Interim Report January

Interim Report January - March 2011

Record order intake - Increased sales
- Currency impact affects the margin negatively

First quarter 2011

  · Order entry: SEK 216 M (100)
  · Net sales: SEK 111.1 M (69.7)
  · Gross margin: 30 percent (52)

  · Operating profit: SEK 7.6 M (12.0)
  · Operating margin: 6.9 percent (17.2)
  · Net profit: SEK 4.9 M (10.4)
  · Cash flow from operations: SEK 29.9 M (10.8)
  · Earnings per share: SEK 0.00 (0.01)

  · A large French retailer signed 85 discount retail stores for
deployment with Pricer
  · Pricer entered into a strategic cooperation with Coop - Signed a
framework agreement in the Nordic countries
  · Additional order from one of North America's top 50 grocers
  · Pricer altered the license agreement with Ishida - Received an order
worth SEK 40 M
  · Soriana, Mexico, signed a new contract with Pricer for additional
150 stores

 

Comments from the CEO Fredrik Berglund
“We note a significant increase in the order intake and sales in the
first quarter. The higher growth rate during the autumn of 2010 has
continued throughout the first part of 2011. The expansion has also a
good mix of recurring and new customers and a wide geographical spread.
We have taken important deals in America, Asia and Europe. Furthermore,
the volume delivered to customers has never been so high during a first
quarter. Our margin was, on the other hand, lower in this past quarter,
mainly due to negative currency effects, however, the underlying margin
is still favorable. In all, we expect to be able to generate higher net
sales and profit for the full year 2011 as compared to 2010.
Interim Report January - March 2011

Attachments
