Net sales and operating profit on a par with the previous year
- Consolidated net sales: EUR 70.2 (73.0) million, down 3.8 per cent
- Operating profit EUR 2.0 (2.5) million
- Profitability (EBIT %) 2.9 (3.4) per cent
- Product business accounted for 41.4 (42.5) per cent
- Earnings per share: EUR 0.06 (0.06)
- Consolidated net sales: EUR 21.7 (21.4) million, up 1.4 per cent
- Operating profit EUR 0.9 (1.0) million
- Profitability (EBIT %) 3.9 (4.7) per cent
- Product business accounted for 42.4 (42.3) per cent
- Earnings per share: EUR 0.02 (0.02)
Consolidated net sales and operating profit fell from the previous year’s comparison figures. Net sales decreased in both segments. The decrease can be primarily attributed to exceptional net sales items included in the previous year's comparison figures and which did not exist in the reporting period.
In addition, last year's comparison figures for domestic business included a one-off EUR 2.4 million low-margin maintenance deal for a third-party software product. Excluding the impact of this deal, net sales from domestic business in the quarter were on a par with the previous year.
In the Qt business, the net sales recorded in the reporting period for the five-year deal worth EUR 3.0 million signed in Q2 of last year were EUR 1.1 million lower than in the corresponding period a year earlier. Excluding the impact of this exceptional deal, Qt's net sales grew by 5.8 per cent, even though prolonged negotiations on a number of major new deals have held back growth.
In domestic business, operating profit rose significantly both in the reporting period and in the third quarter. Meanwhile, the Qt business recorded a loss for both the reporting period and Q3, as expected, and as a result the company's net sales fell from previous year's comparison figures.
Overall, Digia expects demand to remain good in all domestic business areas, but anticipates a slight year-on-year decline in net sales in the final quarter. Digia also expects to see at least moderate profitability in its domestic business. The general market uncertainty may, however, reflect on the company's order book and bid volume development.
Net sales of the Qt business are expected to grow in the final quarter, resulting in a year-on-year improvement in Qt's full-year net sales. Digia anticipates Qt's operating profit to be close to zero in the final quarter and to remain in the red for the full year.
Interim Report Q3/2014.pdf
Interim Report presentation Q3/2014.pdf