Q3 2024 Qt Group Oyj Earnings Call Transcript
Key Points
- Net sales grew by 12.5% in comparable currencies, reaching 42 million.
- Developer licenses sales are on budget with healthy demand.
- The QA business, including products like Quess and Cocoa, is experiencing healthy growth.
- The company is strategically positioned in a growing market with increasing demand for software and user interfaces.
- Efforts in new customer acquisition and business development are ongoing, with a focus on QA testing tools.
- Q3 results were weaker than expected, with a notable softness in consulting sales.
- Distribution licenses growth rate is lower than anticipated, affecting overall performance.
- The US market is experiencing more pronounced softness, particularly in consultancy.
- Trade receivables are high due to delayed payments, although no risk is perceived.
- The company lowered its revenue growth guidance from 20-30% to 20-25% for 2024.
Hello and welcome to QT Group's third quarter of 2024 results presentation. My name is Herten Arvan and I'm here today with our CEO. You have Ara and our CFO Yoni Linden who will be sharing the results after the presentation, we have time for questions first starting with the room and if time permits then from the conference line. But without any further ado, please go ahead.
Thank you.
Good day, everyone. My name is Clis CEO of Q and we have a pretty much same agenda as usual. So I'm going to go through briefly the Q3 and only is going to talk about the financials and then I'm going to talk about outlook and guidance and then we're going to have Q&A at the end.
So if we go to Q3, it was of course a disappointment for us. The it was weaker than we were expecting. The net sales grew. The we reached 42 million and the growth in comparable currencies was 12 12.5% and our ebita margin was 24.5.
So if we looked what
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
