Qt Group Oyj

The Qt Group Plc will release its financial statement for January 1 to December 31, 2024, on February 13, 2025, at 8:00 am EET. The report will be available on their website. A news conference will be held on the same day from 11:30 am to 12:30 pm EET in Helsinki and via live webcast. CEO Juha Varelius and CFO Jouni Lintunen will present the results, and a recording will be accessible later. Attendees can ask questions via a conference call or in person at Musiikkitalo Glazed Foyer, with prior registration required due to limited seating. For inquiries, contact pr@qt.io.

Qt Group has launched the Qt AI Assistant, an experimental tool aimed at streamlining cross-platform user interface development by integrating language models into developers' workflows. This tool is designed to automate repetitive tasks like writing unit tests and code documentation, allowing developers to focus on more creative coding tasks. It supports self-hosted language models, providing flexibility in model choice and deployment, and is compatible with various programming languages, including C++ and Python. The tool is integrated into Qt Creator, facilitating quick access to AI-generated suggestions. Qt AI Assistant addresses security concerns by enabling private cloud deployments to protect intellectual property. Qt Group plans to release fine-tuned language models later this year, available for download on the Hugging Face portal.

Qt Group has launched Qt Accelerate, a solution designed to help organizations quickly develop software-defined products using pre-designed, customizable templates. Qt Accelerate, built on the Qt Framework, offers templates for industries such as industrial manufacturing, mobility, and consumer electronics, allowing users to customize UI/UX components and deploy them across various hardware with minimal coding. It is aimed at facilitating fast product development and proof-of-concept creation, with support for cloud testing. The solution is designed to be user-friendly, requiring no prior knowledge of the Qt Framework, while maintaining flexibility and quality. Qt Accelerate supports extensions for additional features like companion apps and real-time analytics. It has been trialed by companies like Clean Motion and Foilone, who have successfully used it to develop products quickly. Qt Accelerate will be demonstrated at CES 2025, and Qt Group is a global software company with significant industry reach and expertise.

Qt Group Plc announced preliminary unaudited figures indicating that its net sales for the last quarter of 2024 will be approximately EUR 67-69 million, with full-year net sales estimated at EUR 208-210 million. The company expects a net sales growth of 15-16% year-on-year at comparable exchange rates. The operating profit margin (EBITA-%) is projected to be around 35% for 2024. This falls short of the company's earlier guidance, which anticipated a 20-25% increase in net sales, although the operating profit margin is at the upper end of the guidance. The slower growth is attributed to postponed deal negotiations and a challenging market environment affecting distribution license sales. Developer license sales met expectations, supporting long-term growth goals. More details on 2024 financial results and guidance for 2025 will be provided on February 13, 2025.

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.