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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Transaktioner utförda av personer i ledande ställning: Qt Group Plc Managers' Transactions Juhapekka Niemi

On August 13, 2024, Qt Group Plc announced a stock exchange release detailing managers' transactions. Juhapekka Niemi, a senior manager at Qt Group, reported the disposal of shares on August 9, 2024, at Nasdaq Helsinki. The transactions involved multiple volumes and unit prices, resulting in two aggregated transactions: one with a total volume of 12,301 shares at a volume-weighted average price of 91.15569 EUR, and another with a total volume of 7,000 shares at a volume-weighted average price of 90.37519 EUR. Further information can be obtained from Mika Pälsi, General Counsel.

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Transaktioner utförda av personer i ledande ställning: Qt Group Oyj Johdon liiketoimet Juhapekka Niemi
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Transaktioner utförda av personer i ledande ställning: Qt Group Oyj Johdon liiketoimet Mika Pälsi
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Transaktioner utförda av personer i ledande ställning: Qt Group Plc Managers' Transactions Mika Pälsi

Qt Group Plc released a stock exchange notice on August 12, 2024, at 1:00 PM EEST regarding a manager's transaction. The notification pertains to Mika Pälsi, a senior manager at Qt Group Oyj. The transaction was initially notified under reference number 73936/5/4. On August 9, 2024, Pälsi disposed of 900 shares on NASDAQ Helsinki Ltd, with each share priced at 87.45 EUR. The aggregated transaction details indicate a volume-weighted average price of 87.45 EUR. For further information, Mika Pälsi, General Counsel, can be contacted. The notice is distributed via Nasdaq Helsinki and key media, and more details are available on www.qt.io.

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Halvårsrapport: Qt Group Plc: Half-Year Report January-June 2024

Qt Group Plc's Half-Year Report for January-June 2024 highlights significant growth in net sales and operating profits. For April-June 2024, net sales increased by 22.7% to EUR 53.3 million, with an operating profit (EBITA) of EUR 18.5 million, representing 34.7% of net sales. The earnings per share were EUR 0.53. For January-June 2024, net sales grew by 17.9% to EUR 98.4 million, with an operating profit (EBITA) of EUR 29.5 million, or 30% of net sales, and earnings per share of EUR 0.83. The second quarter saw strong sales of developer licenses and a significant new license deal in North America. Geographic growth was robust in Asia and America, but Europe faced challenges. Qt Group announced partnerships with Qualcomm Technologies and LG Electronics, aiming to enhance IoT device development and automotive content platforms. Despite challenges in Europe, Qt Group expects to accelerate growth in the second half of 2024, maintaining its full-year guidance of a 20-30% increase in net sales and an operating profit margin (EBITA %) of 25-35%. An English-language news conference will be held on August 8, 2024, to present the results. Further information is available through CEO Juha Varelius and on the company's website.

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Halvårsrapport: Qt Group Oyj: Puolivuosikatsaus tammi-kesäkuu 2024

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Nyheter för investerare: Publishing of Qt Group's Half Year Report on August 8, 2024

The Qt Group Plc will release its Half-Year Report for January 1 – June 30, 2024, on Thursday, August 8, 2024, at approximately 8:00 am EEST. The report will be available on their website. A news conference will be held on the same day from 11:00 am to 12:00 pm EEST in Helsinki and via live webcast. CEO Juha Varelius and CFO Jouni Lintunen will present the results. An on-demand recording will be accessible later. Questions can be asked via conference call, with registration required through a provided link. Limited in-person attendance is available at Sanomatalo, with advance sign-up needed by August 6, 2024. Qt Group is a global software company with over 1.5 million developers and customers in more than 70 industries across 180 countries. They employ around 800 people, with net sales of 180.7 MEUR in 2023.

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Nyheter för investerare: Qt Groupin puolivuosikatsauksen julkaiseminen 8.8.2024
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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 stock exchange notification on June 27, 2024, regarding a manager's transaction. The notification concerns Tuukka Turunen, a senior manager at Qt Group Plc. The transaction, which occurred on June 26, 2024, involved the disposal of 2,000 shares at a unit price of 86.3585 EUR on Nasdaq Helsinki Ltd. The aggregated volume of the transaction was 2,000 shares with a volume-weighted average price of 86.3585 EUR. For further information, contact Mika Pälsi, General Counsel, at +358 9 8861 8040.