Qt Group Oyj
QTCOM
ISIN FI4000198031 / Valor 32431882
Qt Group Oyj
UMushroom community rating:
About company
Qt Group Oyj, headquartered in Espoo, Finland, operates as a leading global software company, serving over 1.5 million developers and numerous industry leaders across more than 70 industries in over 180 countries. The company specializes in providing comprehensive software development solutions that span the entire product development lifecycle, including user interface design, software development, quality management, and deployment. Qt Group's product offerings are designed to enhance productivity at every stage of the development process, making it a valuable partner for companies looking to streamline their product development operations. The company's commitment to quality and safety is underscored by the certification of its Qt Safe Renderer 1.0 by TÜV NORD, meeting the tool requirements of several standards, including IEC 62304:2015. This certification highlights Qt Group's capability to support software safety life cycles, further establishing its role as a trusted software provider. Additionally, Qt Group's success is bolstered by a vibrant community of over 1.5 million developers worldwide, who contribute to the framework's quality and innovation by identifying bugs, fixing issues, and sharing new features, thereby continuously enriching the Qt ecosystem. With almost 800 employees globally, Qt Group remains at the forefront of software development, offering solutions that cater to a wide array of industries and helping companies achieve their product development goals efficiently.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Net Sales Growth
Qt Group Oyj reported a significant net sales growth of 22.7% in Q2 2024, reaching EUR 53 million. This growth was 22.3% when adjusted for comparable currencies, indicating a strong performance in the quarter.
EBITA Improvement
The company achieved an EBITA of EUR 19 million in Q2 2024, marking an impressive increase of 48.3% compared to the same period last year. This improvement highlights the scalability of Qt Group Oyj's business model and its ability to enhance profitability.
Personnel Expansion
As of June 30, 2024, Qt Group Oyj's personnel count stood at 837, reflecting an increase of 31 employees during the second quarter. This expansion aligns with the company's strategic focus on investing in sales and other key areas to drive growth.
Profitability Metrics
Qt Group Oyj reported a net profit of EUR 13.4 million for Q2 2024, which represents 25.1% of net sales. The earnings per share (EPS) for the quarter was EUR 0.53, showcasing the company's strong profitability.
Market Outlook and Guidance
Looking ahead, Qt Group Oyj remains optimistic about its long-term growth prospects, driven by strong demand for software design, development, and quality assurance tools. For 2024, the company estimates a net sales increase of 20-30% year-on-year at comparable exchange rates and an operating profit margin (EBITA-%) of 25-35%.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1784 M
Market cap (USD)
35,490
Daily traded volume (Shares)
68.6 / 66.8
1 day high/low (USD)
52 weeks high/low (USD)
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EPS (USD)
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Ratings & reviews
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