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Fingerprint Cards (FING) 🖐

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#1

Her kan vi diskutere Fingerprint Cards

Fingerprint Cards AB expects an even weaker Q1 and the short-term challenges to prevail in Q2

Press release
March 21, 2017

Fingerprint Cards AB expects an even weaker Q1 and the short-term challenges to prevail in Q2

As the short-term challenges are expected to continue in Q2, Fingerprint Cards AB cannot confirm its communicated guidance for revenues and profitability for full year 2017. The previously communicated guidance for 2017 revenues was estimated to amount to SEK 7,500 - 9,500 M and 2017 operating margin was expected to exceed 35%. As a consequence of the current short term uncertainty, the Company has decided to refrain from further guidance for 2017 and the board of Fingerprint Cards has decided to withdraw its proposal of dividend for 2016, which was communicated in the year-end report.

Due to the weakened demand from OEM customers in the first quarter and the channel inventory build up previously communicated, the company now estimates a revenue decline of more than 50 percent for the first quarter 2017 compared to last year. A seasonally sluggish start to the year has weakened further by high inventory levels throughout the supply chain. Due to the OEM customers’ inventory build up the demand for the Company’s fingerprint sensors is weaker than expected. Inventory levels in the Company’s channel have decreased slower than expected, and continue to affect shipment volumes and revenues in the current quarter, and are also expected to affect the second quarter.

The current short term uncertainty is a major reason to why Fingerprint Cards has decided to refrain from further guidance in 2017. However, the company continues to actively execute on the strategy as a leading biometric company to defend and strengthen its position further in smartphones, while enabling the roll out of the new segments, and continuing to innovate and strengthen the IP portfolio. The short-term challenges are expected to continue until the second quarter this year, but Fingerprint Cards has a strong customer base to build on. A strong sign is an active dialogue with its customers regarding iris recognition through the acquisition of Delta ID. In addition, Fingerprint Cards has recently been selected as vendor for a number of devices which is a testimony of its competitiveness in the market.

Management is also taking necessary actions to adjust investments and to secure efficiency of resources in the current situation.

The Board of Directors has reviewed its previous dividend proposal for 2016, and as market conditions have weakened since the proposal was communicated, the Board has now decided to withdraw the proposal of 2 SEK per share. The revised proposal is not to pay dividend for 2016, but to go forward with the cancellation of treasure shares. This is in line with the previously communicated ambition around capital structure for the company which is focused on long term growth opportunities.

A telephone conference will be held today at 8.45 a.m. (CET). Media, analysts and institutional investors are welcome to participate in the telephone conference by dialing in. To participate by telephone, please dial in on (+46) 0850336434 (Sweden) or +44 (0)1452555566 (international participants). State conference ID 91781563 when calling in. Dial in 10 minutes prior to the call.

For more information, please contact:
Jan WĂ€reby, Chairman of the Board Fingerprint Cards AB (publ)
Christian Fredrikson, CEO Fingerprint Cards AB (publ)
Johan Wilsby, CFO Fingerprint Cards AB (publ)

https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=764224&lang=en

4 Likes
#2

Omsatt 461 mill idag
 Shit! :frowning2:

#3

PrÞver meg pÄ en trade, kjÞpte pÄ 31.8. BÞrsstop nÄ? Edit: Var bare en bug :slight_smile:

#4

Fy flate sier jeg bare. Dette ble en forferdelig trade @holmes

#5

Åtte tegn

1 Like
#6

PÄ 30 kroner er verdien 9 milliarder og de tjente tross alt 2 milliarder i 2016, synes markedet er litt for hard mot denne. Skal denne verdsette som forhÄpningsselskapene Thin og Idex?

#7

Visste lite om aksjen, men vet at du er inne i kvalitet. SĂ„ kjĂžpte sĂ„ fort jeg leste nyheten, gjorde en tilsvarende god bet i Betsson etter “vinstvarning”

#8

Kan nok godt hende at det er penger Ä tjene pÄ bunnfiske her ja.

Men jeg er bekymret for at fremtiden til selskapet skal ligne REC.

1 Like
#9

NÄ flyter blodet i gatene, men de har vist at de kan tjene penger tidligere og selv om det kommer noen dÄrlige kvartaler sÄ er det jo mÄte pÄ hvor lavt denne skal prises.

Selskapet har over 1 milliard kroner pÄ bok og tjente 2 milliarder i fjor. Skal den da prises til 9 milliarder vs tapsslukene thinfilm 2.9 milliarder og IDEX 3.7 milliarder

2 Likes
#10

Kan vĂŠre at innsiders benytter anledningen til Ă„ kjĂžpe litt ilĂžpet av dagen. Hvordan ser pipeline for produkter ut?

MÄ lÞpe pÄ jobb, skal lese meg opp ikveld

#11

“Jag kan inte komma ihĂ„g att ett OMX30-bolag rasat med 36 procent. Det kanske har hĂ€nt men det hör absolut inte till vanligheterna”, sĂ€ger Di:s analytiker Ulf Petersson om Fingerprint.

2 Likes
#12

Tror det ligner mer pÄ NOD enn REC

Dramatiske fall fra toppene, men svinger seg oppover (NOD graf under)

1 Like
#13

Ja det er en bedre analogi. :+1:

#14

KjÞpte meg inn her pÄ bunn. Pareto med kursmÄl 70 ca :joy::money_mouth_face:

1 Like
#15

Har solgt mer til distributĂžrer enn sluttkundene, og det har bygget seg opp et lager av sensorer.

FINGERPRINT CARDS
HAR INSYN I LAGERPROBLEMATIKEN - VD (Direkt)
2017-03-21 12:01
STOCKHOLM (Direkt) Fingerprint Cards har tidigare trott sig haft koll pÄ lageruppbyggnaden av fingeravtryckssensorer, men nu har det blivit tydligt att det Àven fanns uppbyggda lager hos OEM-kunderna, telefontillverkarna, och deras försÀljningsstÀllen och distributörer.

“Det som var nytt hĂ€r nu Ă€r att vĂ„ra OEM:s (telefontillverkarna) har haft höga ambitioner kring vad de skulle sĂ€lja första kvartalet. De hade byggt upp lager inför en för hög ambitionsnivĂ„â€, förklarar Fingerprint Cards vd Christian Fredrikson och tillĂ€gger:

“Nu har de bromsat och nĂ€r nĂ„gon bromsar fĂ„r de som Ă€r sist i kedjan ta den hĂ„rdaste smĂ€llen.”

Fingerprint Cards delar upp problemen med lageruppbyggnaden i tre delar, varav bolaget har koll pÄ sina egna lager. En ökad förstÄelse finns nu ocksÄ för lagren hos bolagets distributör- och OEM-partners.

“Nu har vi insyn och vi ser att lagerneddragningen sker varje mĂ„nad. Vi ser att det försvinner varor”, sĂ€ger han.

FjolÄrets införsÀljning av fingeravtryckssensorer till industrin (sell-in) var mycket högre Àn utförsÀljningen (sell-through) till slutkund.

“Nu betalar vi priset för det nĂ€r sell-through i marknaden Ă€r högre Ă€n sell-in”, sĂ€ger han.

Christian Fredrikson hÀnvisar till flera oberoende marknadsrapporter som visar pÄ att totalmarknaden för fingeravtryckssensorer vÀxer. Men Ärets totalmarknad vÀntas nu bli nÄgot lÀgre Àn den tidigare bedömningen om 900 miljoner enheter.

“Nu ser vi att den Ă€r nĂ„gra procentenheter mindre. Det beror pĂ„ att penetrationen av fingeravtryckssensorer i smartphones Ă€r lite lĂ€gre Ă€n vad vi och vad marknaden rĂ€knat med”, sĂ€ger han.

Fia Forsman +46 8 5191 7923

NyhetsbyrÄn Direkt

#16

Vinstvarning, insider selg, rett sak 
 tror ikke att TA hjelper denne gangen, men om det er noen gang man skal prÞve seg pÄ en trade sÄ er det vel idag.

1 Like
#17

Insider selg har jeg ikke sett?

#18

Det senaste var Pontus JĂ€germalm, 365000 aktier 14 februari.

2 Likes
#19

Det virker litt pĂ„ grensen synes jeg, “Senior VP Research & Development” selger seg ned fĂžr profit warning

1 Like
#20

Nettop =) jag solgte aksjen ved 112 og var med om en liten snedgunge ved 80 till 79. Har fĂ„tt nok av aksjen, allt for uforutsigbar. VDn stod pĂ„ scene bare noen uker siden og sa “vi har koll”, idag kmr de med vinstvarning. Selskapet er tull.

2 Likes