Ankündigung • Apr 22
Qt Group Oyj Announces Plans for A Broad Reorganization of Its Operations Qt Group Oyj announced plans for a broad reorganization of its operations. The objective of the reorganization was to improve the Company’s operational efficiency, respond to the changed market environment, and fully leverage synergies arising from acquisitions. The reorganization was expected to result in annual cost savings of approximately EUR 20 million, which were expected to be fully realized during 2027. The realization and timing of the savings depended on the final scope and implementation of the reorganization. Qt Group Oyj estimated that the planned measures may result in the termination of up to a maximum of 200 positions globally. Any potential personnel reductions would be implemented in accordance with the procedures required under the applicable legislation of each country. Qt Group Oyj would primarily explore opportunities for internal redeployment. Qt Group Oyj would begin statutory change negotiations in Finland on April 27, 2026. According to the company's preliminary estimate, the negotiations would last six weeks, unless otherwise agreed during the negotiations. In Finland, all employees and all of the company's offices were within the scope of the change negotiations. Qt Group Oyj estimated that the planned measures may result in the termination of employment of up to 80 employees in Finland. The planned measures aimed to simplify decision-making, improve operational efficiency, and strengthen the Company’s ability to execute its strategy in a changing market environment. The reorganization would support the Company’s long-term profitability and growth objectives. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.86, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total loss to shareholders of 68% over the past three years. Ankündigung • Apr 16
Qt Group Oyj Announces Appointment of Jouni Toijala as Board Director and Member of Compensation and Nomination Committee Qt Group Oyj announced at annual General Meeting held on April 14, 2026 Jouni Toijala was elected as a new member, all based on their respective consent for a new term ending at the close of the 2027 Annual General Meeting. At the Organizing Meeting held after the General Meeting, Robert Ingman was elected as Chair of the Board and Mikko Marsio was elected as Vice Chair of the Board. The Board decided on the composition of the Board Committees as follows: Audit Committee: Elina Anckar (Chair), Mikko Marsio and Marika Auramo. Compensation and Nomination Committee: Matti Heikkonen (Chair), Robert Ingman and Jouni Toijala. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €20.08, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total loss to shareholders of 72% over the past three years. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: €1.25 (vs €2.26 in FY 2024) Full year 2025 results: EPS: €1.25 (down from €2.26 in FY 2024). Revenue: €216.8m (up 3.7% from FY 2024). Net income: €31.8m (down 45% from FY 2024). Profit margin: 15% (down from 27% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Dec 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Ankündigung • Nov 18
Qt Group Introduces Support for NVIDIA CUDA Safety and Coding Guidelines Qt Group has launched a tool that automatically checks if programs using NVIDIA's accelerated computing follow safety rules for NVIDIA CUDA coding. Launched in Axivion 7.11, the feature allows developers in safety-critical industries to more quickly build reliable, compliant applications that feature advanced graphics and AI for use cases like self-driving cars, medical scanners, and robots. Axivion is a toolset for running static code analysis and architectural verification in C/C++. While version 7.10 added support for CUDA environments, 7.11 automates enforcement of NVIDIA's CUDA C++ coding guidelines. This native support will allow companies to quickly validate their code against an industry-recognized standard in safety-certifiable projects. In the long run, this helps developers detect bugs earlier, minimize technical debt, and reduce compliance gaps across GPU-accelerated code. Using Axivion for CUDA, developers can now: Automate checks of CUDA code against industry standard safety and security rules such as MISRA, CERT, NVIDIA CUDA C++ coding guidelines, as well as custom company guidelines. Gain full traceability and evidence-based audit trails to detect problems early, including dead code, code duplication, unsafe dependencies and Freedom from Interference (FFI) across standard C++ and CUDA source code. This ensures compliance with strict safety standards like ISO 26262, IEC 62304, and IEC 61508. Ensure software architecture stays consistent and safe for use in regulated environments. Axivion is already used across all regulated industries to automatically check software code and architectures for errors, complexity, and compliance with safety standards. Future updates will continue to enrich features related to areas like memory safety checks and data-flow analysis. Ankündigung • Oct 17
Qt Group Plc Lowers Earnings Guidance for 2025 Qt Group Plc lowered earnings guidance for 2025. The change in Qt Group's customers' purchasing behavior caused by general economic uncertainty has significantly slowed revenue growth across all areas of the company's business. Contrary to expectations, larger deals worth several million euros have not been signed during the third quarter. The company estimates that the average deal size will not significantly increase during the rest of the year 2025 either. New outlook for 2025: The company estimated that full-year net sales for 2025 will increase by 3%-10% year-on-year at comparable exchange rates. The outlook includes the estimated impact of the acquisition of IAR Systems Group on Qt Group's net sales and operating profit for the remainder of the year. Previous outlook for 2025 (as issued on April 23, 2025): The company estimated that full-year net sales for 2025 will increase by 10%-20% year-on-year at comparable exchange rates. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €38.66, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Software industry in the United Kingdom. Negligible returns to shareholders over past three years. Ankündigung • Aug 28
Qt Group Launches New Version of the Qt Framework, Qt for Mosa Qt Group has launched a new version of the Qt Framework, Qt for MOSA, that has completed the Future Airborne Capability Environment®?, or FACE®?, Certification process. This means user interface (UI) applications for defense ground and air vehicle programs can benefit from the same advanced functionality and cost efficiencies that Qt brings to cross-platform UI development in other industries. The FACE Technical Standard is an open standard to streamline the software computing environment for defense systems. It was created by the FACE Consortium, US and UK government, and industry collaboration, which was formed to address the need for frequent modular upgrades in software systems. The requirements of the FACE Technical Standard ensure the development of software components that are portable, interoperable, and reusable across different platforms and vendors. This makes the Qt Framework an ideal match, given its rich history of interoperability across many operating systems and embedded devices. With FACE Conformance, the Qt Framework can now be used to develop component applications that integrate into complex composite systems like armored vehicles and airborne surveillance sensor suites. Built on a modified version of Qt, the FACE Conformant framework provides an abstraction above the FACE Operating System Segment, which only provides a limited set of low-level system and graphics calls. This makes it easier for defense contractors to rapidly build screen-reliant software for drones, sensors, radars, and more. The framework is especially targeted at devices without safety requirements, but which do require complex and powerful display capabilities. The conformance package provides both the code, as well as an example application demonstrating how Qt applications can be created. The Qt Framework is already used extensively in the augmentation of defense UI capabilities where FACE Conformance has not been required, including devices such as radar, electro-optical and infrared sensors, electronic warfare, drone control, vehicle instrument clusters, and more. Ankündigung • Aug 08
Qt Group Plc Reaffirms Earnings Guidance for the Year 2025 Qt Group Plc reaffirmed earnings guidance for the year 2025. For the year, the company expects net sales to increase by 10% to 20% year-on-year at comparable exchange rates. New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: €0.20 (vs €0.30 in 1Q 2024) First quarter 2025 results: EPS: €0.20 (down from €0.30 in 1Q 2024). Revenue: €47.2m (up 4.8% from 1Q 2024). Net income: €4.97m (down 35% from 1Q 2024). Profit margin: 11% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to €44.32, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Software industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: €0.20 (vs €0.30 in 1Q 2024) First quarter 2025 results: EPS: €0.20 (down from €0.30 in 1Q 2024). Revenue: €47.2m (up 4.8% from 1Q 2024). Net income: €4.97m (down 35% from 1Q 2024). Profit margin: 11% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €57.70, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €110 per share. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €63.95, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Software industry in the United Kingdom. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €116 per share. Ankündigung • Mar 01
Qt Group Oyj, Annual General Meeting, Apr 09, 2025 Qt Group Oyj, Annual General Meeting, Apr 09, 2025, at 10:00 FLE Standard Time. Location: at the latva hall in pikku-finlandia, address karamzininranta 4, 00100 helsinki, helsinki Finland Ankündigung • Feb 15
Qt Group plc Provides Earnings Guidance for the Full-Year 2024 Qt Group Plc provided earnings guidance for the full-year 2024. For the period, the company estimated full-year net sales for 2025 will increase by 15-25% year-on-year at comparable exchange rates and that operating profit margin (EBITA %) will be 30-40% in 2025. Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: €2.26 (vs €1.40 in FY 2023) Full year 2024 results: EPS: €2.26 (up from €1.40 in FY 2023). Revenue: €209.1m (up 16% from FY 2023). Net income: €57.3m (up 62% from FY 2023). Profit margin: 27% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Jan 23
QT Group Launches AI Assistant to Streamline Cross-Platform UI Development Qt Group is launching Qt AI Assistant, an experimental tool for streamlining cross-platform user interface (UI) development. Its goal is to reduce repetitive UI development tasks that often do not involve coding. This allows developers to spend more time on productive and creative aspects of writing innovative code. The tool supports self-hosted language models (via cloud or locally) without the need for a third-party AI assistance provider. Qt AI Assistant will offer advice on building application UIs with Qt Framework and automates manual tasks like writing unit test cases, code documentation, and repetitive code. Users request this advice with a prompt window and quick-access commands inside the code editor of Qt Creator (used for creating and modifying cross-platform apps). The tool is compatible with various coding languages like C++ and Python, but specifically trained on thousands of real-world use cases of QML and Qt Quick - the Qt Framework's language and toolkit for designing how apps look and behave. This means developers can, for example, generate the needed repetitive QML code while building user interfaces, freeing up time for more complex coding tasks. Qt AI Assistant will accommodate whichever language model developers prefer to deploy with. The initial release is pre-configured to support the following models out of the box: Claude 3.5 Sonnet (chat + completions); OpenAI GPT-4o (chat + completions); Llama 3.3 70B QML (chat); Code Llama 13B QML (code completions); Code Llama 7B (code completions). The flexibility of Qt AI Assistant will allow for different content generation requests to be routed separately to different models. For example, a developer can route QML code to one specialised LLM, while routing other code to another LLM. This lets developers always obtain code suggestions from the best-performing models for their programming language, instead of whichever LLM is available through a third-party AI assistant provider. Qt AI Assistant will also address security concerns for embedded devices and high-end desktop applications built with Qt Framework. By supporting self-hosted models, companies can perform private cloud deployments of LLMs, which avoids code leaks and safeguards intellectual property. Developers can even choose to only trigger Qt AI Assistant manually, to avoid unwanted disruptions while coding. Later this year, Qt Group will release fine-tuned versions of LLMs - starting with Llama 3.3 70 B and Code Llama 13B - trained on 4,000+ human-created and validated QML code snippets. These will be free to download on the Hughes Face portal, including for open-source Qt developers to connect with third-party assistants. New Risk • Jan 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Ankündigung • Nov 02
Qt Group Plc Revises Earnings Guidance for 2024 Qt Group Plc revised earnings guidance for 2024. The Company specified guidance for 2024 to indicate that the full-year 2024 revenue will grow by 20% - 25% at comparable exchange rates year-on-year. Previous guidance: The company estimates that full-year net sales for 2024 will increase by 20% - 30% year-on-year at comparable exchange rates. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €71.47, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Software industry in the United Kingdom. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €130 per share. Recent Insider Transactions • Aug 23
Insider recently sold €945k worth of stock On the 21st of August, Tuukka Turunen sold around 10k shares on-market at roughly €94.50 per share. This transaction amounted to 7.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €90.85, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 24x in the Software industry in the United Kingdom. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €130 per share. New Risk • Aug 14
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Aug 14
Senior VP of Product Management recently sold €1.8m worth of stock On the 9th of August, Juhapekka Niemi sold around 19k shares on-market at roughly €90.87 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.0m more than they bought in the last 12 months. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.53 (vs €0.31 in 2Q 2023) Second quarter 2024 results: EPS: €0.53 (up from €0.31 in 2Q 2023). Revenue: €53.3m (up 23% from 2Q 2023). Net income: €13.4m (up 69% from 2Q 2023). Profit margin: 25% (up from 18% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 14
Now 23% undervalued Over the last 90 days, the stock has risen 7.5% to €84.75. The fair value is estimated to be €110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Ankündigung • Apr 27
Qt Group Oyj Provides Revenue Guidance for 2024 Qt Group Oyj provided revenue guidance for 2024. Company estimate that full-year net sales for 2024 will increase by 20-30% year-on-year at comparable exchange rates. Recent Insider Transactions • Mar 20
Senior VP of Product Management recently sold €965k worth of stock On the 15th of March, Juhapekka Niemi sold around 12k shares on-market at roughly €79.13 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Ankündigung • Mar 13
Qt Group Plc Approves Management Appointments Qt Group Plc at its Annual General Meeting held on March 12, 2024, elected Elina Anckar as Board member. At the Organizing Meeting held after the General Meeting, Mikko Marsio was elected as Vice Chair of the Board. The Board decided on the composition of the Board Committees as follows: Audit Committee: Mikko Marsio (Chair), Mikko Välimäki and Elina Anckar. Compensation and Nomination Committee: Matti Heikkonen (Chair), Robert Ingman and Marika Auramo. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €77.75, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 20x in the Software industry in the United Kingdom. Total loss to shareholders of 6.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €117 per share. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: €1.40 (vs €1.36 in FY 2022) Full year 2023 results: EPS: €1.40 (up from €1.36 in FY 2022). Revenue: €181.1m (up 17% from FY 2022). Net income: €35.5m (up 3.4% from FY 2022). Profit margin: 20% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Feb 16
Qt Group Oyj Provides Earnings Guidance for the Year 2024 Qt Group Oyj provided earnings guidance for the year 2024. The company estimated that full-year net sales for 2024 will increase by 20%–30% year-on-year at comparable exchange rates and that operating profit margin (EBITA %) will be 25%–35% in 2024. Buying Opportunity • Dec 04
Now 21% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be €76.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 27% per annum over the same time period. Buying Opportunity • Nov 11
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €74.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €56.28, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.41 per share. Ankündigung • Oct 28
Qt Group Provides Revenue Guidance for the Full Year 2023 Qt Group provides revenue guidance for the full year 2023. The company refined the guidance for 2023 so that full-year net sales for 2023 will increase by 20%-25% year-on-year at comparable exchange rates and operating profit margin (EBITA %) will be 25%-30% in 2023. The company previous guidance was that full-year net sales for 2023 will increase by 20%-30% year-on-year at comparable exchange rates and that operating profit margin (EBITA %) will be 20%-30% in 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.22 (vs €0.28 in 3Q 2022) Third quarter 2023 results: EPS: €0.22 (down from €0.28 in 3Q 2022). Revenue: €38.0m (up 7.8% from 3Q 2022). Net income: €5.49m (down 21% from 3Q 2022). Profit margin: 14% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 26
Qt Group Oyj to Report Nine Months, 2023 Results on Oct 26, 2023 Qt Group Oyj announced that they will report nine months, 2023 results on Oct 26, 2023 Ankündigung • Aug 04
Qt Group Oyj Provides Sales Guidance for the 2023 Qt Group Oyj provided sales guidance for the 2023. for the year, the company expects net sales for 2023 will increase by 20%-30% year-on-year at comparable exchange rates. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: €0.31 (vs €0.41 in 2Q 2022) Second quarter 2023 results: EPS: €0.31 (down from €0.41 in 2Q 2022). Revenue: €43.5m (up 17% from 2Q 2022). Net income: €7.91m (down 22% from 2Q 2022). Profit margin: 18% (down from 28% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €80.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 55%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Ankündigung • Jul 22
Qt Group Oyj to Report First Half, 2023 Results on Aug 03, 2023 Qt Group Oyj announced that they will report first half, 2023 results on Aug 03, 2023 Recent Insider Transactions • May 06
General Counsel recently sold €88k worth of stock On the 3rd of May, Mika Pälsi sold around 1k shares on-market at roughly €81.17 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: €0.17 (vs €0.15 in 1Q 2022) First quarter 2023 results: EPS: €0.17 (up from €0.15 in 1Q 2022). Revenue: €40.0m (up 27% from 1Q 2022). Net income: €4.39m (up 14% from 1Q 2022). Profit margin: 11% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 55% per year whereas the company’s share price has increased by 50% per year. Buying Opportunity • Apr 03
Now 22% undervalued Over the last 90 days, the stock is up 47%. The fair value is estimated to be €82.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be €82.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Feb 24
Now 24% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be €83.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: €1.36 (vs €0.91 in FY 2021) Full year 2022 results: EPS: €1.36 (up from €0.91 in FY 2021). Revenue: €155.4m (up 28% from FY 2021). Net income: €34.3m (up 53% from FY 2021). Profit margin: 22% (up from 19% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 16
Qt Group Oyj Provides Earnings Guidance for the Year 2023 Qt Group Oyj provided earnings guidance for the year 2023. The company estimate that full-year net sales for 2023 will increase by 20-30% year-on-year at comparable exchange rates and that operating profit margin (EBITA-%) will be 20-30% in 2023. Buying Opportunity • Feb 08
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €73.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €62.39, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total returns to shareholders of 212% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €73.89 per share. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €47.23, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Software industry in the United Kingdom. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €71.69 per share. Buying Opportunity • Nov 16
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €67.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 21% share price gain to €51.21, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Software industry in the United Kingdom. Total loss to shareholders of 63% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €72.01 per share. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.28 (vs €0.18 in 3Q 2021) Third quarter 2022 results: EPS: €0.28 (up from €0.18 in 3Q 2021). Revenue: €35.3m (up 31% from 3Q 2021). Net income: €6.94m (up 58% from 3Q 2021). Profit margin: 20% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Software industry in the United Kingdom. Ankündigung • Oct 28
Qt Group Oyj to Report Fiscal Year 2022 Results on Feb 16, 2023 Qt Group Oyj announced that they will report fiscal year 2022 results on Feb 16, 2023 Ankündigung • Sep 28
Qt Group Oyj, Annual General Meeting, Mar 14, 2023 Qt Group Oyj, Annual General Meeting, Mar 14, 2023. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €54.84, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 34x in the Software industry in the United Kingdom. Total returns to shareholders of 323% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.41 (vs €0.34 in 2Q 2021) Second quarter 2022 results: EPS: €0.41 (up from €0.34 in 2Q 2021). Revenue: €37.1m (up 9.4% from 2Q 2021). Net income: €10.2m (up 23% from 2Q 2021). Profit margin: 28% (up from 24% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 46%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €60.18, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 34x in the Software industry in the United Kingdom. Total returns to shareholders of 364% over the past three years. Reported Earnings • May 03
First quarter 2022 earnings released: EPS: €0.15 (vs €0.16 in 1Q 2021) First quarter 2022 results: EPS: €0.15. Revenue: €31.6m (up 35% from 1Q 2021). Net income: €3.85m (flat on 1Q 2021). Profit margin: 12% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 42%, compared to a 28% growth forecast for the industry in the United Kingdom. Buying Opportunity • Apr 28
Now 30% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be €131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • Apr 11
Now 23% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be €151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Buying Opportunity • Mar 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% per annum over the last 3 years. The company has become profitable over the last 3 years. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.91 (up from €0.54 in FY 2020). Revenue: €121.6m (up 53% from FY 2020). Net income: €22.4m (up 75% from FY 2020). Profit margin: 18% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 34%, compared to a 29% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS €0.34 (vs €0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €34.3m (up 90% from 2Q 2020). Net income: €8.27m (up 195% from 2Q 2020). Profit margin: 24% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has increased by 156% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS €0.53 (vs €0.015 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €79.9m (up 37% from FY 2019). Net income: €12.8m (up €13.2m from FY 2019). Profit margin: 16% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has increased by 146% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 23%, compared to a 7.9% growth forecast for the Software industry in the United Kingdom. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue beats expectations Revenue exceeded analyst estimates by 11%. Over the next year, revenue is forecast to grow 23%, compared to a 30% growth forecast for the Software industry in the United Kingdom. 
