You can find the views of QPR’s new CEO Matti Erkheikki on the company here.
The Q1 result was better than our expectations, as the cost structure was slightly lighter than we expected. It is also worth noting that the income related to the Metrics arrangement (0.616 MEUR) was now recorded all at once in Q1, whereas in our forecasts, 0.5 MEUR was scheduled for Q1 and the remaining tails for Q4’26 and 2027. Stripped of this one-off income, Q1’s operational performance was a notch softer than our expectations, and particularly the development of SaaS revenue (+3% and -5% from the previous quarter) remained subdued. More detailed comments will follow in Monday’s earnings update.
