Fingerprint Cards AB would like to make a clarification following information in media regarding the company's contacts with analysts. Fingerprint Cards has regular conversations with analysts in order to discuss their assumptions, and to repeat and clarify the company's earlier communications regarding the financial development.

The company notes that two analysts have issued updates following the calls held on March 19. In accordance with applicable regulations, Fingerprint Cards has not communicated price sensitive information in analyst meetings, nor has the company commented on analyst estimates.

During the calls that were held on March 19, the company made comments on, for example, the accelerating change in market conditions for capacitive fingerprint sensors for smartphones, as communicated in the year-end report for 2017;

  • In the company's assessment, conditions in the Chinese smartphone market slackened additionally in the fourth quarter and the company expects sales to continue to weaken in the first quarter of 2018.
  • In terms of value, the company expects the market for fingerprint sensors for smartphones to decline in 2018.
  • To achieve a long-term improvement in profitability, the company has launched a number of activities that will generate effects early in the second quarter of 2018.

The year-end report is available via https://corporate.fingerprints.com/en/2018/02/09/fingerprint-cards-ab-year-end-report-january-december-2017/

For further information, please contact:

 

Investor Relations:
+46(0)10-172 00 10
investrel@fingerprints.com

 

 

Press:
+46(0)10-172 00 20
press@fingerprints.com

 
About Fingerprints
Fingerprint Cards AB, Fingerprints, with its Swedish roots, is the leading global biometrics company, whose mission is to spearhead the development of biometric interaction that facilitates the convenience and integrity of the individual. Its value is proven daily by users in millions of devices, through billions of touches, who are their own key - quite simply, with a human touch. Fingerprints develops biometric systems comprising sensors, algorithms, software and packaging technologies. The success is based on product development at the cutting edge of technology, which results in world-leading products in terms of security, convenience and performance. The current product range consists largely of fingerprint sensors and customers are primarily manufacturers of smartphones and tablets, where the company is market leading. As the use of biometric solutions increases, Fingerprints is working to broaden its offering by using different biometric techniques, or modalities, and to identify other market segments where the solutions can be used, such as smart cards, PCs, automotive and online devices (IoT). Fingerprints is listed on Nasdaq Stockholm (FING B).