Qt Group Oyj (0RG5) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to QT Group's Q1 2026 results presentation. My name is Herta Narvanen. I'm the communications lead at QT Group, and I'm here today with our CEO, Juha Varalius, and our CFO on Zetterberg, who will ask questions first from the room, and if time permits, then from the line. So let's get going. The stage is yours. Please go ahead, Juha. Thank you. Hello, everyone. My name is Juha Varelius, CEO of Qt, and we're going to go through the Q1, pretty much the same agenda. Business highlights, market trends, and then we'll talk about financials and then outlook guidance for the rest of the year. If I look at the Q1, our net sales ended up 52.7 million, an increase of 11.6%, and on comparable currency is 18.4% and we are pretty happy on that EBITDA margin 9.6% and 5 million on Q1 and that was pretty much on target as well ARR which is the new measure we are now telling 155 million so the the increase of 32.7 in comparable currencies. So that takes away the flux, you know, the one and three year licenses and whatnot. And of course, we have the IAR in these figures. So overall, a kind of a typical first quarter, which is usually very slow for us, and fourth quarter being the best and busiest quarter, which then reflects on the first quarter numbers. So if we, well, foundations for long-term growth, I'm going to comment here a bit. So the developer license demand remains strong. If we look at our industries, the defense is nowadays the probably strongest one, medical and other industrial. They are all doing really well. And automotive industry obviously is suffering. specifically in Western markets. In China, the automotive market is doing good, but the Western automotive market is suffering, and the growth overall is very slow over there. If I look on the region...