(AGENPARL) – gio 27 ottobre 2022 8.30 AM CEST / 27-Oct-2022 / PRICER (STO:PRIC B)
Interim report January–September 2022 – Pricer AB (publ)
High growth during the second quarter with an increase in order intake of 77.9% and net sales of 16.0%
Q3 2022
– Net sales amounted to SEK 575.5 M (496.0), an increase of 16 percent compared to the same period last year.
– Of net sales, SEK 11.4 M (8.0) refers to recurring revenue, an increase of 42.4 percent compared to the same period last year.
– Operating profit amounted to SEK 9.7 M (40.1), which corresponds to an operating margin of 1.7 percent (8.1).
– Order intake was SEK 546 M (307), an increase of 78 percent compared to the same period last year.
– Order backlog amounted to SEK 538 M (396), of which the majority is expected to be delivered in 2022.
– Profit for the period was SEK 4.4 M (32.0).
– Earnings per share (basic and diluted) were SEK -0.04 (0.29).
– Cash flow from operating activities was SEK 23.3 M (-94.5).
January–September 2022
– Net sales amounted to SEK 1,571.7 M (1,277.9), an increase of 23 percent compared to the same period last year.
– Of net sales, SEK 32.0 M (23.7) refers to recurring revenue, an increase of 34.9 percent compared to the same period last year.
– Operating profit amounted to SEK -6.8 M (80.1), which corresponds to an operating margin of -0.4 percent (6.3).
– Order intake was SEK 1,678 M (1,157), an increase of 45 percent compared to the same period last year.
– Profit for the period was SEK -8.5 M (64.9).
– Earnings per share (basic) were SEK -0.08 (0.59). Earnings per share (diluted) were SEK -0.08 (0.58).
– Cash flow from operating activities was SEK 52.5 M (-175,3).
Comments from acting CEO Magnus Larsson
The third quarter of the year showed a strong increase in order intake compared to the corresponding period in 2021. Order intake amounted to SEK 546 M, which corresponds to an increase of 78 percent. For the first nine months of the year, order intake thus totaled SEK 1,678 M, which means that we have already surpassed last year’s total order intake of SEK 1,610 M. Net sales amounted to SEK 576 M, which corresponds to an increase of 16 percent year on year. We are extremely pleased to note that our efforts to strengthen the sales organization, combined with underlying market trends, are generating clear results in line with our growth plans.
A continued high cost level on electronic components, raw materials and transports are putting pressure on profitability, but our efforts to implement profitability-enhancing measures and strict cost control have begun to generate results, and we have gone from a loss during the first six months of the year to a profit in the third quarter of the year. Operating profit for the quarter amounted to SEK 9.7 M compared to SEK -7 M in Q2 2022 and SEK 40 M in the corresponding period in 2021. Efforts to implement profitability-enhancing measures are being intensified, and we expect to see a continued positive impact in 2023.