4 th quarter 2019
CEO Jacob Tveraabak | CFO Hilde Horn Gilen
February 12, 2020
Agenda
- Intro
- Highlights Q4 2019
- Other key financial figures
- Q&A
Highlights Q4 2019
Highlights Q4 2019
Continued strong performance in Retail Technology, however flat development for the Group
1
Several customer breakthroughs and deliveries
Important product development
th quarter revenue: -3 % decline vs. last year
Revenue MNOK
Revenue
MNOK
th quarter profitability: slight improvement vs. last year EBITDA MNOK
th quarter profitability in BAs: Solid improvement in Retail Technology
EBITDA MNOK
Note: Quarterly figures in 2019 include positive effect of IFRS 16 of MNOK 3.6 for Retail Technology, MNOK 1.3 for Cash Security, and MNOK 1.3 for Labels
Several customer breakthroughs and deliveries 2
- Contract to deliver 20 Click & Collect lockers to COOP Sweden
- First pilot for Mobile Grocery Click & Collect lockers with Axfood in Sweden
- First implementation of e-commerce Pick & Collect system to a Spanish customer
- Signed order with partner Bullion IT for delivery of 500 CashGuard Premium units to First National Bank in South Africa
- Delivery of 885 CIT-cases to Sberbank, Russia, during the quarter
3 Important product development
- Finalization of beta version of Pick & Collect software (project E20)
- Completion of integrated Self-Checkout solution with Harting Systems' checkout zone
- Launch of Click & Collect lockers on wheels (mobile lockers)
Short summary of 2019
Other key financial figures
Earnings per share (EPS)
EPS per quarter NOK per share
Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19 Q3-19 Q4-19
Cash Flow effects in 2019
Cash MNOK
- Working Capital development mainly related to seasonal changes in inventory, receivables and prepaid expenses
- Capex is influenced by Rental Solution Cash Management Spain
Net leverage of 1.03x rolling 12 months EBITDA
* Net Interest Bearing Debt / Rolling 12 EBITDA ** Including IFRS 16 balance effect
Dividend 2019 proposal: 0.60 NOK per share
Dividend NOK per share
- Ordinary dividend year-onyear slightly positive trend
- Board of Directors will propose a 2019-dividend of 0.60 NOK per share, to be paid in May 2020
Investor Relations
Financial calendar 2020
- Q1 2020 29.04 (General Assembly)
- Q2 2020 14.07
- Q3 2020 22.10
IR-contact:
CFO Hilde Horn Gilen [email protected] +47 920 60 158
Jacob Tveraabak CEO
Hilde Horn Gilen CFO
Thank you!