According to preliminary figures which have not been audited,
The company estimates the operating profit margin (EBITA-%) to be close to 30 % or slightly above in 2023.
According to the company's guidance, released on
Thus, the revenue growth in 2023 will stay behind from the previous guidance, while operating profit margin (EBITA-%) is at the guidance high end or slightly above.
The weaker growth than estimated is caused by the results of the professional services that didn't reach the company's earlier forecast and on the other hand the maturity in new developer licenses was emphasized even more than estimated on the 1-year licenses instead of multiyear contracts.
Simultaneously, the last quarter of 2023 was the best in company's history and the company sold a record amount of new developer licenses. However, the strong performance at the end of the year was not enough to lift the net sales enough to meet the earlier guidance.
The company will share more details about 2023 financial development and gives financial guidance for 2024 on
Further information:
President and CEO
Distribution:
Nasdaq
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https://news.cision.com/qt-group/r/insider-information--profit-warning--net-sales-growth-in-2023-stays-slightly-below-the-guidance--ope,c3904489
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