First quarter 2024
- Net sales decreased by 4% to
SEK 161 million (168), with an organic growth of -9%. - Gross margin was 74% (73%).
-
Operating result (EBIT) was
SEK -75 million (-53). -
Profit/loss for the quarter amounted to
SEK -89 million (-57). -
Earnings per share amounted to
SEK -0.84 (-0.55). -
Free cash flow amounted to
SEK -126 million (46).
Significant events during and after the quarter
- The acquisition of
FotoNation Ltd , includingAutoSense , was completed onJanuary 31 . -
New financial targets were announced on
February 1 . In 2026, Tobii targets a positive free cash flow and an EBIT margin of around 10% for the full-year, followed by an EBIT margin target of around 20% for 2028. -
A rights issue was successfully completed on
April 3 , and Tobii received total net proceeds ofSEK 267 million after the end of the quarter. -
A new DMS design win for commercial vehicles was secured on
April 9.
CEO
"This quarter we completed the acquisition of FotoNation/
Excluding the acquisition, net sales organically decreased by 9 percent in the quarter, mainly attributed to sustained weaker demand for Products & Solutions in
We have already realized some synergies through the integration of our expanded
We are firm in our commitment to enhancing profitability, leveraging our technology investments, and improving efficiency across all three segments. Building upon the cost-saving initiatives implemented in the fourth quarter of 2024, we will continue to further reduce our expenses throughout the year by optimizing our product portfolio and realizing synergies gained from integrating
Q1 presentation today at
Tobii's CEO
Link to the webcast
Please make sure you are connected to the webcast by logging in and registering a few minutes before the presentation begins. It will be possible to ask questions via the chat function or verbally, by selecting participation options.
The presentation material will be available at Tobii's website. The interim report and a recording of the webcast will be available on the same page.
For more information, please contact:
Carolina Strömlid, Head of Investor Relations,
This information is information that
About Tobii
Tobii is the global leader in eye tracking and pioneer of attention computing. We are on a mission to improve the world with technology that understands human attention and intent. Creating tech for a better future, our technologies and solutions apply to areas such as behavioral studies and research, healthcare, education and training, gaming, extended reality, automotive, and many more. Tobii's eye tracking is used by thousands of enterprises, universities, and research institutes around the globe. Headquartered in
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