Q1 2026 Pricer AB Earnings Call Transcript
Key Points
- Pricer AB (PCRBF) reported the highest gross margin since 2020, indicating improved profitability.
- The company turned its net profitability from a loss in Q1 last year to a profit this year.
- Strong cash flow was reported, with an increase in liquidity by $33 million in the quarter.
- The company secured a significant $51 million agreement with Sobeys for the deployment of 300 to 350 stores.
- There is growing interest and engagement in the North American market, particularly in Canada and the U.S.
- Sales were down by $40 million compared to last year, partly due to currency fluctuations.
- The exclusive supply agreement with Carrefour was terminated, which will result in lower volumes.
- The UK market is developing slower than expected, with interest but slow actual deployment.
- The competitive environment in Canada is increasing, posing challenges to maintaining market position.
- There is macroeconomic uncertainty impacting customer near-term investments, affecting sales growth.
Good afternoon, and welcome to the Pricer first quarter 2026 earnings presentation and Q&A session. We are today joined by CEO, Magnus Larsson, and CFO, Claes Wenthzel, who will present the first quarter and take questions. With that said, I hand over the word.
Thank you very much, Jan-Mart.
I'm extremely happy to do the presentation here today together with Claes.
Now I'm in London, where I'm at the retail tech show.
It's a two-day show. It's been very interesting, so I'm doing it now from my hotel room, so I hope it's okay.
Claes, next slide, please.
So price frame brief, our vision. Our vision is to be the preferred partner for in-store communication and digitalization. And I think what we will see in some of the presentations today is how we actually, or our presentation, how we're moving in that direction.
We see a lot of traction with Plaza. We actually, I haven't updated all the stores that we want in the quarter on this slide,
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