Slide 1: Pricer AB (publ) Second quarter 2019
Pricer AB (publ) Second quarter 2019 Helena Holmgren President & CEO Stockholm, July 18, 2019
Slide 2: Continued Sales Growth and Increased Profitability
Second quarter 2019; Continued Sales Growth and Increased Profitability Order intake Net sales Operating profit Operating margin 230 271 34.1 12.6 SEK M SEK M SEK M % (520) (222) (20.1) (9.0) 2
Slide 3: Continued Strong Demand of Digital In-store Solutions
Continued Strong Demand of Digital In-store Solutions Interest in solutions for in-store digitalization continues to increase on several geographic markets Q2 2018 included a large order from US customer of >300 MSEK No major agreements signed in Q2, but continued strong underlying demand Order back
Slide 4: Continued Underlying Growth, Large Customer Projects Generate Volatility Between Quarters
Continued Underlying Growth, Large Customer Projects Generate Volatility Between Quarters Largest market is still Europe, especially France The Americas, Asia and the Pacifics are growing at high percentages, though from low levels, due to a stronger market presence in a number of geographic areas C
Slide 5: Increasing Trend of both Gross Profit and Gross Margin
Increasing Trend of both Gross Profit and Gross Margin Gross profit, SEK M Continued favorable product and contract mix, 100 350 90 300 comparable to Q2 2018 80 70 250 60 200 Reduced prices for standard components and a 50 40 150 higher degree of automation in production 30 20 100 contribute positiv
Slide 6: Strong Increase of Profitability and Operating Margin
Strong Increase of Profitability and Operating Margin Sales growth and improved gross margin lift profitability Positive currency effects Increased operating expenses as a result of investments in product development and a strengthened market presence Stable foundation for continued growth and marke
Slide 7: Capital Tie-up Puts Pressure on Cash Flow
Capital Tie-up Puts Pressure on Cash Flow ● Negative cash flow from operating activities of -27 MSEK ● Increased capital tie-up as a result of: ● Increased stock for maintaining a good scalability to meet expected lead times to customers with a broad geographical spread ● Increased utilization of bo
Slide 8: Summary
Summary ● Strong drivers for accelerating in-store digitalization ● Low penetration rate of ESL-systems on most markets ● Market growth; major interest in Pricer’s solutions ● Larger customer base spread over several geographical markets → increased stability of underlying revenue streams but contin
Slide 9: Why Invest in Pricer?
Why Invest in Pricer? ● Strong underlying market growth; digitization of physical retail considered necessary for maintaining competititveness ● Best system on market → Unique and hard to copy technical solution; based on reliable, scalable, energy-efficient and interference-free communication ● Str
Slide 10: Pricer - Bringing Trust to Retail
PRICER BRINGING TRUST TO RETAIL