Datum Källa Rubrik Typ Alternativ
2020-05-19 TagMaster TagMaster AB: Redeye: TagMaster - Solid Value Case Pressreleaser Visa Stäng
2020-05-04 TagMaster TagMaster AB: Penser Access: TagMaster - Tillväxten taggar tillfälligt ned något Pressreleaser Visa Stäng
2020-04-29 TagMaster Kommuniké från årsstämma i TagMaster AB (publ) Pressreleaser Ladda ner | Visa Stäng
2020-04-29 TagMaster TagMaster AB: Delårsrapport januari till mars 2020 Rapporter Ladda ner | Visa Stäng
2020-04-29 TagMaster TagMaster AB: Interim report January to March 2020 Rapporter Ladda ner | Visa Stäng
Rapporter | 29 Apr 2020 | TagMaster

TagMaster AB: Interim report January to March 2020

Press release Stockholm, Sweden April 29, 2020

Robust development despite challenging business climate

First quarter 2020

  • Net sales increased during the first quarter increased by 79,9% to 78,9 MSEK (43,8)
  • Adjusted EBITDA increased during the first quarter by 9,5% to 6,9 MSEK (6,3), corresponding to an adjusted EBITDA margin by 8,8% (14,3)
  • Operating profit/loss was -3,8 MSEK (4,2) wich correspond to operating margin of -4,9% (9,6)
  • Profit for the period was -8,7 MSEK (3,7)
  • Result per share was -0,02 (0,02)
  • Cash flow from operating activities for the period was 2,5 MSEK (5,3)
  • The Covid-19 pandemic has had a negative impact on turnover from mid-March and measures have been taken for all parts of the business to mitigate the effects of the corona virus.
  • As of January 1, 2020, TagMaster has changed accounting principles from BFNAR 2012: 1 (K3) to IFRS. This report is the first to be prepared in accordance with IFRS. The effects of the transition are shown in Note 6.

Amounts in TSEK 2020 2019 R12M 2019
Jan-March Jan-March April-March Full year
Net sales 78 861 43 848 297 968 262 955
Net sales growth, % 79,9 -23,0 63,3 34,5
Gross margin, % 65,4 66,7 66,2 66,6
Adjusted EBITDA 6 905 6 264 36 701 36 060
Adjusted EBITDA 8,8 14,3 12,3 13,7
margin, %
EBITDA margin, % 2,8 14,3 6,2 8,5
Equity ratio, % 56,3 60,9 0,0 0,0
Cash flow from 2,5 5,3 1,1 3,9
operating
activities, MSEK
Net debt/EBITDA, 0,0 0,0 1,2 1,1
R12M
Number of employees 115 80 116 115
at end of period

For description and reconciliation of key figures, see pages 36 – 37

Comments by the CEO

We look back at a quarter mostly dominated by handling the effects of Covid-19. Our focus has been on building safety and health for our employees, keep up deliveries to our customers and ensure long term financial stability. I am convinced that we all together, employees and partners will be well positioned when the market is turning again.

During the first months of the quarter business was not in any essential degree influenced by Covid-19 with exception from some delivery problems from China. Since mid-March we have seen trends of lower activity following close downs and restrictions in all our main markets.

We have since the mid of the quarter taken several precautions to adjust capacity of the business to the new situation, among others by evaluating and implementing the national support measures offered in different countries as well as other cost adjustments. The majority of our employees are since early April on short term layoff and work around 60% of normal work time. We have also initiated efficiency measures and cost reductions to prepare for a tougher situation ahead of us, but we also continue to invest in our technical leadership to further increase our competitiveness. We continuously monitor the situation and are prepared for further actions if so become necessary.

To increase our transparency and give a clearer view, TagMaster Group will from this quarter be presented in two business segments, Europe and USA.

Our sales during the quarter was 78,9 MSEK, an increase of 80% compared to the same quarter 2019. The strong growth is mainly explained by the acquisition of the American Sensys Networks (segment USA) finalized in June 2019. The organic growth in the European part (Segment Europe) was around 10% which is the same strong growth as in the fourth quarter 2019. The quarter shows a continued strong gross margin of 65,4% and with an adjusted EBITDA of 6,9 MSEK corresponding to an adjusted EBITDA margin of 8,8%. The cash flow from the business has continued to be positive and landed on 2,5 MSEK and solidity is good with a level of 56,3%.

Our Traffic solutions business amounted to 80% of our business, while Rail solutions amounted to 20%.

TagMaster is today well positioned in a market with long term good prerequisites for growth and good profits. To daily work on improving the traffic environment in cities and urban areas around the world provides us with lots of energy to continue hard and targeted work also in hard times like these.

Jonas Svensson

CEO

Auditor’s review

This report has not been reviewed by the company auditor.

Reporting

During the business year 2020 to 2021 TagMaster will report at the following dates:

2[nd] quarter report                                                      July 16

3[rd] quarter report                                                       October 22

Year-end report                                                        January 28, 2021

This report and previous reports and press releases are found at the company home page www.tagmaster.com

For further information contact:

Jonas Svensson, CEO, +46 8-6321950, Jonas.svensson@tagmaster.com

This information is information that TagMaster AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.30 a.m. CET on April 29, 2020. 

About TagMaster

TagMaster is an application driven technology company that designs and markets advanced sensor systems and solutions based on radio, radar, vision and wireless magnetic technology for demanding environments. Business areas include Traffic Solutions and Rail Solutions sold under the brands TagMaster and Sensys Networks with innovative mobility solutions in order to increase efficiency, security, convenience and to decrease environmental impact within Smart Cities. TagMaster has subsidies in UK, France and US and exports mainly to Europe, The Middle East, Asia and North America via a global network of partners and systems integrators. TagMaster was founded in 1994 and has its headquarters in Stockholm. TagMaster is a public company and its shares are traded on Nasdaq First North Growth Market in Stockholm, Sweden. TagMasters certified advisor is Erik Penser Bank phone +4684638300, E-mail: certifiedadviser@penser.sewww.tagmaster.com

2020-04-29 TagMaster TagMaster AB: TagMaster går över till IFRS Pressreleaser Ladda ner | Visa Stäng
2020-04-15 TagMaster TagMaster AB: TagMaster lanserar ny RFID-läsare för parkering och accesskontroll - XT-5 Pressreleaser Ladda ner | Visa Stäng
2020-04-15 TagMaster TagMaster AB: TagMaster launches a new RFID reader for parking and access control - XT-5 Pressreleaser Ladda ner | Visa Stäng
2020-03-27 TagMaster Kallelse till årsstämma i TagMaster AB (publ) Pressreleaser Ladda ner | Visa Stäng
2020-03-26 TagMaster TagMaster AB: TagMasters årsredovisning tillgänglig på webbplatsen Pressreleaser Ladda ner | Visa Stäng
2020-03-24 TagMaster TagMaster AB: Förtydligande angående TagMasters besparingsprogram för att hantera effekterna av COVID-19 Pressreleaser Ladda ner | Visa Stäng
2020-03-24 TagMaster TagMaster AB: TagMaster launches cost savings program to manage the effects of COVID-19 Pressreleaser Ladda ner | Visa Stäng
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2019-12-04 TagMaster TagMaster AB: TagMaster receives order for delivery of RFID systems to toll stations in India Pressreleaser Ladda ner | Visa Stäng
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2019-11-12 TagMaster TagMaster AB: TagMaster erhåller nytt patent i USA gällande vägtullslösning Pressreleaser Ladda ner | Visa Stäng
2019-11-12 TagMaster TagMaster AB: TagMaster granted new patent in the USA regarding toll solution Pressreleaser Ladda ner | Visa Stäng
2019-11-01 TagMaster TagMaster AB: Redeye: TagMaster - Margin of Safety Pressreleaser Visa Stäng
2019-10-29 TagMaster TagMaster AB: TagMaster gör inbrytning på den tyska marknaden Pressreleaser Ladda ner | Visa Stäng
2019-10-29 TagMaster TagMaster AB: TagMaster is breaking into the German market Pressreleaser Ladda ner | Visa Stäng
2019-10-25 TagMaster TagMaster AB: Penser Access: TagMaster - Fortsatt stor uppsida i aktien Pressreleaser Visa Stäng
2019-10-24 TagMaster TagMaster AB: Interim report January to September 2019 Rapporter Ladda ner | Visa Stäng
2019-10-24 TagMaster TagMaster AB: Delårsrapport januari till september 2019 Rapporter Ladda ner | Visa Stäng
2019-09-26 TagMaster TagMaster AB: TagMaster levererar till projekt i tre större städer i Gulfområdet Pressreleaser Ladda ner | Visa Stäng
2019-09-26 TagMaster TagMaster AB: TagMaster in deployments in three major cities in the Gulf Area Pressreleaser Ladda ner | Visa Stäng
2019-08-09 TagMaster TagMaster AB: TagMaster förstärker organisationen genom att rekrytera marknadsdirektör Pressreleaser Ladda ner | Visa Stäng
2019-08-09 TagMaster TagMaster AB: TagMaster strengthens its organization with hiring a Marketing Director Pressreleaser Ladda ner | Visa Stäng
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2019-07-12 TagMaster TagMaster AB: Delårsrapport januari till juni 2019 Rapporter Ladda ner | Visa Stäng
2019-07-11 TagMaster TagMaster AB: TagMaster owned Balogh receives a further order on their new SIL 4 product platform Pressreleaser Ladda ner | Visa Stäng
2019-07-11 TagMaster TagMaster AB: TagMaster ägda Balogh får ytterligare order på sin nya SIL4 produkt plattform Pressreleaser Ladda ner | Visa Stäng
2019-01-28 TagMaster Penser Access: TagMaster - I väntan på förvärv Pressreleaser Visa Stäng
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2019-01-24 TagMaster Year End Report 2018 Rapporter Ladda ner | Visa Stäng
2019-01-24 TagMaster Delårsrapport januari till december 2018 Rapporter Ladda ner | Visa Stäng
2019-01-21 TagMaster Redeye initiates coverage of TagMaster Pressreleaser Visa Stäng
2018-11-28 TagMaster Penser Access: TagMaster - Redo för nya Tag Pressreleaser Visa Stäng
2018-10-25 TagMaster Interim report January to September 2018 Rapporter Ladda ner | Visa Stäng
2018-10-25 TagMaster Delårsrapport januari till september 2018 Rapporter Ladda ner | Visa Stäng
2018-10-10 TagMaster Leverans av 400 ANPR-kameror för att förenkla trafikflöden och parkeringstillgänglighet vid 30 norska flygplatser Pressreleaser Ladda ner | Visa Stäng
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2018-10-02 TagMaster Storägare köper fler aktier i TagMaster Pressreleaser Ladda ner | Visa Stäng
2018-09-26 TagMaster TagMasters dotterbolag CA Traffic får tilläggsorder för Smart City-lösning Pressreleaser Ladda ner | Visa Stäng
2018-09-26 TagMaster TagMaster subsidiary CA Traffic receives extension order on Smart City solution Pressreleaser Ladda ner | Visa Stäng
2018-08-31 TagMaster Kompletterande pressmeddelande avseende TagMasters förvärv av franska IoT specialisten Hikob Pressreleaser Ladda ner | Visa Stäng
2018-08-31 TagMaster TagMaster förvärvar franska IoT specialisten Hikob Pressreleaser Ladda ner | Visa Stäng
2018-08-31 TagMaster TagMaster acquires the French IoT specialist Hikob Pressreleaser Ladda ner | Visa Stäng
2018-07-13 TagMaster Interim report January to June 2018 Rapporter Ladda ner | Visa Stäng
2018-07-13 TagMaster Delårsrapport januari till juni 2018 Rapporter Ladda ner | Visa Stäng
2018-06-20 TagMaster TagMaster får en betydelsefull order på sin nya RFID RailTag Pressreleaser Ladda ner | Visa Stäng
2018-06-20 TagMaster TagMaster has received a significant order for the new RFID RailTag Pressreleaser Ladda ner | Visa Stäng
2018-06-04 TagMaster TagMaster byter till Erik Penser Bank som Certified Advisor Pressreleaser Ladda ner | Visa Stäng
2018-04-26 TagMaster Kommuniké från årsstämma i TagMaster AB (publ) Pressreleaser Ladda ner | Visa Stäng
2018-04-26 TagMaster Interim report January to March 2018 Rapporter Ladda ner | Visa Stäng
2018-04-26 TagMaster Delårsrapport januari till mars 2018 Rapporter Ladda ner | Visa Stäng
2018-04-11 TagMaster Valberedningen i TagMaster reviderar sitt förslag till styrelse Pressreleaser Ladda ner | Visa Stäng
2018-03-28 TagMaster TagMaster ägda Balogh får order på sin nya SIL4 produktplattform Pressreleaser Ladda ner | Visa Stäng
2018-03-28 TagMaster TagMaster owned Balogh receives order on their new SIL4 product platform Pressreleaser Ladda ner | Visa Stäng
2018-03-27 TagMaster Kallelse till årsstämma i TagMaster AB (publ) Pressreleaser Ladda ner | Visa Stäng
2018-03-27 TagMaster TagMasters årsredovisning tillgänglig på webbplatsen Pressreleaser Ladda ner | Visa Stäng
2018-02-27 TagMaster TagMaster ägda CitySync får order på ANPR lösningar Pressreleaser Ladda ner | Visa Stäng
2018-02-27 TagMaster TagMaster owned CitySync receives orders on ANPR solutions Pressreleaser Ladda ner | Visa Stäng
2018-01-26 TagMaster Bokslutskommuniké för TagMaster AB januari-december 2017 Rapporter Ladda ner | Visa Stäng
2018-01-26 TagMaster Year end report for TagMaster AB January-December 2017 Rapporter Ladda ner | Visa Stäng
2017-12-21 TagMaster TagMaster closes acquisition of Magsys in France Pressreleaser Ladda ner | Visa Stäng
2017-12-21 TagMaster TagMaster slutför förvärv av Magsys i Frankrike Pressreleaser Ladda ner | Visa Stäng
2017-12-15 TagMaster TagMasters Valberedning för 2018 fastställd Pressreleaser Ladda ner | Visa Stäng
2017-12-15 TagMaster The TagMaster Nominating committee for 2018 is confirmed Pressreleaser Ladda ner | Visa Stäng
2017-10-27 TagMaster Delårsrapport januari till september 2017 Rapporter Ladda ner | Visa Stäng
2017-10-27 TagMaster Interim report January to September 2017 Rapporter Ladda ner | Visa Stäng
2017-10-19 TagMaster TagMaster avser förvärva Magsys i Frankrike Pressreleaser Ladda ner | Visa Stäng
2017-10-19 TagMaster TagMaster intent to acquire Magsys in France Pressreleaser Ladda ner | Visa Stäng
2017-07-14 TagMaster Delårsrapport januari till juni 2017 Rapporter Ladda ner | Visa Stäng
2017-07-14 TagMaster Interim report January to June 2017 Rapporter Ladda ner | Visa Stäng

Kommande händelser

13 Jul 2018 | Kvartalsrapport 2018-Q2
25 Oct 2018 | Kvartalsrapport 2018-Q3
24 Jan 2019 | Bokslutskommuniké 2018
25 Apr 2019 | Årsstämma 2018
25 Apr 2019 | Kvartalsrapport 2019-Q1
26 Apr 2019 | Årligutdelning
12 Jul 2019 | Kvartalsrapport 2019-Q2
30 Jan 2020 | Bokslutskommuniké 2019
29 Apr 2020 | Årsstämma 2019
29 Apr 2020 | Kvartalsrapport 2020-Q1
30 Apr 2020 | Årligutdelning
16 Jul 2020 | Kvartalsrapport 2020-Q2
22 Oct 2020 | Kvartalsrapport 2020-Q3
28 Jan 2021 | Bokslutskommuniké 2020
29 Apr 2021 | Årsstämma 2020

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