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Apr 14, 2021
The Qt Group provides additional financial information on the acquisition of the business operations of froglogic GmbH
Stock Exchange Release April 14, 2021 2:00 pm (EEST)
With the stock exchange release of April 13, 2021, Qt Group announced that is has acquired all the shares in Germany-based froglogic GmbH. The Qt Group supplements the financial information regarding the acquired entity with the following information:
- Revenue 2020: EUR 6.5 million (2019: EUR 6.4 million)
- Earnings before interests and taxes (EBIT) 2020: EUR 2.7 million (2019: EUR 2.7 million)
- EBIT - margin 2020: 41.3% of revenues (2019: 42.6% of revenues)
- Trade receivables 31.12.2020: EUR 0.5 million (2019: EUR 0.6 million)
- Cash & equivalents 31.12.2020: EUR 2.4 million (2019: EUR 3.0 million)
- Total Assets 31.12.2020: EUR 3.2 million (2019: EUR 3.8 million)
Further information
Juha Varelius, CEO, tel. +358 9 8861 8040
DISTRIBUTION
NASDAQ Helsinki
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www.qt.io
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