Pricer (PRIC) Q3 2026 earnings summary

Executive summary

• Q3 order intake rose 27.4% YoY to SEK 449.0M, while net sales declined 15.7% to SEK 504.2M; gross margin reached 30.4%.

• Adjusted EBIT was SEK 65.2M, with a 12.9% margin; net profit reached SEK 43.8M.

• Plaza net sales grew 39% YoY and 20% QoQ, with 500 additional stores connected during the quarter.

Financial highlights

• Q3 net sales were SEK 504.2M versus SEK 598.4M YoY; the decline reflected weaker European performance and the absence of large, low-margin new-customer projects.

• Gross profit rose to SEK 153.4M from SEK 138.6M; gross margin expanded to 30.4% from 23.2%.

• EBIT was SEK 57.5M versus SEK 38.5M; adjusted EBIT was SEK 65.2M versus SEK 38.5M, and net profit was SEK 43.8M versus SEK 32.2M.

• Recurring revenue rose 23.6% YoY to SEK 37.2M in Q3 and 24.5% to SEK 100.6M in 9M; it was 7.4% of Q3 net sales versus 5.0%.

• 9M net sales declined 6.2% YoY to SEK 1,478.3M; adjusted for FX, sales fell 3.4%.

Outlook and guidance

• No 2026 forecast was issued; management cited improving market sentiment and order-intake growth for a third consecutive quarter.

• Complementary connectivity and IoT devices are planned for gradual addition from 2027; management sees potential to expand Plaza and add-on revenue.

• Orange plans a turnkey deployment across 561 French stores over two years, with 100 stores scheduled for Q4 2026.