Slide 1: Fourth quarter of 2020 – Financial result Jan – Dec 2020
Fourth quarter of 2020 Financial result Jan – Dec 2020 Helena Holmgren President & CEO Stockholm, Sweden, February 11, 2021
Slide 2: Fourth quarter 2020 summary
Fourth quarter 2020 summary • Continued high market activity • Global framework agreement signed with Carrefour • Deliveries of large customer contracts continued as planned and several add-on orders received • No major installation delays following new lockdowns in Europe • Increasingly challenging
Slide 3: Record high net sales for an individual quarter
Fourth quarter financials; Record high Net sales for an individual quarter • Net sales of 680 MSEK, +186% compared with Q4 of 2019 • Several large customer projects on-going • Top 3 contributors; • USA • France • Canada 3 ©2021 Pricer
Slide 4: Accelerating market demand following COVID-19; need for automation and digitalization
Fourth quarter financials; Accelerating market demand following COVID-19; need for automation and digitalization • Order intake of 454 MSEK • Follow-up orders for several of the large on- going customer projects • Good inflow of small and medium size orders • Top 3 contributors; • USA • France • Net
Slide 5: Stable gross margin with pressure from freight costs
Fourth quarter financials; Stable gross margin with pressure from freight costs 5 ©2021 Pricer
Slide 6: Continued strong profitability
Fourth quarter financials; Continued strong profitability • Operating profit of 69 MSEK, equal to operating margin of 10.2% • Increased operating expenses, whereof a lower capitalization rate of R&D expenses and restructuring costs distorts comparability with previous quarters by approximately 10 MS
Slide 7: Strong cash flow following timing of payment flows
Fourth quarter financials; Strong cash flow following timing of payment flows • Reduced inventory levels as consequence of high delivery volumes • Favorable project-based payment terms • Cash position of 262 MSEK at end of Q4 • Board of Directors propose a 25% increase of the dividend to 1 SEK per s
Slide 8: January – December 2020
January – December 2020 Strong growth in several markets; notably USA, Netherlands, Norway and Canada Order intake Net sales Operating profit Operating margin 1,588 1,759 155.2 8.8 SEK M SEK M SEK M % (1,504) (1,003) (100.4) (10.0) 8 ©2021 Pricer
Slide 9: Why invest in Pricer?
Why invest in Pricer? • Strong underlying market growth; digitalization of physical retail considered necessary for maintaining competitiveness • Best system on the market Unique and hard to copy technical solution; based on reliable, scalable, energy-efficient and interference-free communication