Positive result warning: Qt Group Plc’s net sales and operating result for 2020 significantly exceeded the company’s previous forecast
According to the preliminary figures, which have not been audited, Qt Group’s net sales were EUR 79.5 million in 2020. Net sales increased by 36.1 percent year-on-year and at comparable exchange rates by 37.7 percent. Operating profit was approximately EUR 17.0 million and the operating margin was approximately 21.4 percent. In its interim statement, which was published previously (29 October 2020), the company has assessed that the operating result will grow at comparable exchange rates more than 25 percent and that the operating result in 2020 will be positive by a clear margin. The