Slide 1: First quarter of 2022 Financial results Jan – Mar 2022
First quarter of 2022 Financial results Jan – Mar 2022 Magnus Larsson Susanna Zethelius Acting CEO Group CFO Stockholm, Sweden, April 26, 2022
Slide 2: Q1 report highlights
Q1 report highlights ! Solid and satisfactory growth of revenues and order intake 1 vs Q1 2021 despite challenging market conditions Previously communicated cost increases remained or 2 increased affecting product margins The Canadian market is showing very strong growth across 3 several customer ac
Slide 3: Market update
Market update ! Inflation across the markets is driving ESL take-up as the 1 need to manage frequent price increase grows at a very high pace Retailer interest in in-store digital transformation is growing 2 fast and they require a flexible, energy efficient & reliable ESL system 3 Digital solutions
Slide 4: First quarter 2022
First quarter 2022 • Continued growth in EMEA and Americas regions Net Sales per region Q1 -22 vs Q1 -21 Order intake Net sales 551 466 SEK M SEK M (443) (393) Americas EMEA APAC SEK 163 M SEK 295 M SEK 8 M (21) (130) (242) Operating profit Operating margin -9.7 -2.1 SEK M % (17.3) (4.4) 4 © 2022 PR
Slide 5: Second best order intake in a quarter in Pricer history
First quarter financials • Second best order intake in a quarter in Pricer history • Order intake of 551 MSEK, +24% vs Q1 2021 • Demand for ESL accelerating on Canadian market • Continued strong demand in France and Norway • Large order received from Plus Retail, Netherlands • Order backlog of 464 M
Slide 6: Strong Q1 revenue, continued logistics challenges
First quarter financials • Strong Q1 revenue, continued logistics challenges • Net sales of 466 MSEK, +19% vs Q1 2021 • Top 3 contributors; • Canada • France • Norway • Spread across a wide range of customers 6 © 2022 PRICER AB - Restricted 6
Slide 7: Gross margin pressured by components and logistics situation
First quarter financials • Gross margin pressured by components and logistics situation 7 © 2022 PRICER AB - Restricted 7
Slide 8: Pressure on gross margin reducing profitability
First quarter financials • Pressure on gross margin reducing profitability 8 © 2022 PRICER AB - Restricted 8
Slide 9: Global logistics situation causing increased lead times
First quarter financials • Global logistics situation causing increased lead times • No improvement in global logistics situation during Q1 • Temporary expansion of credit facility to manage continued challenges in supply chain and logistics • Reviewing our supply chain to optimize flows 9 © 2022 PR
Slide 10: Summary
Summary 1 The need for in-store digitalization in all forms is growing across most markets creating a demand for Pricer solutions ! To capture customer demand with a target to grow faster 2 than the market an updated strategy will soon be presented “In-Store Communication” will be at the center of t