEO Jouni Lintunen, CFO April 28, 2023
Slide 2: Agenda
Agenda 1. Q1/23 business highlights 2. Financials 3. Outlook and guidance for 2023 28 April 2023 2
Slide 3: Q1/23 business highlights
Q1/23 business highlights Juha Varelius, CEO
Slide 4: Strong start for the year
Strong start for the year ▪ Personnel 706 on March 31 ▪ EBITA-margin at 20% ▪ Increase of 18 employees during Q1/23 ▪ Net sales growth 27% ▪ EBITA was EUR 8 million, increase of 40% ▪ Reached EUR 40 million quarterly net sales ▪ Profitability in line with business plans ▪ Growth of 24% at comparable
Slide 5: Q1/23 Product and business highlights
Q1/23 Product and business highlights ▪ General Motors chose Qt Group’s full product portfolio for a prominent role in their software- defined vehicle development ▪ Analytics solution Qt Insight 1.0 launched to bring Qt customers actionable insights into the usage of applications or devices ▪ Design
Slide 6: Financials
Financials Jouni Lintunen, CFO April 28, 2023
Slide 7: Net sales growth continued
Net sales growth continued ▪ Net sales increased 26.6% in Q1/23, M€ 155.3 and 24.0% in comparable currencies 150 121.1 ▪ Exchange rate impact EUR 0.7 million 120 ▪ License sales and consulting EUR 36.1 Q4 90 79.5 million, growth 33.6% Q3 58.4 60 45.6 Q2 36.3 ▪ Strong quarterly fluctuation and 30 Q1
Slide 8: Q1/23 Income statement
Q1/23 Income statement EUR 1,000 Q1/23 Q1/22 Change, % ▪ Expenses Net sales 39,971 31,572 26.6 % ▪ Growth strategy implementation continued as planned Other operating income 5 12 -54.8 % ▪ Headcount +31% Materials and services -1,312 -1,802 -27.2 % Personnel expenses -22,591 -16,987 33.0 % Depreciat
Slide 9: Q1/23 Balance sheet
Q1/23 Balance sheet EUR 1,000 31.3.2023 31.3.2022 31.12.2022 Non-current assets ▪ Assets Contract assets 6,105 5,899 6,207 ▪ Operative cashflow +15MEUR, ending cash balance Other non-current assets 103,054 58,375 105,298 23.1MEUR Total non-current assets 109,159 64,275 111,505 Current assets ▪ Trade
Slide 10: Market outlook and guidance for 2023
Market outlook and guidance for 2023
Slide 11: Market outlook
Market outlook ▪ Our long-term growth prospects are very promising ▪ Increasing demand for devices with software-enabled displays across different industries is a major growth driver for Qt Design and Development tools ▪ As the amount of software in the world grows and the pace of software releases
Slide 12: Guidance for 2023
Guidance for 2023 ▪We estimate that ▪ our net sales for 2023 will increase by 20-30 percent year-on-year at comparable exchange rates, and ▪ our operating profit margin (EBITA-%) will be 20-30 percent. 28 April 2023 12
Slide 13: Thank you!
Thank you! Get in touch with us: pr@qt.io