Nepa

FOURTH QUARTER, OCTOBER – DECEMBER 2022

• Net sales from the core solution area Marketing Optimization increased by 10.9%. Recurring revenue increased by 2.3%, while ad hoc revenue decreased by 12.7%.
• Group net sales decreased by 3.1%, or 5.0% FX adjusted, to MSEK 76.3 (78.7).
• Gross profit decreased by 12.5%, or 14.7% FX adjusted, to MSEK 55.2 (63.1).
• EBIT amounted to MSEK -3.8 (10.7) including the restructuring costs of MSEK 4.5 attributable to the global cost savings program. Excluding items affecting comparability, Adjusted EBIT amounted to MSEK 0.7 (10.7).
• Earnings after tax was MSEK -4.9 (10.5).
• Earnings per share was SEK -0.62 (1.33).

FULL YEAR, JANUARY – DECEMBER 2022

• Net sales from the core solution area Marketing Optimization increased by 18.1%. Recurring revenue increased by 12.5%, while ad hoc revenue decreased by 6.0%.
• Group net sales increased by 5.6%, or 3.3% FX adjusted, to MSEK 312.1 (295.5).
• Gross profit increased by 2.1%, but decreased 0.7% FX adjusted, to MSEK 236.2 (231.3).
• EBIT amounted to MSEK 19.7 (40.0) including restructuring costs as well as legacy clean-up and system upgrade costs of MSEK 9.7. Excluding items affecting comparability, Adjusted EBIT amounted to MSEK 29.4 (40.0).
• Earnings after tax was MSEK 17.5 (38.6).
• Earnings per share was SEK 2.22 (4.91).
• The Board proposes a dividend of SEK 0.56 (1.23) per share, which corresponds to 25% (25%) of the earnings after tax.

IMPORTANT EVENTS

DURING THE PERIOD

• Nepa initiated two cost savings programs estimated to save the Group in total SEK 31.2 million on an annual basis, gradually visible from January 2023.
• Ferry Wolswinkel assumed the newly established role Chief Revenue Officer on October 3rd, 2022.

AFTER THE PERIOD ENDED

• Sonja Thorngren assumed the role as CFO on February 6th, 2023.
• In January and February, Marketing Optimization grew with single digit percentages compared to the same period 2022, while Group net sales were slightly declining.
• In the beginning of March 2023, the net cash position remained unchanged from the closing balance in Q4 2022.