Positive result warning: Qt Group Plc raises its net sales outlook

Stock Exchange Release July 29, 2021 1:30 pm (EEST)

Qt Group raises its 2021 net sales outlook and estimates that its full-year net sales for 2021 will increase by 35–45 percent year-on-year at comparable exchange rates and operating profit margin will be at least 15 percent.

In its stock exchange release, which was published previously (3 June 2021), the company has assessed that our full-year net sales for 2021 will increase by 30–40 percent year-on-year at comparable exchange rates and our operating profit margin will be at least 15 percent.

The background to the revised forecast is due to the excellent sales at the first half of the year, especially in the second quarter. The company also estimates that the favorable development will continue in the second half of the year despite increased short-term uncertainty due to the global component shortage.

The company will release its 2021 half-year report on Friday 6 August 2021 at 8:00 a.m. and will provide more detailed information on the financial performance of the second quarter and first half of the year 2021.

Further information:
Juha Varelius, CEO, tel. +358 9 8861 8040

DISTRIBUTION
Nasdaq Helsinki
Principal media
www.qt.io