Electronic shelf label specialist Pricer reported a decline in both revenue and operating profit for the first quarter compared to the same period last year.
Net sales fell 7.6 percent to SEK 488 million (528).
Pricer's net sales in the first quarter were slightly lower than the corresponding period in 2025 but remained in line with company expectations, as Canadian Tire in Canada has now largely completed the installation of electronic shelf labels across its corporate stores, CEO Magnus Larsson stated in the report.
In the Nordic region, the transition to direct sales has bolstered both margins and sales, while the US is showing a positive trend following new customer contracts announced in the fourth quarter. Excluding Canada, revenue was stable or slightly higher across most markets, according to Larsson.
"During the quarter, our exclusive agreement with Carrefour expired, resulting in lower volumes to their centrally managed stores. At the same time, we are seeing a positive trend in order intake from independent Carrefour stores, which increased during the first quarter of the year," the Pricer CEO commented.
Adjusted EBITDA amounted to SEK 33 million (31), with an adjusted EBITDA margin of 6.8 percent (5.9).
Operating profit was SEK 11 million (13), yielding an operating margin of 2.3 percent (2.5).
Profit after tax amounted to SEK 6 million (-6), with earnings per share at SEK 0.04 (-0.04).
Order intake landed at SEK 466 million (457), an increase of 2.0 percent year-on-year.
Cash flow from operating activities amounted to SEK 53 million (136.3).
"With an attractive product portfolio, initiatives for further efficiency, and an intensified focus on improved profitability, we are well positioned to capitalize on strong underlying demand as the market becomes more active again," said Larsson.
Pricer AB is a provider of digital shelf-edge solutions. The Company develops and markets a system consisting of components for communication in a store environment. The Company has over 15,000 installations in over 50 countries. Its solutions include shopper solutions, store manage solutions, price automation and communication platform. Its product offering enables users to display and change prices of a whole store; help shoppers find what they want in a Pricer equipped store; use scheduled SmartFLASH functionality to automate promotions; validate that all products are in the correct place according to the floor plan; make sure prices are the same in the store as in the Web shop; give any near field communications (NFC) enabled smartphone the ability to show added product info, and draw, synchronize and show maps on mobiles and on the Web, among others. The platform's other features include geofencing, infrared geopositioning, in-store navigation, Shelf label and in-store picking.
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