Qt Group Oyj

Qt Group Plc released a summary of its Interim Statement for January-September 2024, noting that the third quarter was weaker than expected, with net sales growth of 12.5% at comparable exchange rates, amounting to EUR 42 million. The growth was affected by lower-than-anticipated sales of distribution licenses and challenges in the American market, though license sales continued to grow steadily. Operating profit for the quarter was EUR 10.3 million, or 24.5% of net sales, showing a 12.8% year-on-year increase. The company increased its personnel by 15% year-on-year, totaling 858 employees by the end of September. Despite third-quarter challenges, Qt Group is optimistic about significantly increasing net sales growth in the fourth quarter. The company updated its 2024 guidance, now expecting full-year revenue growth of 20-25% at comparable exchange rates, with the operating profit margin remaining at 25-35%. A news conference will be held on October 31, 2024, in Helsinki and online, with CEO Juha Varelius and CFO Jouni Lintunen presenting the results.

Qt Group Plc will release its Interim Statement for January 1 to September 30, 2024, on October 31, 2024, at approximately 8:00 am EET. The report will be accessible at www.qt.io/investors. A news conference will be held on the same day from 11:00 am to 12:00 pm EET in Helsinki, Finland, and via a live webcast. CEO Juha Varelius and CFO Jouni Lintunen will present the results, with an on-demand recording available later. Participants can ask questions via conference call by registering at the provided link and entering the queue by dialing *5. Attendance at the venue in Helsinki requires advance registration by October 29, 2024, due to limited seating. Qt Group is a global software company with over 1.5 million developers and customers in more than 70 industries across 180 countries. The company employs around 800 people, with net sales of 180.7 million euros in 2023. More information is available at www.qt.io.

Qt Group Plc announced the schedule for its financial reports in 2025. The company will release its Financial Statements Bulletin, Annual Report, two Interim Statements, and Half-Year Report during the year. The Annual General Meeting is planned for April 9, 2025, with the Board of Directors set to convene it later. For further details, contact Jouni Lintunen, CFO of Qt Group Plc, at +358 9 8861 8040. The information will be distributed via Nasdaq Helsinki, principal media, and the company's website.

A 2024 Forrester Consulting study commissioned by Qt Group reveals that despite the perceived maturity of platform engineering strategies, 63% of embedded software is still created using custom, ad hoc solutions. Although 65% of respondents view their platform as foundational for embedded software, the challenge remains to balance productivity with compliance to quality and safety standards. Key benefits of platform engineering include improved customer experience, enhanced compliance, and better workflow efficiency. However, developers face difficulties in reusability, cross-device compatibility, unified UI/UX design, cross-functional collaboration, and maintaining self-service capabilities. Talent shortages, legacy platform integration, and cultural resistance are significant blockers. Most respondents (93%) report leadership support for platform engineering strategies. Qt Group emphasizes the need for flexible, scalable platforms and integration with best-of-breed tools for effective platform engineering. The study surveyed 317 decision-makers responsible for platform engineering strategies.

Qt Group Plc released a notification on August 22, 2024, regarding a transaction by a senior manager, Tuukka Turunen. The transaction took place on August 21, 2024, at NASDAQ Helsinki and involved the disposal of 10,000 shares at a unit price of 94.5 EUR. The volume-weighted average price was also 94.5 EUR. For further information, contact Mika Pälsi, General Counsel.