Nepa AB (OSTO:NEPA)

kr 18.45 0.2 (1.1%) Market Cap: 143.50 Mil Enterprise Value: 113.67 Mil PE Ratio: 0 PB Ratio: 1.89 GF Score: 57/100

Q2 2022 Nepa AB Earnings Call Transcript

Aug 19, 2022 / 08:30AM GMT

Release Date Price: kr65 (+0.62%)

Transcript

Ulrich Boyer;publ;Founder;Executive Director

Nepa AB

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Good morning, everyone, and welcome to the presentation of Nepa's Second Quarter 2022. My name is Ulrich, I'm the CEO of Nepa. With me to present today, I have our CFO, Ann-Christine Fick. Turn page. If we summarize our second quarter, we continued with our growth and profitability. Our net sales increased by 10.2% to SEK 86.5 million from 7.9% currency adjusted. Most of our markets had a stable development and our customers' willingness to invest in marketing activities remained.

We are well in line with our strategy to focus on growing recurring revenues. They grew 17.5% during the quarter and correspond ended for 65.4% of our total net sales. Our primary solution, Marketing optimization increased by 25.8%, which we are especially glad about.

But this is the proof of our product offering and also the area where we will focus our future products, our future product line. During the quarter, we completed the transition of our business or we have previously referred to as the

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