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Interim Report January – June 2010

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Continued improvement in sales and margins

Second quarter

  • Order entry of SEK 82 M (87)
  • Net sales of SEK 109.5 M (77.7)
  • Gross margin of 39 percent (28)
  • Operating profit of SEK 15.7 M (-3.2)
  • Net profit of SEK 17.9 M    (-7.9)
  • Cash flow from operating activities of SEK -14.0 M (2.1) 

January – June

  • Order entry of SEK 182 M (154)
  • Net sales of SEK 179.2 M (140.8)
  • Gross margin of 44 percent (41)
  • Operating profit of SEK 27.7 M (3.1)
  • Net profit of SEK 28.3 M    (-0.2)
  • Cash flow from operating activities of SEK -3.2 M (28.7) 


 

  • Earnings per share, before and after dilution, amounted to SEK 0.03 (0.00) for the first six months of the year
  • Cash and cash equivalents were SEK 91.8 M (77.2) at the end of the period
     
  • Pricer rolls out ESL at Cellular Connection, a US wireless retailer
  • Leading French Do-It-Yourself retailer Castorama deploys ESL
  • Pricer receives agreement to roll out ESL with a leading Italian hypermarket chain, Il Gigante
  • Pricer rolls out ESL at one of North America’s top 50 grocers
     
  • Convertible loans of SEK 22.45 M converted to equity
  • The outlook is improved with expected result to be significantly higher in 2010 as compared to 2009 

Subsequent events

  • Fredrik Berglund new CEO of Pricer

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