Extended Order from S-Group
Pricer received an extended order from S-Group for more than 100 stores to be deployed before summer, following the successful deployment of 300 initial stores.
Gross Margin Improvement
The gross margin for the period is 21.3%, which is almost 5% higher than a year ago, attributed to a better product mix and reduced cost of goods sold.
Successful Cost Reduction Program
Pricer announced that in Q3, they reached the full effect of their cost savings program, leading to an EBIT margin above 10% and net profit of SEK 47 million.
Strong Market Growth in Specific Regions
Significant growth in Nordic, Pacific, and U.S. markets, with a 37% growth in net sales excluding the French market impact.
SaaS Transition
Pricer is transitioning from a SaaS first to a SaaS only platform, aiming to capitalize on their installed base of 25,000 stores, with 3,500 already connected.