Pricer Ab Class B · OMXSTO:PRIC_B
Pricer Ab Class B — Q3 2019 Earnings Presentation
11 slides from Pricer Ab Class B's earnings presentation, Oct 25, 2019
Slide 1: Pricer AB (publ) Third quarter 2019
Pricer AB (publ) Third quarter 2019 Helena Holmgren President & CEO Stockholm, October 25, 2019
Slide 2: Third quarter 2019; Continued Good Profitability, Tough Comparison versus 2018
Third quarter 2019; Continued Good Profitability, Tough Comparison verus 2018 Order intake Net sales Operating profit Operating margin 222 233 24.8 10.7 SEK M SEK M SEK M % (286) (406) (31.0) (7.6) 2 ©2019 Pricer
Slide 3: January - September 2019; Fewer Large Projects, but Improved Profitability
January - September 2019; Fewer Large Projects, but Improved Profitability Order intake Net sales Operating profit Operating margin 661 765 76.4 10.0 SEK M SEK M SEK M % (994) (808) (60.1) (7.4) 3 ©2019 Pricer
Slide 4: Steady Order Intake, Level Does not Fully Reflect the Continued High Activity on the Market
Steady Order Intake, Level Does not Fully Reflect the Continued High Activity on the Market • Large order from the Italian grocery store Tosano amounting to around SEK 60 M • Continued strong underlying interest in store digitalization with broad geographic distribution • Order backlog of SEK 132 M
Slide 5: 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 200 M in Q3 2018 • Italy, Canada and Belgium exhibit high growth rates in Q3 • Fewer ongoing exchange and upgrade programs on the French market • Continued expansion of
Slide 6: 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 Q3 2018 • Over capacity in production and supply due to the trade negotiations between the US and China has enabled lower purchase prices and favorable access to transport to lower pr
Slide 7: Operating Margin Remains Above 10%
Operating Margin Remains Above 10% • High gross margin compensate for the decrease in net sales and results in continued strong profitability • Positive currency effects due to weak SEK • Increased operating expenses as a result of investments in product development and a strengthened market presenc
Slide 8: Capital Tie-up Remains High
Capital Tie-up Remains High • Negative cash flow from operating activities of SEK -2 M • Continued high 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 boat freigh
Slide 9: Summary
Summary • Stability and profitability in the underlying flow of small and medium-sized orders; reduces dependence on major customer projects for the business expansion • Strong drivers for accelerating in-store digitalization, the paper label has no chance to keep up with the development • Low penet
Slide 10: 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 • St
Slide 11: PRICER
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