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.
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