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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Q3 2023 Qt Group Oyj Earnings Call Transcript

Oct 26, 2023 / 12:00PM GMT
Release Date Price: €47.68 (+3.88%)
Juha Varelius
Qt Group Oyj - CEO

Good afternoon, everyone. My name is Juha Varelius, I'm CEO of the Qt group. And we are here today to tell a bit about our Q3 results and also our outlook for Q4 and beyond.

With further ado, the agenda is as usual, business highlights, financials by our CFO with an outlook and guidance for 2023. And then we have this time a bit of strategy update to share with you.

If we look the business highlights in 2020 -- this Q3, it was obviously a soft quarter for us. We had a net sales growth only of 8% and comparable currencies, 13%. And it was definitely on the low end what we were expecting. However, it was a typical quarter in a sense that a large part of the sales are queued towards the end of the quarter.

And we had some slippages over there going -- slipping into the next quarter, some of which we've already closed and some that are in progress. So we're not looking to lose those deals per se, but we weren't able to close them in Q3. But nevertheless, it was a slow quarter for us.

I'm going to talk about the future outlook. On this

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