Qt Group Plc · OMXHEX:QTCOM
Qt — Q1 2022 Earnings Presentation
14 slides from Qt's earnings presentation, Apr 28, 2022
Slide 1: Q1 2022 Strong growth continued
Q1 2022 Strong growth continued Juha Varelius, CEO and Jouni Lintunen, CFO April 28, 2022
Slide 2: Agenda
Agenda 1 Q1/22 business highlights 2 Financials 3 Outlook and guidance for 2022
Slide 3: Q1/22 business highlights
Q1/22 business highlights
Slide 4: Strong growth continued in Q1
Strong growth continued in Q1 › Good start for the year Net sales growth 35% › Significant growth investments in sales, R&D and EBIT EUR 4.7 million business development as planned › Strong emphasis on sales recruits in Q1, in Personnel increased +59 in Q1 particular to EMEA and the US
Slide 5: Ventures business update
Ventures business update › Actively looking for acquisition targets that contribute to company’s growth strategy › For both strengthening existing businesses & extending the product portfolio › Multiple new product development projects › E.g. In January 2022 launched Qt Digital Advertising which is
Slide 6: Q1 Offering highlights
Q1 Offering highlights › Squish 7.0 › Qt Creator 7.0 › Design Studio 3.2 › Qt for MCUs 2.1 › Outrun – A digital cockpit demo for Automotive industry › Demonstrating Qt’s state of the art UI and 3D technology
Slide 7: Financials
y\ Financials
Slide 8: Net sales growth continued
Net sales growth continued Net sales growth, EUR million 120 100 › Net sales increased 35% in the first quarter, and 80 Q4 29% in comparable currencies 60 Q3 › Exchange rate impact EUR 1.1 million Q2 40 › License sales and consulting EUR 27 million, growth 44% Q1 20 0 2017 2018 2019 2020 2021 2022 ›
Slide 9: Q1 Income statement
Q1 Income statement EUR 1,000 Q1/2022 Q1/2021 Change Net sales 31,572 23,362 35.1% › Strong growth continues in all geographical Other operating income 12 10 17.1% regions driven by AMERICAS and developer Materials and services -1,802 -1,400 28.7% licenses Personnel expenses -16,987 -11,986 41.7% Ot
Slide 10: Q1 Balance sheet
Q1 Balance sheet 31 Mar 31 Mar 31 Dec › Slight increase in non-current EUR 1,000 2022 2021 2021 Non-current assets 56,635 assets vs end of 2021 58,375 14,137 Current assets Trade receivables Other receivables 27,596 21,569 29,116 › Current assets up by 18.4M€ 16,090 7,963 14,091 Cash and cash equiva
Slide 11: Market outlook and guidance for 2022
Market outlook and guidance for 2022
Slide 12: Market outlook
Market outlook › Our long-term growth prospects are unchanged and continue to be very promising › Increasing demand for devices with software-enable displays across different industries is a major growth driver for Qt › Clear customer-need for cross-platform software development tools › Uncertainty
Slide 13: Guidance for 2022 unchanged
Guidance for 2022 unchanged › We continue to estimate that our full-year net sales for 2022 will increase by 30-40 percent year-on-year at comparable exchange rates and our operating profit margin will be 20-30 percent.
Slide 14: Thank you!
Thank you! Get in touch with us: pr@qt.io