QTCOMNasdaq HelsinkiSoftware - ApplicationIFRS · EUR

Qt Group Oyj

Qt Group is a software company specializing in cross-platform development tools for embedded systems and applications. The company provides solutions that enhance productivity in software development and user interface design, catering to industries such as automotive, consumer electronics, and industrial automation. Qt Group is known for its robust software design, development, and quality assurance tools, which are crucial in the rapidly growing IoT market. The company actively pursues both organic growth and strategic acquisitions to expand its market reach and product offerings.

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Revenue216m EUR
+3.5 %y/y
Operating profit (EBIT)42.5m EUR
−32.7 %y/y
EBIT margin19.7%
−10.5 ppy/y
Net income31.8m EUR
−44.5 %y/y
Free cash flow39.1m EUR

Fiscal year 2025 · change from previous year

Development 2020–2025

050100150200250m EUR2020: 79 m EUR2020: EBIT 17 m EUR20202021: 121 m EUR2021: EBIT 29 m EUR20212022: 155 m EUR2022: EBIT 37 m EUR20222023: 181 m EUR2023: EBIT 47 m EUR20232024: 209 m EUR2024: EBIT 63 m EUR20242025: 216 m EUR2025: EBIT 43 m EUR202521643
RevenueOperating profit (EBIT)
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Business

Share of revenue
License Sales80 %

Includes developer and distribution licenses for software tools.

Consulting10 %

Professional services for software development projects.

Support and Maintenance10 %

Ongoing support and updates for software products.

Customers

Qt Group serves a diverse range of industries, including automotive, consumer electronics, and industrial automation. Its primary customers are companies that require advanced software development tools and user interface design capabilities. These customers value Qt's ability to enhance productivity and meet the growing demands of complex software systems. The company's solutions are particularly attractive to businesses in the IoT sector, where rapid development cycles and quality assurance are critical.

Automotive

Buys software tools for in-vehicle systems and interfaces.

Consumer Electronics

Uses Qt for designing user interfaces on devices.

Industrial Automation

Requires embedded systems development tools.

IoT

Demands rapid development and quality assurance tools.

Strategy

Qt Group's strategy focuses on expanding its product offerings through both organic growth and strategic acquisitions. The company aims to increase its market share in the IoT and embedded systems sectors by enhancing its software development and quality assurance tools. Strategic acquisitions, such as the recent purchase of IAR Systems Group, are intended to broaden its customer base and product capabilities. The company is also transitioning towards a SaaS-based licensing model to align with industry trends and improve revenue stability.

Expand product offeringsMedium term

To capture more market share and meet diverse customer needs.

Transition to SaaS modelLong term

To improve revenue stability and align with industry trends.

Geography

Qt Group operates globally, with a significant presence in Europe and North America. The company is headquartered in Finland, which serves as a strategic location for accessing key markets in the EU. Its geographic reach allows it to tap into diverse markets, including the rapidly growing Asian technology sector. The company's operations are influenced by exchange rate fluctuations, particularly between the US dollar and euro, impacting its net sales and profitability.

Risks

Qt Group faces several risks, including exchange rate fluctuations that can significantly impact net sales and profitability. The integration of acquired companies poses challenges, such as aligning business operations and managing personnel changes. The company operates in a highly competitive industry where rapid technological advancements can affect demand for its products. Additionally, delays in customers' production processes can reduce distribution license revenues, impacting overall financial performance.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Exchange rate fluctuations1Technological advancements2Integration of acquisitions3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Exchange rate fluctuationsImpact: HighLikelihood: Medium

    Impact on net sales and profitability due to currency volatility.

  2. Technological advancementsImpact: HighLikelihood: Medium

    Potential to reduce demand for current products.

  3. Integration of acquisitionsImpact: MediumLikelihood: Medium

    Challenges in aligning operations and managing personnel.

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Accounting

Judgemental items
Exchange rate fluctuations

Affect reported net sales and comparability.

Impact: high

Revenue recognition timing

Long contract turnaround times cause quarterly fluctuations.

Impact: medium

Fair value adjustments

Impact from acquisitions and potential goodwill impairment.

Impact: medium

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Last updated: 24/09/2026