Qt Group Oyj (0RG5) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to QD Group's second quarter 2025 results presentation. My name is Helja Jämsa, IR Lead, and with me today are our CEO Juha Varelius and CFO Jooni Lintunen to present the results. After the presentations, we will have Q&A, and considering the number of analysts here with us in the studio, we might not have time for questions from the lines. Without further ado, please Juha, the floor is yours. Thank you. Good day everyone, my name is Juha Varelius, I'm the CEO of Qt Company, and let's get to the agenda, which is the pretty usual business highlights. Then Jooni will talk financials and I will finish up on the outlook and guidance for 2025. If we go into our Q2, it was, well, it was not good. You may call it soft or not good, I call it not good. We were of course expecting a bit better quarterly sales, although we must say that the comparable quarter was very difficult. Last year we had a one very big one-off deal, and so the comparable revenue this year was a tough to beat, but yet we were expecting a bit better result. Our revenue decreased .9% and on comparable currencies 0.5%. Of course, that is a fairly big difference, and we all know that that comes from the dollar exchange rate. A large part of our sales is in dollars, so that's affecting. Our EB-DAO margin was also 22.7%, which is a bit less than we usually get, and that comes together with the sales. So what all affected on this, we said already on a Q1 that the global economic situation and these trade tensions, they are affecting our customers in a way that if we think Qt, it always goes into a project which is an investment. This uncertainty in the market has caused that many of our customers are considering their investments not on a way that should they do it or not, but maybe more on a size and o...