Strong growth continues in all geographical regions
Implementation of growth strategy continues despite COVID-19
COVID-19causes some recruitment delays
Profitability
Operating result positive driven by strong top line
Q2 includes EUR 0.2 million (0.4) R&D grant in other operating income
H1 2020 Balance Sheet
Consolidated Balance Sheet
M€
30 June,
31 December,
2020
2019
Non-current assets
17,4
19,0
Current assets
Trade receivables
13,5
13,8
Other receivables
6,3
5,3
Cash and cash equivalents
18,0
11,9
Total current assets
37,9
31,0
Total assets
55,3
50,0
Total equity
21,9
16,9
Total long-term liabilities
4,5
4,6
Short-term liabilities
Interest-bearing liabilities
1,7
1,6
Other short-term liabilities
27,2
26,8
Total short-term liabilities
28,9
28,4
Total equity and liabilities
55,3
50,0
Current assets
Trade receivables at end last year's level, no significant, individual risk exposure
Solid cash position
Equity
Net profit of review period +4.4M€, share subsriptions +2.4M€ (option scheme), purchase of own shares -2.1M€ (Management LTI program)
Short-termliabilities
Slight growth in advances received
Outlook 2020
Outlook 2020
The company keeps its outlook unchanged and estimates that net sales in 2020 will increase by more than 20 percent year-on- year at comparable exchange rates and that the operating result will be positive in 2020.
Qt Group Oyj published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 08:28:16 UTC
Canada
Deutschland
España
France
Italia
Schweiz (DE)
United Kingdom
Report
