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– Sales in the first quarter of 2020 were negatively affected by challenges related to our supply chain in Asia, primarily in the form of capacity constraints on subcontractors and restrictions on the transport of goods as a result of the coronavirus outbreak. We look forward to the continued impact of insufficient access to production capacity of large semiconductor manufacturers, writes Fredrikson, saying that the situation has improved in recent times due to the lifting of coronary restrictions in Asia.
Revenue for the first quarter of 2020 amounted to SEK 310 million (342.9).
– At the same time, we believe that the economic slowdown in the world, with rising unemployment and falling demand for consumer products, will have a negative impact on our sales. However, the situation is difficult to assess, which is reflected in a wide diffusion in the published forecasts. External industry analysts currently predict that the global smartphone market may drop as much as 10-20 percent in 2020, the CEO continues.
The company’s sensors participated in several smartphones that were featured during the quarter. At the same time, two touch sensors were launched for the Access segment. A volume agreement was also signed with Chinese Feitian.
– Despite the challenges in the world, which affect everyone, we operate in a uniquely interesting industry. There are great opportunities to develop the use of biometrics in the world, and Fingerprints has a very strong starting point, says Christian Fredrikson.
Fingerprint cards first quarter 2020 in numbers
income: 310 million (342.9)
Gross margin: 24% (23)
EBITDA: 11.6 million (35.8)
The operating result: -17.7 million (-1.9)
Cash flow: -37.8 (-161.1)
The Group’s equity / assets ratio: 83% (82)
