Operator

Hello, everybody, and welcome to QT Group’s Q2 2026 Results Presentation. My name is Herta Eronen. I’m the Communications Lead at Qt Group, and I’m here today with our CEO, Juha Varelius; and our CFO, Ann Zetterberg, who will be presenting the results.

After the presentation, we have time for questions, first starting from the room and then if time permits, then from the line. But without any further ado, let’s get going. Please go ahead, Juha.

Juha Varelius
President & CEO

Thank you, and good morning, everyone, and welcome to Q2 results. My name is Juha Varelius, and I’m CEO of the company. Pretty much same all the agenda, business highlights, market trends, financials by Ann, and then I’m going to talk about the outlook and guidance for 2026 later.

So if we go into the Q2, our net sales grew 19.6% and the quarterly net sales was EUR 61.3 million, an increase of 19.6% so comparable currencies, 20.9%. EBITA margin, EUR 15.1 million and EUR 9.3 million. ARR increased to EUR 160.4 million, and so it was a healthy growth on there.

If we look at the Q2 a bit more detailed. I’m actually pretty happy about our performance since the distribution license sales year-over-year was a bit over EUR 6 million less this year than it was a year before. Last year, we had a EUR 19 million on distribution revenue so that we were able to increase our revenues.