Qt Group Oyj (0RG5) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everybody, and welcome to Qt Group's Q2 twenty twenty six Results Presentation. My name is Hertan Arvanen, and I'm the Communications Lead at Qt Group. And I'm here today with our CEO, Johav Varalius and our CFO, Ann Teeterbery, who will be presenting the results. After the presentation, we have time for questions. First, starting from the room and then if time permits, then from the line. But without any further ado, let's get going. Please go ahead, Juha. Thank you. Excuse me. Thank you, and good morning, everyone, and welcome to Q2 results. My name is Juha Parelius, and I'm CEO of the company. Pretty much same old agenda, business highlights, market trends, financials by Anne and then I'm going to talk about the outlook and guidance for 2026 later. So, if we go into the Q2, our net sales grew 19.6% and the quarterly net sales was €61,000,061,300,000 an increase of 19,600,000 or comparable currencies 20,900,000 EBITDA margin 15,100,000 and €9,300,000 ARR increased to €160,400,000 and the so it was a healthy growth on there. If we look the Q2 a bit more detailed, I'm actually pretty happy about our performance since the distribution license sales year over year was a bit over €6,000,000 less this year than it was a year before. Last year, we had a €19,000,000 on distribution revenues, so that we were able to increase our revenues. Our developer license sales has been developing very well overall. If we look on the IAR, IAR has been performing very well on their subscription chains. We were expecting on aggressive plan that we're going to have a 4060%, if I remember correctly, 68% conversion on the second quarter, which means that the IAR revenue obviously compared to last year is in a pressure since we have the already maturity of the sales subscriptions. Tha...