Qt Group Oyj

Ticker/ISIN
QTCOM
FI4000198031
Marknad/Land
Main Market, Helsinki
Sweden

Senaste sammanfattade pressmeddelande från 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.
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.

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Nyhetsuppdatering från Qt Group Oyj

Nyheter för investerare: Publishing of Qt Group's Interim statement on October 31, 2024

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.

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Main Market, Helsinki News

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Nyheter för investerare: Qt Groupin johdon osavuotisen selvityksen julkaiseminen 31.10.2024
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Main Market, Helsinki News

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Finansiell kalender: Qt Group Oyj:n taloudellinen tiedottaminen vuonna 2025
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Main Market, Helsinki News

Nyhetsuppdatering från Qt Group Oyj

Finansiell kalender: Qt Group Plc's financial reporting in 2025

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.

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Main Market, Helsinki News

Nyhetsuppdatering från Qt Group Oyj

Nyheter för investerare: Platform engineering hindered by diverse embedded development needs

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.

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Nyheter för investerare: Sulautettujen järjestelmien moninaiset kehitystarpeet hidastavat ohjelmistoalustakehityksen käyttöönottoa
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Transaktioner utförda av personer i ledande ställning: Qt Group Oyj Johdon liiketoimet Tuukka Turunen
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Transaktioner utförda av personer i ledande ställning: Qt Group Plc Managers' Transactions Tuukka Turunen

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.

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Transaktioner utförda av personer i ledande ställning: Qt Group Plc Managers' Transactions Double Trade Oy

Qt Group Plc released a stock exchange notification on August 14, 2024, detailing a transaction involving Double Trade Oy, a legal entity associated with Matti Heikkonen, a member of the Board of Qt Group Oyj. The transaction, which took place on August 12, 2024, at NASDAQ Helsinki, involved the disposal of 1,000 shares at a volume-weighted average price of 90.75 EUR per share. For further information, Mika Pälsi, General Counsel, can be contacted. The information is distributed to Nasdaq Helsinki and key media outlets.

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Main Market, Helsinki News

Nyhetsuppdatering från Qt Group Oyj

Transaktioner utförda av personer i ledande ställning: Qt Group Oyj Johdon liiketoimet Double Trade Oy