Slide 1: Pricer AB (publ) First quarter 2019
Pricer AB (publ) First quarter 2019 Helena Holmgren, President & CEO Stockholm, April 25, 2019
Slide 2: Record high net sales for a first quarter and good profitability
First quarter 2019; Record high net sales for a first quarter and good profitability Order intake Net sales Operating profit Operating margin 208 262 17.6 6.7 SEK M SEK M SEK M % (189) (180) (9.0) (5.0) 2
Slide 3: Continued high level of activity in several geographical market
Continued high level of activity in several geographical market Order intake, SEK M 600 1 400 Continuously increasing demand for 1 200 solutions on store digitalization in several 500 geographical markets 1 000 400 No large contracts signed during the first 800 300 quarter but continued strong under
Slide 4: Continued net sales growth
Continued net sales growth Net sales, SEK M 500 1400 Highest ever net sales for a first quarter 1200 Several markets, Italy, Belgium and Norway to 400 1000 mention a few, contributes to the net sales 300 growth in the first quarter 800 600 Several new customers in the customer mix 200 400 100 200 0
Slide 5: Favorable currency movements and decreasing component prices contributes to improved gross margin
Favorable currency movements and decreasing component prices contributes to improved gross margin Gross profit, SEK M Gross Margin, % 90 300 35% 35% 80 250 30% 30% 70 25% 25% 60 200 50 20% 20% 150 40 15% 15% 30 100 10% 10% 20 50 5% 5% 10 0 0 0% 0% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2018 2019 2018 2019 Qu
Slide 6: Improved operating margin increases profitability
Improved operating margin increases profitability Operating profit, SEK M Operating margin, % 40 100 10% 10% 80 30 60 20 5% 5% 40 10 20 0 0 0% 0% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 2018 2019 2018 2019 Qua rte r Rolling 4 qua rter s Qua rte r Rolling 4 qua rter s 6
Slide 7: Continued strong cash flow
Continued strong cash flow Cash flow from operating ● Positive cash flow from operating activities of activities, SEK M SEK 55 M 150 150 ● Continued good control of working capital and 100 100 cash flow 50 50 ● Delivery activity during the quarter combined with the size of the order backlog influenc
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 ● Unique and hard to copy technical solution; based on reliable, scalable, energy- efficient and interference-free communication ● Strong balance sheet→ cont
Slide 10: PRICER Bringing Trust to Retail
PRICER BRINGING TRUST TO RETAIL