Qt Group PLC (OHEL:QTCOM)
€ 66.75 0 (0%) Market Cap: 1.69 Bil Enterprise Value: 1.65 Bil PE Ratio: 36.68 PB Ratio: 11.26 GF Score: 88/100
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Q2 2023 Qt Group Oyj Earnings Call Transcript

Aug 03, 2023 / 12:00PM GMT
Release Date Price: €62.72 (-13.89%)
Juha Varelius
Qt Group Oyj - CEO

Good afternoon, everyone, and welcome to our Qt's second quarter results. My name is Juha Varelius, I'm CEO of the company, and together with me today is Jouni Lintunen, CFO. He will go through the numbers in a bit more detail.

As usual, I'm going to talk just briefly about the business highlights on the second quarter. Then we're going to have financials and then the outlook and guidance for the rest of the year.

Business highlights for the second quarter, our net sales grew 17% and reached the EUR43 million and growth was 19% on comparable currencies. Our EBIT margin was 29% and EUR12 million, 25% increase. And the profitability developed according to our business plan.

So we have a very scalable, profitable business. Our personnel totaled to 729 on June 30. So that's increase on 23 employees and growth investments continued as usual. We had a very good start for the quarter and then towards the end of the quarter, let's say the last mile was a bit weaker than what we were expecting. So we were slightly behind what we were expecting for this

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