Largest order intake in Pricer's history
First quarter 2024
** Net sales amounted to
** Operating profit amounted to
** Operating profit before depreciation, amortization and impairment amounted to
** Order intake was
** Order backlog amounted to
** Profit for the period was
** Earnings per share (basic) were
Comments from President and CEO
It is extremely gratifying to be able to report both positive operating profit and net profit for the first quarter of the year, good growth in net sales compared to last year's first quarter, and also the company's best order intake ever.
A number of large orders from both existing and new customers in several countries are behind the quarter's record-setting order intake of
The quarter's net sales amounted to
The
Among our strategic markets, the
The North American market continues to grow rapidly, which was confirmed at a well-attended trade fair, NRF, in
At the end of last year, we communicated a costs savings program with expected savings of around
Transformation for increased focus
Since January, our management team has actively worked on a transformation project with an increased focus on strategic markets and products to create a clear and well-functioning organization, digitalization and automation of manual processes and on investing in new areas of competence and training of existing employees in strategic areas. The results of ongoing measures are already beginning to be seen and felt within the company.
In March, an important milestone in Pricer's history was reached when we were able to communicate new long-term financial goals for the company. Annual growth in net sales should be on par with the market or at least 15 percent, and the operating margin should exceed 8 percent.
Our vision to be the retail's first choice in in-store digitalization is a key component to our continued success, and we clearly see that this helps us to increasingly sell more to existing customers and win entirely new customers on both existing and new markets. It is my firm opinion that our future prospects are extremely good.
President and CEO
For further information, please contact:
Claes Wenthzel, acting CFO, +46 70 862 01 22
info@pricer.com
This information constitutes inside information that
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
About Pricer
Pricer is a leading global technology company serving the rapidly growing smart retail market with in-store digital solutions that enhance both store performance and the shopping experience. Through electronic shelf labels, advanced technology, such as optical wireless communication and AI, and continuous innovation, Pricer offers the foundation for in-store communication and efficiency. The industry-leading Pricer platform delivers benefits from 30 years of deployment experience and is fast, robust, interconnectable and scalable. Pricer was founded in
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