Slide 1: Pricer AB (publ) Fourth quarter 2019
Pricer AB (publ) Fourth quarter 2019 Helena Holmgren President & CEO Stockholm, February 13, 2020
Slide 2: Progress Over the Past 5 Years
Progress Over the Past 5 Years Dividend Dividend Dividend Dividend Dividend* 0.25 SEK 0.50 SEK 0.50 SEK 0.60 SEK 0.80 SEK *The Board will propose that the AGM approve a dividend of SEK 0.80 per share for the financial year 2019. 2 ©2019 Pricer
Slide 3: Q4 2019; Record-high Order intake and Stable Profitability
Q4 2019; Record-high Order intake and Stable Profitability Order intake Net sales Operating profit Operating margin 843 238 24.0 10.1 SEK M SEK M SEK M % (274) (386) (29.0) (7.5) 3 ©2019 Pricer
Slide 4: Full year 2019; Another Record-year in terms of Profitability and Order intake
Full year 2019; Another Record-year in terms of Profitability and Order intake, Generating Positive Outlook for Future Order intake Net sales Operating profit Operating margin 1 504 1 003 100.4 10.0 SEK M SEK M SEK M % (1 268) (1 195) (89.1) (7.5) 4 ©2019 Pricer
Slide 5: Continued High Activity on the Market. Record-order Concludes the Year.
Continued High Activity on the Market. Record-order Concludes the Year. • Record-high follow-up order from US customer in December of about 625 MSEK. • Continued strong underlying interest in store digitalization with broad geographic distribution. • Order backlog of SEK 731 M as of December 31, of
Slide 6: Growth from Small- & Midsized Customer Projects, but Tough Comparison to 2018
Growth from Small- & Midsized Customer Projects, but Tough Comparison to 2018 • Large US customer project contributed just over SEK 100 M in Q4 2018. • Italy, Norway and Canada exhibit high growth rates in Q4. The project roll-out of the Italian customer Tosano was completed in Q4. • Delay in the ex
Slide 7: Stable development of Gross Profit generates strong Gross Margin
Stable development of Gross Profit generates strong Gross Margin • Favorable product and contract mix, comparable to Q4 2018. • Outcome of product warranties and obsolescence of inventory was lower than expected, which had a positive impact of just over 2 percentage points. • Over capacity in produc
Slide 8: Continued Strong Profitability Results in Operating Margin above 10%
Continued Strong Profitability Results in Operating Margin above 10% • High gross margin compensate for the decrease in net sales and results in continued strong profitability. • Increased operating expenses as a result of investments in product development and a strengthened market presence. • Stab
Slide 9: Record-high Cash Flow in Q4 isolated
Record-high Cash Flow in Q4 isolated • Positive cash flow from operating activities of SEK 123 M. • Decreased capital tie-up in the quarter as a result of reduced inventory and accounts receivables as well as increased accounts payables. • Continued high level of stock for maintaining a good scalabi
Slide 10: Summary
Summary • Record-high order backlog of SEK 731 M indicating clear evidence of continued strong market growth. • Strong drivers for accelerating in-store digitalization beat the outdated paper label. • Low penetration rate of ESL-systems on most markets. • Enlarged customer base spread over several g
Slide 11: Why Invest in Pricer?
Why Invest in Pricer? • Strong underlying market growth; digitalization of physical retail considered necessary for maintaining competitiveness. • Best system on market → Unique and hard to copy technical solution; based on reliable, scalable, energy-efficient and interference-free communication. •
Slide 12: PRICER |=)
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