Qt Group Plc · OMXHEX:QTCOM
Qt — Q4 2023 Earnings Presentation
14 slides from Qt's earnings presentation, Feb 16, 2024
Slide 1: Q4 2023 and FY 2023 results
Q4 2023 and FY 2023 results Juha Varelius, CEO Jouni Lintunen, CFO February, 16, 2024
Slide 2: Agenda
Agenda 1. Q4/23 and FY 2023 business highlights 2. Financials 3. Outlook and guidance for 2024
Slide 3: Q4/23 and FY 2023 business highlights
Q4/23 and FY 2023 business highlights Juha Varelius, CEO
Slide 4: Q4/23 – Net sales growth slightly lower than estimated, operating profit at a record level
Q4/23 – Net sales growth slightly lower than estimated, operating profit at a record level Personnel totaled 775 on December 31 EBITA-margin at 43.8% § Increase of 29 employees during Net sales growth 18.3% at § EBITA was EUR 25.9 million, Q4/23 comparable currencies increase of 37.8% § Growth inves
Slide 5: Q4 Event Highlight
Q4 Event Highlight Qt World Summit 2023 Berlin very well perceived § Over 1300 participants, mostly developers and Tech/Product Management § Attendees from 38 countries § Presentations from our customers and partners: Sky, Konecranes, Mercedes-Benz, KDAB
Slide 6: FY/23 – A successful year for Qt Group’s growth strategy
FY/23 – A successful year for Qt Group’s growth strategy Significant Growth Investments Expanding outside Qt § Continued investments in R&D and Ecosystem sales Operating profit margin above § Headcount added during the year: 87 estimates § Investments to expand Qt § EBITA-% was 30.6% in 2023 and 43.
Slide 7: Financials
Financials Jouni Lintunen, CFO February 16, 2024
Slide 8: Net sales growth continued
Net sales growth continued § Net sales increased 15.4% in Q4/23, M€ and 18.3% in comparable currencies 200 180.7 180 § Exchange rate impact EUR -1.2 million 155.3 160 § License sales and consulting EUR 56.4 140 121.1 Q4 million, growth 20.2% 120 100 Q3 79.5 80 58.4 Q2 § FY 2023 net sales increased 1
Slide 9: Q4/23 and 2023 Income statement
Q4/23 and 2023 Income statement EUR 1,000 Q4/23 Q4/22 Change, % 2023 2022 Change, % Net sales 59,264 51,349 15.4% 180,743 155,318 16.4% § Expenses Other operating income 333 13 2401.8% 356 64 455.7% § Growth strategy implementation continues Materials and services -1,249 -1,919 -34.9% -4,544 -6,915
Slide 10: Q4/23 Balance sheet
Q4/23 Balance sheet EUR 1,000 31.12.2023 31.12.2022 Non-current assets § Operative cashflow +40.0MEUR Contract assets 6,257 6,207 Other non-current assets 98,098 105,298 Total non-current assets 104,356 111,505 § Assets Current assets Trade receivables 47,901 39,916 § Eding cash balance 33.6MEUR Oth
Slide 11: Market outlook and guidance for 2024
Market outlook and guidance for 2024
Slide 12: 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 § Qt Group expects
Slide 13: Guidance for 2024
Guidance for 2024 We estimate that § Our full year net sales will increase by 20-30 percent year-on-year at comparable rates, and § Our operating profit margin (EBITA %) will be 25–35 percent in 2024
Slide 14: Thank you!
Thank you! Get in touch with us: pr@qt.io