Qt Group Oyj (0RG5) Q1 2026 Earnings Call

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WEBVTT 00:00:01.921 -- 00:00:07.248 Hello, and welcome to QT Group's Q1 2026 results presentation. 00:00:07.248 -- 00:00:11.835 My name is Herta Narvanen. I'm the communications lead at QT Group, and I'm here today 00:00:11.835 -- 00:00:17.622 with our CEO, Juha Varalius, and our CFO on Zetterberg, who will ask questions 00:00:17.622 -- 00:00:21.588 first from the room, and if time permits, then from the line. 00:00:21.588 -- 00:00:26.412 So let's get going. The stage is yours. Please go ahead, Juha. 00:00:27.368 -- 00:00:32.535 Thank you. Hello, everyone. My name is Juha Varelius, CEO of Qt, and we're 00:00:32.535 -- 00:00:37.022 going to go through the Q1, pretty much the same 00:00:37.022 -- 00:00:42.730 agenda. Business highlights, market trends, and then we'll talk about financials and 00:00:42.730 -- 00:00:47.313 then outlook guidance for the rest of the year. 00:00:47.316 -- 00:00:50.060 If I look at 00:00:50.060 -- 00:00:54.226 the Q1, our net sales ended up 52.7 00:00:54.226 -- 00:00:59.416 million, an increase of 11.6%, and on comparable currency 00:00:59.416 -- 00:01:01.496 is 18.4% 00:01:03.001 -- 00:01:05.001 and 00:01:06.807 -- 00:01:08.910 we are pretty 00:01:08.910 -- 00:01:12.796 happy on that EBITDA margin 9.6% 00:01:12.796 -- 00:01:18.825 and 5 million on Q1 and that was pretty much on target 00:01:18.825 -- 00:01:25.175 as well ARR which is the new measure we are now telling 155 00:01:25.175 -- 00:01:28.051 million so the 00:01:28.051 -- 00:01:32.696 the increase of 32.7 in comparable currencies. 00:01:32.696 -- 00:01:37.420 So that takes away the flux, you know, the one and three year licenses and whatnot. 00:01:37.420 -- 00:01:42.365 And of course, we have the IAR in these figures. 00:01:42.365 -- 00:01:47.490 So overall, a kind of a typical fir...