Qt Group Plc updates its long-term targets and aims to double its net sales by 2027

Qt Group Plc, Stock Exchange Release, October 26, 2023 at 1:05pm EEST

At its meeting on October 26, 2023, the Board of Directors of Qt Group Plc has decided to update the company’s financial targets for the new strategy period until 2027. 

According to the decision of the Board of Directors, the company’s targets for the new strategy period until 2027 are as follows:

• annual net sales growth of 20–30%, which means that the company will more than double its net sales over the next four years
• an operating profit margin (EBITA %) of at least 25%

Exchange rate fluctuations will continue to have a significant effect on the company’s reported net sales.

Qt is uniquely positioned in the global embedded software markets, which have tremendous future potential. We can provide our customers with significant added value in all stages of the software development process, from design to software development and testing. Our solutions suit both affordable and high value-added products and enable faster product development and launch for customers. They also reduce risks, deliver cost savings and help our customers create higher-quality products.

We will pursue the targets set for the new strategy period primarily through organic growth by taking advantage of our strong product portfolio and product development, as well as our global sales network. By providing our customers with even higher value-added solutions, we give ourselves the opportunity to capture an even larger share of our customers’ product development budgets.

In addition to pursuing organic growth, we actively seek targeted acquisitions that support our strategy.   

The company’s aim is to refrain from the distribution of dividends until further notice.

Qt Group Plc
Board of Directors

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

Distribution:
Nasdaq Helsinki
Key media
www.qt.io