MFN News Items Archive - Page 26 of 30

Blog Posts

Nepa AB (publ): Northern Europe’s leading audiobook service Storytel selects Nepa to measure Global Customer Experience

april 9, 2019

Continuous customer experience measurement to help drive product enhancements, build customer loyalty

STOCKHOLM, Sweden, (April 9, 2019) – Nepa, a leading Consumer Science company providing customer experience and marketing optimization solutions, has been chosen by Storytel to develop and implement a global customer experience (CX) program to drive product enhancements and build customer loyalty, it was announced today. Based in Sweden, Storytel is a subscription-based audiobook and e-book service headquartered in Stockholm, Sweden and serving 16 markets around the globe.

Building on an internal initiative launched last year, Nepa will work with Storytel to create a more dynamic CX-measurement framework, collecting, analyzing, and reporting on data across Storytel markets. Through continuous measurement and ongoing reporting the Nepa team will provide Storytel with actionable insights into customer expectations which will be used to build loyalty, improve its offerings and expand its subscriber base, among other purposes.

”We operate in a very dynamic market where meeting and exceeding customer expectations are crucial,” said Malin Rosdahl, Head of Global CRM at Storytel. ”Having continuous insight into what motivates our subscribers is essential for creating a world class customer experience and future success. We look forward to working with Nepa in rolling out this new Customer Experience program.”

”The audiobook industry is exciting, highly dynamic and growing fast. Storytel is spearheading this development and has a unique market leading position and customer base in the market,” said Fredrik Östgren, CEO at Nepa. ”Working across multiple countries, cultures, and languages adds to the complexity of accurately capturing customer insights that can be applied across the platform. We’re thrilled that Storytel chose Nepa to help them meet their challenges.”

About Storytel

Storytel is Northern Europe’s leading audiobook and e-book streaming service and offers unlimited listening and reading of more than 200 000 titles on a global scale. Our vision is to make the world a more empathetic place with great stories to be shared and enjoyed by anyone, anywhere and anytime. Storytel is a digital platform provider as well as a comprehensive publishing group. The streaming business area offers subscriptions for audiobooks and e-books under the Storytel and Mofibo brands. Storytel’s publishing business area is carried out through the publishing houses Norstedts, Massolit, StorySide, Printz Publishing, People’s Press, Rabén & Sjögren, B.Wahlströms and Norstedts Kartor. Ztory – a subscribed digital read-all-you-can streaming service for newspapers and magazines, is part of Storytel since January 2019. Storytel operates in 16 markets around the globe and is headquartered in Stockholm, Sweden.

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Blog Posts

Full Year Report Nepa AB (publ), Q4 2018

mars 22, 2019

CONTINUED GROWTH AND IMPROVED PROFITABILITY IN 2018

This is a translation of the Swedish interim report. If there should be any discrepancies, the Swedish language version governs.

FOURTH QUARTER, OCTOBER - DECEMBER 2018

Net sales increased by 2.5% to MSEK 63.0 (61.4)
Gross profit increased by 5.5% to MSEK 50.2 (47.6)
EBIT was MSEK -3.6 (0.9)
Earnings after tax was MSEK -2.9 (0.8)
Earnings per share was, basic SEK -0.40 (0.11), diluted SEK -0.40 (0.11)

FULL YEAR, JANUARY – DECEMBER 2018

Net sales increased by 13.3% to MSEK 241.5 (213.1)
Gross profit increased by 15.9% to MSEK 182.9 (157.9)
EBIT was MSEK -13.3 (-19.8)
Earnings after tax was MSEK -13.9 (-20.5)
Earnings per share was, basic SEK -1.94 (-2.87), diluted SEK -1.94 (-2.87)

IMPORTANT EVENTS

DURING THE PERIOD

Dressmann, Nordic menswear fashion chain, chooses Nepa’s CX Tracker for Customer Experience measurement.
On December 12, Nepa carried out a directed share issue of 714,835 shares, raising proceeds of SEK 39.3 million.

AFTER THE PERIOD ENDED

Nepa USA start to work with Louisville City Football Club and Forward Madison F.C.

A WORD FROM OUR CEO

In 2018, Nepa successfully executed on our strategy towards increased scalability, profitability and expansion resulting in a 16 percent increase in gross profit (compared to 15 percent in 2017). At the same time, we have increased our profitability and improved EBIT by SEK 7 million since 2017 (to SEK -13 million).

We have taken several important steps that bring us in the right direction towards increased profitability:

1) Home market Sweden – profitable growth
Nepa has furthered our market-leading position in Sweden thanks to strong sales figures for our subscription-based CX and Marketing Optimization products. Our products continue to be well positioned as our clients recognize the importance of developing brand strength in a world where consumers purchase goods and services by a click of a button. This has resulted in increased demand for our subscription-based products within both Marketing Optimization and Customer Experience, which in turn has increased our already strong net margins.

2) Established markets UK and Finland – fast, profitable growth
2018 was a breakthrough year for Nepa’s UK business – turning its first annual profit and increasing gross profit 127 percent compared to 2017. Our investments in this market have created a world class Path-to-Purchase solution that is driving significant global demand. Likewise, Finland has continued to grow and substantially increase profitability thanks to the sales of our subscription-based Marketing Optimization products. We are expecting that both profitability and growth will continue in 2019.

3) Investment market USA rapid growth market entry, investment phase

During 2018 we have invested heavily in our US expansion by establishing our sales and marketing team in the US. We have a great team in place and have created the right conditions to be able to break through in the US market. Our vertical focus on gaming and sports has led to work with clients such as Psyonix, Louisville City Football Club and Forward Madison F.C.. We now have US clients in all product areas.

General uncertainty on the international markets affected our clients’ investment sentiment negatively in Q4 2018, which in turn affected our project-based sales in what is typically the strongest quarter for project-based sales. Our group gross profit increased by 5.4 percent during the quarter and at the same time gross profit from project based decreased by 20 percent. We have since witnessed demand return to historical levels.

Our profitability improvement in 2018 is the result of a long-term focus on increased scalability. In 2018 the relationship between our gross profit growth and increase in personnel costs has improved substantially. Gross profit increased by 16 percent while personnel costs increased by 8 percent. This is an improvement from 2017 when gross profit grew by 15 percent while personnel costs increased by 31 percent.

Finally, I would like to take the opportunity to welcome all shareholders who participated in the rights issue that completed on December 12, 2018. We are entering 2019 in a strong financial position to continue our focus on growth, scalability and profitability. I look forward to bringing Nepa to the next level during 2019.

Fredrik Östgren
CEO

THE GROUP

THE BUSINESS

VISION

”We change the way decisions are made”.

The digital transformation of our society is pushing companies to become more customer centric. The need to listen to and to understand customers has never been more important for business success. Through innovative solutions and software, Nepa facilitates customer-oriented decision making in all parts of Nepa’s clients’ organizations.

BUSINESS CONCEPT

Nepa’s business concept is to help companies become more customer oriented, by bringing the voice of the consumer into companies’ business development and daily decision-making. Nepa combines consumer feedback data with actual behavior data in order to transform traditional insights into financially quantifiable actions.

BUSINESS MODEL

Nepa is a groundbreaking growth company within the research industry that offers innovative solutions and software for delivering actionable insights to clients. Nepa has developed automated processes for continuous data gathering, data analysis and the distribution of actionable insights.

More than 65 percent of Nepa’s revenues stem from subscription revenues defined as agreements that last at least 12 months. Other revenues stem from solving client specific business challenges, always with the ambition to create a long-term subscription business model and/or to develop highly scalable products that can be applied to other clients and in other industry verticals.

The proprietary platform Consumer Science Platform® is sold as a combination of:

1. A platform license for managing customer feedback with an interface that automatically enriches clients’ current IT infrastructure with behavior data.
2. Standardized products – Consumer Science Platform® Applications Suite.
3. Solving client specific business challenges.

Nepa’s sales strategy entails solving client specific business challenges by utilizing proprietary ready-made and scalable analytics modules, which results in cost effective customization.

DEVELOPMENT OF THE GROUP

REVENUES

Net sales increased in the fourth quarter by 2.5 percent to kSEK 62,972 (61,441) and gross profit increased by 5.5 percent to kSEK 50,155 (47,556).

For the full year of 2018, net sales increased by 13.3 percent to kSEK 241,485 (213,148) and gross profit increased by 15.9 percent to kSEK 182,880 (157,859).

EARNINGS

The group’s EBIT amounted in the fourth quarter to kSEK -3,605 (912) and earnings after tax amounted to kSEK -2,949 (794).

For the full year of 2018, the group’s EBIT amounted to kSEK -13,251 (-19,761) and earnings after tax amounted to kSEK -13,941 (-20,533).

GROUP INCOME STATEMENTS

+————–+-++——+——+————–+————–+
|kSEK ||Oct |Oct |Full year 2018|Full year 2017|
| ||-Dec |-Dec | | |
| ||2018 |2017 | | |
+————–+-++——+——+————–+————–+
|Net sales ||62 972|61 441|241 485 |213 148 |
+————–+-++——+——+————–+————–+
|Other external ||926 |1 109 |3 788 |3 340 |
|income || | | | |
+————–+-++——+——+————–+————–+
| ||63 898|62 550|245 273 |216 488 |
+————–+-++——+——+————–+————–+
| || | | | |
+————–+-++——+——+————–+————–+
|Direct costs ||-12 |-13 |-58 604 |-55 289 |
| ||817 |885 | | |
+————–+-++——+——+————–+————–+
|Other external ||-7 502|-5 417|-27 761 |-24 114 |
|costs || | | | |
+————–+-++——+——+————–+————–+
|Personnel costs ||-44 |-40 |-162 784 |-151 404 |
| ||885 |618 | | |
+————–+-++——+——+————–+————–+
|Depreciations ||-1 530|-977 |-5 314 |-3 326 |
+————–+-++——+——+————–+————–+
|Other operating ||-769 |-741 |-4 061 |-2 116 |
|costs || | | | |
+————–+-++——+——+————–+————–+
|Earnings Before ||-3 605|912 |-13 251 |-19 761 |
|Interest || | | | |
|and Tax || | | | |
+————–+-++——+——+————–+————–+
| || | | | |
+————–+-++——+——+————–+————–+
|Financial income||475 |230 |1 571 |1 168 |
+————–+-++——+——+————–+————–+
|Financial costs ||-308 |-337 |-1 273 |-1 926 |
+————–+-++——+——+————–+————–+
|Earnings Before ||-3 439|806 |-12 953 |-20 519 |
|Tax || | | | |
+————–+-++——+——+————–+————–+
| || | | | |
+————–+-++——+——+————–+————–+
|Tax ||490 |-12 |-988 |-15 |
+————–+-++——+——+————–+————–+
|Earnings After ||-2 949|794 |-13 941 |-20 533 |
|Tax || | | | |
+————–+-++——+——+————–+————–+
|Profit ||-2 949|794 |-13 941 |-20 533 |
|attributable to || | | | |
|the parent || | | | |
|company’s || | | | |
|shareholders || | | | |
+————–+-++——+——+————–+————–+
| || | | | |
+————–+-++——+——+————–+————–+
| || | | | |
+————–+-++——+——+————–+————–+
|Number of ||7 863 |7 148 |7 863 186 |7 148 351 |
|shares, end of ||186 |351 | | |
|period (pcs.) || | | | |
+————–+-++——+——+————–+————–+
|Average number ||7 303 |7 148 |7 187 520 |7 148 351 |
|of shares during||750 |351 | | |
|the period || | | | |
|(pcs.) || | | | |
+————–+-++——+——+————–+————–+
|Earnings per | |-0.40 |0.11 |-1.94 |-2.87 |
|share, basic | | | | | |
|(SEK) | | | | | |
+————–+-++——+——+————–+————–+
|Earnings per | |-0.40 |0.11 |-1.94 |-2.87 |
|share, diluted| | | | | |
|(SEK) | | | | | |
+————–+-++——+——+————–+————–+
| | || | | | |
+————–+-++——+——+————–+————–+

GROUP BALANCE SHEETS

+———————–+—————–++—————–+
|ASSETS (kSEK) |December 31, 2018||December 31, 2017|
+———————–+—————–++—————–+
|Intangible assets |25 939 ||21 006 |
+———————–+—————–++—————–+
|Tangible assets |742 ||811 |
+———————–+—————–++—————–+
|Financial assets |855 ||415 |
+———————–+—————–++—————–+
|Sum non-current assets |27 536 ||22 232 |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|Trade receivables |49 559 ||46 610 |
+———————–+—————–++—————–+
|Tax receivables |2 349 ||1 129 |
+———————–+—————–++—————–+
|Other current |2 638 ||3 339 |
|receivables | || |
+———————–+—————–++—————–+
|Prepayments and accrued|10 848 ||5 281 |
|income | || |
+———————–+—————–++—————–+
|Cash and cash |45 210 ||22 827 |
|equivalents | || |
+———————–+—————–++—————–+
|Sum current assets |110 605 ||79 186 |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|TOTAL ASSETS |138 141 ||101 417 |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|EQUITY (kSEK) | || |
+———————–+—————–++—————–+
|Shareholders’ equity |1 573 ||1 430 |
+———————–+—————–++—————–+
|Development fund |24 253 ||18 093 |
+———————–+—————–++—————–+
|Other capital |117 534 ||78 964 |
|contributions | || |
+———————–+—————–++—————–+
|Translation difference |-597 ||-545 |
+———————–+—————–++—————–+
|Retained earnings incl.|-67 987 ||-47 886 |
|net profit for the | || |
|period | || |
+———————–+—————–++—————–+
|Total equity |74 776 ||50 055 |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|LIABILITIES (kSEK) | || |
+———————–+—————–++—————–+
|Deferred Tax |540 ||550 |
+———————–+—————–++—————–+
|Total long-term |540 ||550 |
|liabilities | || |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|Due to customers |18 044 ||13 804 |
+———————–+—————–++—————–+
|Trade payables |15 961 ||10 325 |
+———————–+—————–++—————–+
|Other current |9 579 ||9 539 |
|liabilities | || |
+———————–+—————–++—————–+
|Accrued expenses, |19 241 ||17 144 |
|deferred income | || |
+———————–+—————–++—————–+
|Total short-term |62 825 ||50 812 |
|liabilities | || |
+———————–+—————–++—————–+
|Total liabilities |63 365 ||51 362 |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|TOTAL EQUITY AND |138 141 ||101 417 |
|LIABILITIES | || |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+
|Pledged (kSEK) | || |
+———————–+—————–++—————–+
|Chattle |14 000 ||12 000 |
+———————–+—————–++—————–+
|Bank guarantee |- ||1 500 |
+———————–+—————–++—————–+
|Total pledged |14 000 ||13 500 |
+———————–+—————–++—————–+
| | || |
+———————–+—————–++—————–+

GROUP CASH FLOW STATEMENTS

+————————————+————–++————–+
|kSEK |Full year 2018||Full year 2017|
+————————————+————–++————–+
|Operating activities | || |
+————————————+————–++————–+
|Profit before tax |-12 953 ||-20 519 |
+————————————+————–++————–+
|Adjustment of items not included in |6 433 ||3 511 |
|the cash flow | || |
+————————————+————–++————–+
|Income tax paid |-2 219 ||-1 385 |
+————————————+————–++————–+
|Cash flow from operating activities |-8 738 ||-18 392 |
|before adjustments of working | || |
|capital | || |
+————————————+————–++————–+
| | || |
+————————————+————–++————–+
|Cash flow from changes in working | || |
|capital | || |
+————————————+————–++————–+
|Increase (-) / Decrease (+) of |-7 829 ||-12 413 |
|current receivables | || |
+————————————+————–++————–+
|Increase (+) / Decrease (-) of |12 013 ||11 074 |
|current liabilities | || |
+————————————+————–++————–+
|Cash flow from operating activities |-4 554 ||-19 731 |
+————————————+————–++————–+
| | || |
+————————————+————–++————–+
|Investing activities | || |
+————————————+————–++————–+
|Acquisitions/divestments, tangible |-228 ||-288 |
|assets | || |
+————————————+————–++————–+
|Acquisitions/divestments, intangible|-9 828 ||-11 676 |
|assets | || |
+————————————+————–++————–+
|Acquisitions/divestments, financial |-427 ||-356 |
|assets | || |
+————————————+————–++————–+
|Cash flow from investing activities |-10 482 ||-12 320 |
+————————————+————–++————–+
| | || |
+————————————+————–++————–+
|Financing activities | || |
+————————————+————–++————–+
|Issuance of warrants |- ||363 |
+————————————+————–++————–+
|Rights issue |37 419 ||- |
+————————————+————–++————–+
|Cash flow from financing activities |37 419 ||363 |
+————————————+————–++————–+
| | || |
+————————————+————–++————–+
|Net cash flow for the period |22 383 ||-31 687 |
+————————————+————–++————–+
|Cash and cash equivalents at the |22 827 ||54 514 |
|beginning of the period | || |
+————————————+————–++————–+
|Cash and cash equivalents at the end|45 210 ||22 827 |
|of the period | || |
+————————————+————–++————–+

GROUP KEY PERFORMANCE INDICATORS

+———————++——+—–+————————————-+——-+
| ||Oct |Oct |Full year 2018 |Full |
| ||-Dec |-Dec | |year |
| ||2018 |2017 | |2017 |
+———————++——+—–+————————————-+——-+
|Net sales growth rate||2.5 |11.4 |13.3 |15.6 |
|(%) || | | | |
+———————++——+—–+————————————-+——-+
|EBITDA (kSEK) ||-2 075|1 890|-7 937 |-16 435|
+———————++——+—–+————————————-+——-+
|EBITDA margin (%) ||Neg |3.1 |Neg |Neg |
+———————++——+—–+————————————-+——-+
|EBIT margin (%) ||Neg |1.5 |Neg |Neg |
+———————++——+—–+————————————-+——-+
|Profit margin (%) ||Neg |1.3 |Neg |Neg |
+———————++——+—–+————————————-+——-+
|Total assets (kSEK) ||138 |101 |138 141 |101 417|
| ||141 |417 | | |
+———————++——+—–+————————————-+——-+
|Equity / Assets ratio||54.1 |49.4 |54.1 |49.4 |
|(%) || | | | |
+———————++——+—–+————————————-+——-+
|No. of shares, end of||7 863 |7 148|7 863 186 |7 148 |
|period (pcs.) ||186 |351 | |351 |
+———————++——+—–+————————————-+——-+
|No. of shares, ||7 303 |7 148|7 187 520 |7 148 |
|average during period||750 |351 | |351 |
|(pcs.) || | | | |
+———————++——+—–+————————————-+——-+
|Earnings per share, ||-0.40 |0.11 |-1.94 |-2.87 |
|basic (SEK) || | | | |
+———————++——+—–+————————————-+——-+
|Earnings per share, ||-0.40 |0.11 |-1.94 |-2.87 |
|diluted (SEK) || | | | |
+———————++——+—–+————————————-+——-+
|Equity per share ||9.51 |7.00 |9.51 |7.00 |
|(SEK) || | | | |
+———————++——+—–+————————————-+——-+
|Dividend per share ||n/a |n/a |0.00[1] (http://file///C:/Users/hanna|0.00 |
|(SEK) || | |h.ackerman/AppData/Local/Microsoft/Wi| |
| || | |ndows/INetCache/Content.Outlook/JFV56| |
| || | |QL5/2019-03 | |
| || | |-22%20Interim%20report%20Nepa%20Q4%20| |
| || | |-18.docx#_ftn1) | |
+———————++——+—–+————————————-+——-+
|No. of employees, ||263 |254 |253 |238 |
|average (pcs.) || | | | |
+———————++——+—–+————————————-+——-+

Definitions

Net sales growth rate Percent of growth in net sales compared to a previous period.

EBITDA Earnings before interest, taxes, depreciation and amortization.

EBITDA margin EBITDA as a percentage of net sales.

EBIT margin EBIT as a percentage of net sales.

Profit margin Earnings before tax as a percent of net sales.

Equity / Assets ratio Equity as a percentage of total assets.

Earnings per share Profit attributable to the parent company’s shareholders divided by average number
of outstanding shares.

Equity per share Equity divided by number of outstanding shares.

Dividend per share Dividend for the period divided by the number of outstanding shares at the time of dividend.

No. of employees, average Number of FTE’s on average during the period.

PARENT COMPANY

INCOME STATEMENTS, PARENT COMPANY

+——————-++————++———–++————-++————-+
|kSEK ||Oct-Dec 2018|Oct-Dec 2017|Full year 2018|Full year 2017|
+——————-++————++———–++————-++————-+
|Net sales ||- |1 930 |73 |8 879 |
+——————-++————++———–++————-++————-+
|Other external ||556 |582 |2 018 |2 258 |
|income || | | | |
+——————-++————++———–++————-++————-+
| ||556 |2 512 |2 090 |11 137 |
+——————-++————++———–++————-++————-+
| || | | | |
+——————-++————++———–++————-++————-+
|Direct costs ||- |-100 |- |-684 |
+——————-++————++———–++————-++————-+
|Other external ||-491 |-651 |-2 053 |-2 622 |
|costs || | | | |
+——————-++————++———–++————-++————-+
|Personnel costs ||-2 735 |-4 291 |-10 552 |-15 831 |
+——————-++————++———–++————-++————-+
|Depreciations ||- |-4 |-3 |-16 |
+——————-++————++———–++————-++————-+
|Other operating ||- |- |-3 |- |
|costs || | | | |
+——————-++————++———–++————-++————-+
|Earnings Before ||-2 669 |-2 533 |-10 521 |-8 015 |
|Interest and Tax || | | | |
+——————-++————++———–++————-++————-+
| || | | | |
+——————-++————++———–++————-++————-+
|Results from shares||- |-162 |- |-162 |
|in group companies || | | | |
+——————-++————++———–++————-++————-+
|Financial income ||244 |92 |492 |245 |
+——————-++————++———–++————-++————-+
|Financial costs ||- |35 |-0 |33 |
+——————-++————++———–++————-++————-+
|Earnings After ||-2 425 |-2 569 |-10 029 |-7 900 |
|Financial Items || | | | |
+——————-++————++———–++————-++————-+
| || | | | |
+——————-++————++———–++————-++————-+
|Reversal of tax ||- |200 |- |200 |
|allocation reserve || | | | |
+——————-++————++———–++————-++————-+
|Earnings Before Tax||-2 425 |-2 369 |-10 029 |-7 700 |
+——————-++————++———–++————-++————-+
| || | | | |
+——————-++————++———–++————-++————-+
|Tax ||- |- |- |- |
+——————-++————++———–++————-++————-+
|Earnings After Tax ||-2 425 |-2 369 |-10 029 |-7 700 |
+——————-++————++———–++————-++————-+
| || | | | |
+——————-++————++———–++————-++————-+
| || | | | |
+——————-++————++———–++————-++————-+
| || || || || |
+——————-++————++———–++————-++————-+

BALANCE SHEETS, PARENT COMPANY

+———————————+—————–++—————–+
|ASSETS (kSEK) |December 31, 2018||December 31, 2017|
+———————————+—————–++—————–+
|Tangible assets |- ||3 |
+———————————+—————–++—————–+
|Financial assets |63 137 ||57 547 |
+———————————+—————–++—————–+
|Sum non-current assets |63 137 ||57 550 |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
|Trade receivables |2 ||626 |
+———————————+—————–++—————–+
|Receivables Group companies |4 095 ||4 568 |
+———————————+—————–++—————–+
|Tax receivables |184 ||670 |
+———————————+—————–++—————–+
|Other current receivables |- ||50 |
+———————————+—————–++—————–+
|Prepayments and accrued income |78 ||117 |
+———————————+—————–++—————–+
|Cash and cash equivalents |35 570 ||11 056 |
+———————————+—————–++—————–+
|Sum current assets |39 929 ||17 087 |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
|TOTAL ASSETS |103 065 ||74 637 |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
|EQUITY (kSEK) | || |
+———————————+—————–++—————–+
|Shareholders’ equity |1 573 ||1 430 |
+———————————+—————–++—————–+
|Share premium reserve |115 026 ||77 750 |
+———————————+—————–++—————–+
|Retained earnings |-5 969 ||437 |
+———————————+—————–++—————–+
|Net profit for the period |-10 029 ||-7 700 |
+———————————+—————–++—————–+
|Total equity |100 601 ||71 917 |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
|LIABILITIES (kSEK) | || |
+———————————+—————–++—————–+
|Trade payables |421 ||192 |
+———————————+—————–++—————–+
|Borrowings from Group companies |- ||80 |
+———————————+—————–++—————–+
|Other current liabilities |359 ||450 |
+———————————+—————–++—————–+
|Accrued expenses, deferred income|1 685 ||1 999 |
+———————————+—————–++—————–+
|Total liabilities |2 465 ||2 721 |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
|TOTAL EQUITY AND LIABILITIES |103 065 ||74 637 |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+
| | || |
+———————————+—————–++—————–+

NOTE: Changes in equity in summary

+———–+———+——–+——-+———-+——–+————+——+
|THE GROUP, |Share- |Other |Develop|Transla |Retained|Non |Total |
|kSEK |holders’|capital |-ment |-tion |earnings|-controlling|equity|
| |equity |contribu|fund |difference|incl. |interests | |
| | |-tions | | |net | | |
| | | | | |profit | | |
| | | | | |of | | |
| | | | | |the | | |
| | | | | |period | | |
+———–+———+——–+——-+———-+——–+————+——+
|THE GROUP | | | | | | | |
|2017 | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Opening |1 430 |77 750 |8 253 |140 |-16 799 |-714 |70 060|
|balance of | | | | | | | |
|equity | | | | | | | |
|January 1, | | | | | | | |
|2017 | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Change in |- |- |- |- |-714 |714 |- |
|share in | | | | | | | |
|subsidiary | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Net profit |- |- |- |- |-20 533 |- |-20 |
|of the | | | | | | |533 |
|period | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Translation|- |- |- |-685 |- |- |-685 |
|difference | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Development|- |- |9 840 |- |-9 840 |- |- |
|fund | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Issuance of|- |1 214 |- |- |- |- |1 214 |
|warrants | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Closing |1 430 |78 964 |18 093 |-545 |-47 886 |- |50 055|
|balance of | | | | | | | |
|equity | | | | | | | |
|December | | | | | | | |
|31, | | | | | | | |
|2017 | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
| | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|THE GROUP | | | | | | | |
|2018 | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Opening |1 430 |78 964 |18 093 |-545 |-47 886 |- |50 055|
|balance of | | | | | | | |
|equity | | | | | | | |
|January 1, | | | | | | | |
|2018 | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Net profit |- |- |- |- |-13 941 |- |-13 |
|of the | | | | | | |941 |
|period | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Translation|- |- |- |-52 |- |- |-52 |
|difference | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Development|- |- |6 160 |- |-6 160 |- |- |
|fund | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Issuance of|- |1 294 |- |- |- |- |1 294 |
|warrants | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Rights |143 |37 276 |- |- |- |- |37 419|
|issue | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
|Closing |1 573 |117 534 |24 253 |-597 |-67 987 |- |74 776|
|balance of | | | | | | | |
|equity | | | | | | | |
|December | | | | | | | |
|31, | | | | | | | |
|2018 | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+
| | | | | | | | |
+———–+———+——–+——-+———-+——–+————+——+

+——————–+————–+——-+—————–+——+
|PARENT COMPANY, kSEK|Shareholders’|Share |Retained earnings|Total |
| |equity |premium|incl. net profit |equity|
| | |reserve|of | |
| | | |the period | |
+——————–+————–+——-+—————–+——+
|PARENT COMPANY 2017 | | | | |
+——————–+————–+——-+—————–+——+
|Opening balance of |1 430 |77 750 |-777 |78 403|
|equity | | | | |
|January 1, 2017 | | | | |
+——————–+————–+——-+—————–+——+
|Net profit of the |- |- |-7 700 |-7 700|
|period | | | | |
+——————–+————–+——-+—————–+——+
|Issuance of warrants|- |- |1 214 |1 214 |
+——————–+————–+——-+—————–+——+
|Closing balance of |1 430 |77 750 |-7 263 |71 |
|equity December 31, | | | |917 |
|2017 | | | | |
+——————–+————–+——-+—————–+——+
| | | | | |
+——————–+————–+——-+—————–+——+
|PARENT COMPANY 2018 | | | | |
+——————–+————–+——-+—————–+——+
|Opening balance of |1 430 |77 750 |-7 263 |71 |
|equity | | | |917 |
|January 1, 2018 | | | | |
+——————–+————–+——-+—————–+——+
|Net profit of the |- |- |-10 029 |-10 |
|period | | | |029 |
+——————–+————–+——-+—————–+——+
|Issuance of warrants|- |- |1 294 |1 294 |
+——————–+————–+——-+—————–+——+
|Rights issue |143 |37 276 |- |37 419|
+——————–+————–+——-+—————–+——+
|Closing balance of |1 573 |115 026|-15 998 |100 |
|equity December 31, | | | |601 |
|2018 | | | | |
+——————–+————–+——-+—————–+——+

THE SHARE

The share capital of Nepa AB (publ) amounted, on December 31, 2018 to SEK 1,572,637.20 divided into 7,863,186 shares, each with a nominal value of SEK 0.20.

Nepa AB (publ) is listed on the Nasdaq First North stock exchange since April 26th, 2016 under the ticker NEPA.

A trading unit consists of onehundredandten (110) shares. All shares are of the same series and have the same voting rights and dividends rights.

Ten largest shareholders as of December 31, 2018 Number of shares Share/Votes

Ulrich Boyer                                                                                                    1,492,624                                                                                                                              19.0%
Swedbank Robur Fonder 873,352                                                                                                                              11.1%
Fredrik Östgren                                                                                                  696,178 8.9%

Handelsbankens Fonder AB 622,744 7.9%

Humle Småbolagsfond 603,329 7.7%
AMF Aktiefond Småbolag 471,610 6.0%
P-O Westerlund 416,169 5.3%

Elementa Fonder 285,946 3.6%
Acervo AB 250,000 3.2%

Hans Skruvfors 225,000 2.9%

Ten largest shareholders 5,936,952 75.5%

Other shareholders 1,926,234 24.5%
Total number of shares 7,863,186 100.0%

ACCOUNTING PRINCIPLES

The Group accounts have been established according to Swedish GAAP (Årsredovisningslagen and Bokföringsnämndens allmänna råd 2012:1 Årsredovisning och koncernredovisning (K3)). The Group consists of the parent company Nepa AB (publ) and nine subsidiaries, seven of which non-Swedish. Accounting principles and valuation principles correspond to the ones used in the latest annual report.

RISKS AND UNCERTAINCIES

Nepa faces several business risks and market risks, including the dependency of qualified personnel, the ability to handle growth and technological development.

AUDITING

This interim report has not been audited by the company’s auditors.

CERTIFIED ADVISER

Erik Penser Bank is Nepa’s Certified Adviser.
Phone: +46 8-463 83 00
E-mail: certifiedadviser@penser.se

FINANCIAL CALENDAR

Interim report January 1stto March 31st, 2019 May 21st, 2019

Annual general meeting 2019 May 29st, 2019

Interim report April 1stto June 30th, 2019 August 21st, 2019

Interim report July 1stto September 30th, 2019 November 21st, 2019

Year-end report 2019 March 20th, 2020

ANNUAL GENERAL MEETING AND DIVIDENDS

Annual general meeting will be held on May 29st, 2019 in Stockholm. The annual report will be published on May 10th, 2019 and will be available at the head office.

The Board of Directors have decided to propose to the annual general meeting that no dividends will be paid for the fiscal year 2018.

CERTIFICATION

The Board of Directors and the CEO certify that this interim report provides a correct depiction of the Group’s and parent company’s businesses, standings and results, and that it describes the relevant risk factors and uncertainties the company is facing.

Stockholm, March 22nd, 2019
The Board of Directors of Nepa AB (publ)

Ulrich Boyer Bo Mattsson Annika Steiber Simon Hay

Chairman of the Board Board member Board member Board member

Jan Carlzon P-O Westerlund Niclas Öhman Fredrik Östgren

Board member Board member Board member Board member, CEO

For further information, please contact:

Fredrik Östgren, CEO                          P-O Westerlund, Deputy CEO and CFO
+46 733 345 069                                  +46 706 404 824
fredrik.ostgren@nepa.com   p-o.westerlund@nepa.com

This is a translation of the Swedish interim report. If there should be any discrepancies, the Swedish language version governs. The Swedish version is information that Nepa AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on March 22, 2019.

———————————————————————-

[1] (http://file///C:/Users/hannah.ackerman/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/JFV56QL5/2019-03-22%20Interim%20report%20Nepa%20Q4%20-18.docx#_ftnref1) Dividend proposed by the Board of Directors.

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Bokslutskommuniké Nepa AB (publ), Q4 2018

mars 22, 2019

FORTSATT TILLVÄXT OCH FÖRBÄTTRAT RESULTAT UNDER 2018

FJÄRDE KVARTALET, OKTOBER - DECEMBER 2018

Nettoomsättningen ökade 2,5% till 63,0 (61,4) MSEK
Bruttoresultatet ökade 5,5% till 50,2 (47,6) MSEK
Rörelseresultatet uppgick till -3,6 (0,9) MSEK
Periodens resultat uppgick till -2,9 (0,8) MSEK
Resultat per aktie uppgick till, före utspädning -0,40 (0,11) kronor, efter utspädning -0,40 (0,11) kronor

HELÅRET, JANUARI – DECEMBER 2018

Nettoomsättningen ökade 13,3% till 241,5 (213,1) MSEK
Bruttoresultatet ökade 15,9% till 182,9 (157,9) MSEK
Rörelseresultatet uppgick till -13,3 (-19,8) MSEK
Periodens resultat uppgick till -13,9 (-20,5) MSEK
Resultat per aktie uppgick till, före utspädning -1,94 (-2,87) kronor, efter utspädning -1,94 (-2,87) kronor

VÄSENTLIGA HÄNDELSER

UNDER PERIODEN

Den nordiska modekedjan Dressman valde Nepas CX Tracker för att stärka kundupplevelsen i butik.
Den 12 december genomfördes en riktad nyemission om 714 835 aktier och Nepa tillfördes härigenom cirka 39,3 MSEK.

EFTER PERIODEN

Nepa i USA inleder samarbete med Louisville City Football Club och Forward Madison F.C.

VD HAR ORDET

Under 2018 fortsatte Nepa framgångsrikt med strategin mot ökad skalbarhet, resultat och expansion vilket resulterade i en ökad bruttovinst om 16 procent (jämfört med 15 procent under 2017). Samtidigt förbättrades vårt rörelseresultat med 7 MSEK jämfört med 2017 (till -13 MSEK).

Vi har tagit flera viktiga steg som tar oss i önskad rikning mot förbättrat resultat:

1) Hemmamarknad Sverige – lönsam tillväxt
Nepa har fortsatt stärka vår marknadsledande position i Sverige tack vare god försäljning av abonnemangsprodukter inom Customer Experience och Marketing Optimization. I en värld där konsumentens köp bara är ett klick bort, blir våra kunders varumärken allt viktigare för att driva försäljning. Detta har resulterat i ökad efterfrågan för våra abonnemangsprodukter inom Marketing Optimization och Customer Experience, vilket har stärkt våra redan tidigare starka nettomarginaler ytterligare.

2) Etablerade marknader Storbritannien och Finland – kraftig och lönsam tillväxt
2018 innebar ett genombrott för Nepa i Storbritannien – då vi uppnådde lönsamhet för första gången och ökade bruttovinsten med 127 procent jämfört med 2017. Investeringen i Storbritannien har omfattat att utveckla produkten Path-to-Purchase som skapat globalt intresse. Även i Finland fortsatte vi att växa och förbättrade vår lönsamhet markant tack vare försäljning av våra abonnemangsprodukter inom särskilt Marketing Optimization. Vi förväntar oss att tillväxt kommer att fortsätta och nettomarginalerna fortsätta att öka under 2019.

3) Investeringsmarknad USA – kraftig tillväxt på etableringsmarknad i investeringsfas
Under 2018 har vi investerat kraftigt i vår amerikanska expansion genom att etablera både försäljning- och marknadsavdelningen i USA. Vi har byggt upp ett starkt team och skapat rätt förutsättningar för att slå igenom på den amerikanska marknaden. Vårt fokus på spelbolag och sport har resulterat i kunder som Psyonix, Louisville City Football Club och Forward Madison F.C.. Vi har idag amerikanska kunder inom samtliga produktområden.

Den generella marknadsoron under det fjärde kvartalet påverkade våra kunders investeringsvilja negativt, vilket i sin tur påverkade vår projektbaserade försäljning, vilken säsongsmässigt brukar vara starkast under årets sista kvartal. Koncernens bruttovinstökning uppgick i fjärde kvartalet till 5,4 procent samtidigt som bruttovinsten från vår projektbaserade försäljning minskade med 20 procent jämfört med samma kvartal föregående år. Vi har efter periodens utgång sett att efterfrågan har återgått till historiska nivåer även för denna del av vår affär.

Vår resultatförbättring under 2018 är en effekt av ett långsiktigt fokus på ökad skalbarhet. Under 2018 har förhållandet mellan personalkostnader och bruttovinsttillväxt förbättrats kraftigt. Personalkostnaderna ökade med 8%, samtidigt som bruttovinsten ökade med 16 procent. Det kan jämföras med 2017 då personalkostnaderna ökade med 31 procent medan bruttovinsten växte med 15 procent.

Slutligen vill jag välkomna alla som deltog i den riktade nyemission som slutfördes den 12 december 2018. Vi har inlett 2019 med en stark finansiell position som tillåter oss att fortsätta vårt fokus på tillväxt, skalbarhet och lönsamhet. Jag ser fram emot att arbeta mot att ta Nepa till nästa nivå under 2019.

Fredrik Östgren
VD

KONCERNEN

VERKSAMHETEN

VISION

”We change the way decisions are made”.

Samhällets stora digitala omställning driver företag till att bli mer kundcentriska. Aldrig förr har behovet av att lyssna på och förstå sina kunder varit viktigare för ett framgångsrikt företagande. Genom innovativa lösningar och mjukvara möjliggör Nepa kundorienterat beslutsfattande i hela organisationen hos sina uppdragsgivare.

AFFÄRSIDÉ

Nepas affärsidé är att hjälpa företag att bli mer kundorienterade genom att föra in konsumentens röst i företags affärsutveckling och dagliga beslutsfattande. Nepa kombinerar konsumenternas åsikter med faktisk beteendedata för att omvandla traditionella insikter till agerbara och finansiellt kvantifierbara åtgärder.

AFFÄRSMODELL

Nepa är ett banbrytande tillväxtbolag inom researchbranschen som erbjuder innovativa lösningar och mjukvara för att leverera agerbara insikter till sina uppdragsgivare. Nepa har utvecklat automatiserade processer för kontinuerlig datainsamling, dataanalys och distribution av agerbara insikter samt förslag till åtgärder.

Drygt 65 procent av Nepas intäkter härstammar från abonnemangstjänster för vilka avtalen sträcker sig minst 12 månader fram i tiden. Övriga intäkter kommer från uppdrag baserat på kundspecifika affärsutmaningar, alltid med ambitionen att skapa en långsiktig abonnemangsaffär alternativt att bygga skalbara produkter som kan appliceras på fler kunder och i fler industrier.

Den egenutvecklade plattformen Consumer Science Platform® säljs som en kombination av:

1. En plattformslicens för hantering av kundfeedback och interface för att automatiskt berika uppdragsgivarnas övriga IT-system med beteendedata.
2. Standardiserade produkter – Consumer Science Platform® Applications Suite.
3. Lösning på kundspecifika affärsutmaningar.

Nepas försäljningsmodell fokuserar alltid på uppdragsgivarens affärsutmaningar och bygger på sammansättningen av färdiga analysmoduler vilket resulterar i en hög grad av kostnadseffektiv kundanpassning.

KONCERNENS UTVECKLING

INTÄKTER

Koncernens nettoomsättning ökade under det fjärde kvartalet med 2,5 procent till 62 972 (61 441) kSEK och bruttoresultatet ökade med 5,5 procent till 50 155
(47 556) kSEK.

Helåret 2018 ökade koncernens nettoomsättning med 13,3 procent till 241 485 (213 148) kSEK och bruttoresultatet ökade med 15,9 procent till 182 880 (157 859) kSEK.

RESULTAT

Koncernens rörelseresultat uppgick under det fjärde kvartalet till -3 605 (912) kSEK medan periodens resultat uppgick till -2 949 (794) kSEK.

Helåret 2018 uppgick koncernens rörelseresultat till -13 251 (-19 761) kSEK medan periodens resultat uppgick till -13 941 (-20 533) kSEK.

KONCERNENS RESULTATRÄKNING

+———————–++————+————+———-+———-++
|kSEK ||Okt-Dec 2018|Okt-Dec 2017|Helår 2018|Helår 2017||
+———————–++————+————+———-+———-++
|Nettoomsättning ||62 972 |61 441 |241 485 |213 148 ||
+———————–++————+————+———-+———-++
|Övriga rörelseintäkter ||926 |1 109 |3 788 |3 340 ||
+———————–++————+————+———-+———-++
| ||63 898 |62 550 |245 273 |216 488 ||
+———————–++————+————+———-+———-++
| || | | | ||
+———————–++————+————+———-+———-++
|Direkta kostnader ||-12 817 |-13 885 |-58 604 |-55 289 ||
+———————–++————+————+———-+———-++
|Övriga externa ||-7 502 |-5 417 |-27 761 |-24 114 ||
|kostnader || | | | ||
+———————–++————+————+———-+———-++
|Personalkostnader ||-44 885 |-40 618 |-162 784 |-151 404 ||
+———————–++————+————+———-+———-++
|Avskrivningar ||-1 530 |-977 |-5 314 |-3 326 ||
+———————–++————+————+———-+———-++
|Övriga rörelsekostnader||-769 |-741 |-4 061 |-2 116 ||
+———————–++————+————+———-+———-++
|Rörelseresultat ||-3 605 |912 |-13 251 |-19 761 ||
+———————–++————+————+———-+———-++
| || | | | ||
+———————–++————+————+———-+———-++
|Finansiella intäkter ||475 |230 |1 571 |1 168 ||
+———————–++————+————+———-+———-++
|Finansiella kostnader ||-308 |-337 |-1 273 |-1 926 ||
+———————–++————+————+———-+———-++
|Resultat före skatt ||-3 439 |806 |-12 953 |-20 519 ||
+———————–++————+————+———-+———-++
| || | | | ||
+———————–++————+————+———-+———-++
|Skatt ||490 |-12 |-988 |-15 ||
+———————–++————+————+———-+———-++
|Periodens resultat ||-2 949 |794 |-13 941 |-20 533 ||
+———————–++————+————+———-+———-++
|Varav hänförligt till ||-2 949 |794 |-13 941 |-20 533 ||
|moderbolagets || | | | ||
|aktieägare || | | | ||
+———————–++————+————+———-+———-++
| || | | | ||
+———————–++————+————+———-+———-++
|Antal aktier vid ||7 863 186 |7 148 351 |7 863 186 |7 148 351 ||
|periodens utgång (st) || | | | ||
+———————–++————+————+———-+———-++
|Genomsnittligt antal ||7 303 750 |7 148 351 |7 187 520 |7 148 351 ||
|aktier under perioden || | | | ||
|(st) || | | | ||
+———————–++————+————+———-+———-++
|Resultat per aktie, ||-0,40 |0,11 |-1,94 |-2,87 ||
|före utspädning (kr) || | | | ||
+———————–++————+————+———-+———-++
|Resultat per aktie, ||-0,40 |0,11 |-1,94 |-2,87 ||
|efter utspädning (kr) || | | | ||
+———————–++————+————+———-+———-++

KONCERNENS BALANSRÄKNING

+——————————————–+———-++———-+
|TILLGÅNGAR (kSEK) |2018-12-31||2017-12-31|
+——————————————–+———-++———-+
|Immateriella anläggningstillgångar |25 939 ||21 006 |
+——————————————–+———-++———-+
|Materiella anläggningstillgångar |742 ||811 |
+——————————————–+———-++———-+
|Finansiella anläggningstillgångar |855 ||415 |
+——————————————–+———-++———-+
|Summa anläggningstillgångar |27 536 ||22 232 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|Kundfordringar |49 559 ||46 610 |
+——————————————–+———-++———-+
|Skattefordringar |2 349 ||1 129 |
+——————————————–+———-++———-+
|Övriga fordringar |2 638 ||3 339 |
+——————————————–+———-++———-+
|Förutbetalda kostnader, upplupna intäkter |10 848 ||5 281 |
+——————————————–+———-++———-+
|Likvida medel |45 210 ||22 827 |
+——————————————–+———-++———-+
|Summa omsättningstillgångar |110 605 ||79 186 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|SUMMA TILLGÅNGAR |138 141 ||101 417 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|EGET KAPITAL (kSEK) | || |
+——————————————–+———-++———-+
|Aktiekapital |1 573 ||1 430 |
+——————————————–+———-++———-+
|Utvecklingsfond |24 253 ||18 093 |
+——————————————–+———-++———-+
|Övrigt tillskjutet kapital |117 534 ||78 964 |
+——————————————–+———-++———-+
|Omräkningsdifferens |-597 ||-545 |
+——————————————–+———-++———-+
|Balanserat resultat inkl. periodens resultat|-67 987 ||-47 886 |
+——————————————–+———-++———-+
|Summa eget kapital |74 776 ||50 055 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|SKULDER (kSEK) | || |
+——————————————–+———-++———-+
|Uppskjuten skatteskuld |540 ||550 |
+——————————————–+———-++———-+
|Summa långfristiga skulder |540 ||550 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|Skuld till beställare |18 044 ||13 804 |
+——————————————–+———-++———-+
|Leverantörsskulder |15 961 ||10 325 |
+——————————————–+———-++———-+
|Övriga skulder |9 579 ||9 539 |
+——————————————–+———-++———-+
|Upplupna kostnader, förutbetalda intäkter |19 241 ||17 144 |
+——————————————–+———-++———-+
|Summa kortfristiga skulder |62 825 ||50 812 |
+——————————————–+———-++———-+
|Summa skulder |63 365 ||51 362 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|SUMMA EGET KAPITAL OCH SKULDER |138 141 ||101 417 |
+——————————————–+———-++———-+
| | || |
+——————————————–+———-++———-+
|Ställda säkerheter (kSEK) | || |
+——————————————–+———-++———-+
|Företagsinteckningar |14 000 ||12 000 |
+——————————————–+———-++———-+
|Bankgaranti |- ||1 500 |
+——————————————–+———-++———-+
|Summa ställda säkerheter |14 000 ||13 500 |
+——————————————–+———-++———-+

KONCERNENS KASSAFLÖDESANALYS

+————————————+———-++————+
|kSEK |Helår 2018||Helår 2017 |
+————————————+———-++————+
|Den löpande verksamheten | || |
+————————————+———-++————+
|Resultat före skatt |-12 953 ||-20 519 |
+————————————+———-++————+
|Justering för poster som inte ingår |6 433 ||3 511 |
|i kassaflödet | || |
+————————————+———-++————+
|Betald inkomstskatt |-2 219 ||-1 385 |
+————————————+———-++————+
|Kassaflöde från löpande verksamheten|-8 738 || -18 392|
|före förändringar av rörelsekapital | || |
+————————————+———-++————+
| | || |
+————————————+———-++————+
|Kassaflöde från förändringar i | || |
|rörelsekapital | || |
+————————————+———-++————+
|Ökning (-) / Minskning (+) av |-7 829 ||-12 413 |
|rörelsefordringar | || |
+————————————+———-++————+
|Ökning (+) / Minskning (-) av |12 013 ||11 074 |
|rörelseskulder | || |
+————————————+———-++————+
|Kassaflöde från den löpande |-4 554 ||-19 731 |
|verksamheten | || |
+————————————+———-++————+
| | || |
+————————————+———-++————+
|Investeringsverksamheten | || |
+————————————+———-++————+
|Förvärv/avyttringar, materiella |-228 ||-288 |
|anläggningstillgångar | || |
+————————————+———-++————+
|Förvärv/avyttringar, immateriella |-9 828 ||-11 676 |
|anläggningstillgångar | || |
+————————————+———-++————+
|Förvärv/avyttringar, finansiella |-427 ||-356 |
|tillgångar | || |
+————————————+———-++————+
|Kassaflöde från |-10 482 ||-12 320 |
|investeringsverksamheten | || |
+————————————+———-++————+
| | || |
+————————————+———-++————+
|Finansieringsverksamheten | || |
+————————————+———-++————+
|Utgivande av teckningsoption |- ||363 |
+————————————+———-++————+
|Nyemission |37 419 ||- |
+————————————+———-++————+
|Kassaflöde från |37 419 ||363 |
|finansieringsverksamheten | || |
+————————————+———-++————+
| | || |
+————————————+———-++————+
|Periodens kassaflöde |22 383 ||-31 687 |
+————————————+———-++————+
|Likvida medel vid periodens början |22 827 ||54 514 |
+————————————+———-++————+
|Likvida medel vid periodens slut |45 210 ||22 827 |
+————————————+———-++————+

KONCERNENS NYCKELTAL

+——————-++—–+—–+—————————————+—–+
| ||Okt |Okt |Helår 2018 |Helår|
| ||-Dec |-Dec | |2017 |
| ||2018 |2017 | | |
+——————-++—–+—–+—————————————+—–+
|Omsättningstillväxt||2,5 |11,4 |13,3 |15,6 |
|(%) || | | | |
+——————-++—–+—–+—————————————+—–+
|EBITDA (kSEK) ||-2 |1 890|-7 937 |-16 |
| ||075 | | |435 |
+——————-++—–+—–+—————————————+—–+
|EBITDA-marginal (%)||Neg |3,1 |Neg |Neg |
+——————-++—–+—–+—————————————+—–+
|Rörelsemarginal (%)||Neg |1,5 |Neg |Neg |
+——————-++—–+—–+—————————————+—–+
|Vinstmarginal (%) ||Neg |1,3 |Neg |Neg |
+——————-++—–+—–+—————————————+—–+
|Balansomslutning ||138 |101 |138 141 |101 |
|(kSEK) ||141 |417 | |417 |
+——————-++—–+—–+—————————————+—–+
|Soliditet (%) ||54,1 |49,4 |54,1 |49,4 |
+——————-++—–+—–+—————————————+—–+
|Antal aktier vid ||7 863|7 148|7 863 186 |7 148|
|periodens slut (st)||186 |351 | |351 |
+——————-++—–+—–+—————————————+—–+
|Genomsnittligt ||7 303|7 148|7 187 520 |7 148|
|antal ||750 |351 | |351 |
|aktier under || | | | |
|perioden || | | | |
|(st) || | | | |
+——————-++—–+—–+—————————————+—–+
|Resultat per aktie,||-0,40|0,11 |-1,94 |-2,87|
|före utspädning || | | | |
|(kr) || | | | |
+——————-++—–+—–+—————————————+—–+
|Resultat per aktie,||-0,40|0,11 |-1,94 |-2,87|
|efter utspädning || | | | |
|(kr) || | | | |
+——————-++—–+—–+—————————————+—–+
|Eget kapital per ||9,51 |7,00 |9,51 |7,00 |
|aktie || | | | |
|(kr) || | | | |
+——————-++—–+—–+—————————————+—–+
|Utdelning per aktie||n/a |n/a |0,00[1] (http://file///C:/Users/hannah.|0,00 |
|(kr) || | |ackerman/AppData/Local/Microsoft/Window| |
| || | |s/INetCache/Content.Outlook/JFV56QL5/20| |
| || | |19-03 | |
| || | |-22%20Del%C3%A5rsrapport%20Nepa%20Q4%20| |
| || | |-18.docx#_ftn1) | |
+——————-++—–+—–+—————————————+—–+
|Medelantal ||263 |254 |253 |238 |
|anställda || | | | |
|(st) || | | | |
+——————-++—–+—–+—————————————+—–+

Definitioner

Omsättningstillväxt Den procentuella nettoomsättningsökningen jämfört med en tidigare period.

EBITDA Rörelseresultat före räntor, skatter, nedskrivningar och avskrivningar.

EBITDA-marginal EBITDA i procent av periodens nettoomsättning.

Rörelsemarginal Rörelseresultat i procent av periodens nettoomsättning.

Vinstmarginal Resultat efter finansiella poster i procent av periodens nettoomsättning.

Soliditet Eget kapital i procent av balansomslutningen.

Resultat per aktie Moderbolagets andel av periodens resultat dividerat med genomsnittligt antal utestående aktier.

Eget kapital per aktie Redovisat eget kapital dividerat med antal utestående aktier.

Utdelning per aktie Periodens utdelning dividerat med antal utestående aktier vid utdelningstillfället.

Medelantal anställda Antal anställda omräknat till heltidstjänster och räknat som medeltal under perioden.

MODERBOLAGET

MODERBOLAGETS RESULTATRÄKNING

+———————++————+————+———-+———-+
|kSEK ||Okt-Dec 2018|Okt-Dec 2017|Helår 2018|Helår 2017|
+———————++————+————+———-+———-+
|Nettoomsättning ||- |1 930 |73 |8 879 |
+———————++————+————+———-+———-+
|Övriga ||556 |582 |2 018 |2 258 |
|rörelseintäkter || | | | |
+———————++————+————+———-+———-+
| ||556 |2 512 |2 090 |11 137 |
+———————++————+————+———-+———-+
| || | | | |
+———————++————+————+———-+———-+
|Direkta kostnader ||- |-100 |- |-684 |
+———————++————+————+———-+———-+
|Övriga externa ||-491 |-651 |-2 053 |-2 622 |
|kostnader || | | | |
+———————++————+————+———-+———-+
|Personalkostnader ||-2 735 |-4 291 |-10 552 |-15 831 |
+———————++————+————+———-+———-+
|Avskrivningar ||- |-4 |-3 |-16 |
+———————++————+————+———-+———-+
|Övriga ||- |- |-3 |- |
|rörelsekostnader || | | | |
+———————++————+————+———-+———-+
|Rörelseresultat ||-2 669 |-2 533 |-10 521 |-8 015 |
+———————++————+————+———-+———-+
| || | | | |
+———————++————+————+———-+———-+
|Resultat från andelar||- |-162 |- |-162 |
|i koncernföretag || | | | |
+———————++————+————+———-+———-+
|Ränteintäkter och ||244 |92 |492 |245 |
|liknande || | | | |
|resultatposter || | | | |
+———————++————+————+———-+———-+
|Räntekostnader och ||- |35 |-0 |33 |
|liknande || | | | |
|resultatposter || | | | |
+———————++————+————+———-+———-+
|Resultat efter ||-2 425 |-2 569 |-10 029 |-7 900 |
|finansiella poster || | | | |
+———————++————+————+———-+———-+
| || | | | |
+———————++————+————+———-+———-+
|Återföring av ||- |200 |- |200 |
|bokslutsdispositioner|| | | | |
+———————++————+————+———-+———-+
|Resultat före skatt ||-2 425 |-2 369 |-10 029 |-7 700 |
+———————++————+————+———-+———-+
| || | | | |
+———————++————+————+———-+———-+
|Skatt ||- |- |- |- |
+———————++————+————+———-+———-+
|Periodens resultat ||-2 425 |-2 369 |-10 029 |-7 700 |
+———————++————+————+———-+———-+
| || | | | |
+———————++————+————+———-+———-+
| || | | | |
+———————++————+————+———-+———-+

MODERBOLAGETS BALANSRÄKNING

+—————————————–+———-++———-+
|TILLGÅNGAR (kSEK) |2018-12-31||2017-12-31|
+—————————————–+———-++———-+
|Materiella anläggningstillgångar |- ||3 |
+—————————————–+———-++———-+
|Finansiella anläggningstillgångar |63 137 ||57 547 |
+—————————————–+———-++———-+
|Summa anläggningstillgångar |63 137 ||57 550 |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
|Kundfordringar |2 ||626 |
+—————————————–+———-++———-+
|Fordringar hos koncernföretag |4 095 ||4 568 |
+—————————————–+———-++———-+
|Aktuell skattefordran |184 ||670 |
+—————————————–+———-++———-+
|Övriga fordringar |- ||50 |
+—————————————–+———-++———-+
|Förutbetalda kostnader, upplupna intäkter|78 ||117 |
+—————————————–+———-++———-+
|Likvida medel |35 570 ||11 056 |
+—————————————–+———-++———-+
|Summa omsättningstillgångar |39 929 ||17 087 |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
|SUMMA TILLGÅNGAR |103 065 ||74 637 |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
|EGET KAPITAL (kSEK) | || |
+—————————————–+———-++———-+
|Aktiekapital |1 573 ||1 430 |
+—————————————–+———-++———-+
|Överkursfond |115 026 ||77 750 |
+—————————————–+———-++———-+
|Balanserat resultat |-5 969 ||437 |
+—————————————–+———-++———-+
|Periodens resultat |-10 029 ||-7 700 |
+—————————————–+———-++———-+
|Summa eget kapital |100 601 ||71 917 |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
|SKULDER (kSEK) | || |
+—————————————–+———-++———-+
|Leverantörsskulder |421 ||192 |
+—————————————–+———-++———-+
|Skulder till koncernföretag |- ||80 |
+—————————————–+———-++———-+
|Övriga skulder |359 ||450 |
+—————————————–+———-++———-+
|Upplupna kostnader, förutbetalda intäkter|1 685 ||1 999 |
+—————————————–+———-++———-+
|Summa skulder |2 465 ||2 721 |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
|SUMMA EGET KAPITAL OCH SKULDER |103 065 ||74 637 |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+
| | || |
+—————————————–+———-++———-+

NOT: Förändring i eget kapital i sammandrag

+——————-+——–++–+———++———++——++———+++———-+——–+
|KONCERNEN, kSEK |Aktie |Övrigt |Utveck |Omräk |Balanserat|Innehav utan|Summa |
| |-kapital|tillskjutet |-lingsfond|-nings |resultat |bestämmande|eget |
| | |kapital | |-reserv|inkl. |inflytande |kapital |
| | | | | |periodens | | |
| | | | | |resultat | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|KONCERNEN 2017 | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Ingående eget |1 430 |77 750 |8 253 |140 |-16 799 |-714 |70 060 |
|kapital 2017-01-01 | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Förändring av andel|- |- |- |- |-714 |714 |- |
|i dotterbolag | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Periodens resultat |- |- |- |- |-20 533 |- |-20 533 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Omräkningsdifferens|- |- |- |-685 |- |- |-685 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utvecklingsfond |- |- |9 840 |- |-9 840 |- |- |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgivande av |- |1 214 |- |- |- |- |1 214 |
|teckningsoptioner | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgående eget |1 430 |78 964 |18 093 |-545 |-47 886 |- |50 055 |
|kapital 2017-12-31 | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|KONCERNEN 2018 | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Ingående eget |1 430 |78 964 |18 093 |-545 |-47 886 |- |50 055 |
|kapital 2018-01-01 | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Periodens resultat |- |- |- |- |-13 941 |- |-13 941 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Omräkningsdifferens|- |- |- |-52 |- |- |-52 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utvecklingsfond |- |- |6 160 |- |-6 160 |- |- |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgivande av |- |1 294 |- |- |- |- |1 294 |
|teckningsoptioner |143 |37 276 |- |- |- |- |37 419 |
|Nyemission | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgående eget |1 573 |117 534 |24 253 |-597 |-67 987 |- |74 776 |
|kapital 2018-12-31 | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|MODERBOLAGET, kSEK |Aktiekapital|Överkursfond |Balanserat |Summa |
| | | |resultat |eget |
| | | |inkl. |kapital |
| | | |periodens | |
| | | |resultat | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|MODERBOLAGET 2017 | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Ingående eget |1 430 |77 750 |-777 |78 403 |
|kapital 2017-01-01 | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Periodens resultat |- |- |-7 700 |-7 700 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgivande av |- |- |1 214 |1 214 |
|teckningsoptioner | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgående eget |1 430 |77 750 |-7 263 |71 917 |
|kapital 2017-12-31 | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|MODERBOLAGET 2018 | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Ingående eget |1 430 |77 750 |-7 263 |71 917 |
|kapital 2018-01-01 | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Periodens resultat |- |- |-10 029 |-10 029 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgivande av |- |- |1 294 |1 294 |
|teckningsoptioner | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Nyemission |143 |37 276 |- |37 419 |
+——————-+——–++–+———++———++——++———+++———-+——–+
|Utgående eget |1 573 |115 026 |-15 998 |100 601 |
|kapital 2018-12-31 | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | | | | | |
+——————-+——–++–+———++———++——++———+++———-+——–+
| | || | || || || ||| | |
+——————-+——–++–+———++———++——++———+++———-+——–+

AKTIEN

Nepa AB (publ) hade per den 31 december 2018 ett aktiekapital om 1 572 637,20 kronor fördelat på 7 863 186 aktier, envar med ett kvotvärde om 0,20 kronor.

Nepa AB (publ) är sedan den 26 april 2016 noterat på Nasdaq First North Stockholm under kortnamnet NEPA.

En handelspost i Nepa omfattar etthundratio (110) aktier. Samtliga aktier utgörs av samma serie och äger samma rätt till röst och utdelning i bolaget.

De tio största aktieägarna per den 31 december 2018 Antal aktier Innehav & röster

Ulrich Boyer 1 492 624 19,0%
Swedbank Robur Fonder 873 352 11,1%
Fredrik Östgren 696 178 8,9%

Handelsbankens Fonder AB 622 744 7,9%

Humle Småbolagsfond                                                                                       603 329                                                                                                                                7,7%
AMF Aktiefond Småbolag                                                                                  471 610 6,0%
P-O Westerlund                                                                                                 416 169                                                                                                                                5,3%
Elementa Fonder                                                                                               285 946                                                                                                                                3,6%

Acervo AB 250 000 3,2%

Hans Skruvfors 225 000 2,9%

De tio största ägarna 5 936 952 75,5%

Övriga aktieägare 1 926 234 24,5%
Summa aktier 7 863 186 100,0%

REDOVISNINGSPRINCIPER

Koncernredovisningen har upprättats i enlighet med årsredovisningslagen och Bokföringsnämndens allmänna råd 2012:1 Årsredovisning och koncernredovisning (K3). Koncernen består av moderbolaget Nepa AB (publ) samt nio rörelsedrivande dotterbolag, varav sju utländska. Redovisningsprinciper och värderingsprinciper överensstämmer med de som tillämpats i den senaste årsredovisningen.

RISKER OCH OSÄKERHETSFAKTORER

Nepa är utsatt för ett antal verksamhets- och marknadsrelaterade risker som inkluderar beroende av kvalificerad personal, förmåga att hantera tillväxt och teknisk utveckling.

REVISORERNAS GRANSKNING

Delårsrapporten har inte varit föremål för särskild granskning av bolagets revisorer.

CERTIFIED ADVISER

Erik Penser Bank är Nepas Certified Adviser.
Telefonnummer: +46 8-463 83 00
E-post: certifiedadviser@penser.se

FINANSIELL KALENDER

Delårsrapport 1 januari – 31 mars 2019 21 maj 2019

Årsstämma 2019 29 maj 2019

Delårsrapport 1 april – 30 juni 2019 21 augusti 2019

Delårsrapport 1 juli – 30 september 2019 21 november 2019

Bokslutskommuniké 2019 20 mars 2020

ÅRSSTÄMMA OCH UTDELNING

Årsstämman kommer att hållas i Stockholm den 29 maj 2019. Årsredovisningen kommer att publiceras och finnas tillgänglig på huvudkontoret den 10 maj 2019.

Styrelsen har beslutat att föreslå årsstämman att ingen utdelning lämnas för räkenskapsåret 2018.

INTYGANDE

Styrelsen och verkställande direktören försäkrar att delårsrapporten ger en rättvisande bild av koncernens och moderbolagets verksamhet, ställning och resultat samt beskriver väsentliga risker och osäkerhetsfaktorer som företaget står inför.

Stockholm den 22 mars 2019
Styrelsen i Nepa AB (publ)

Ulrich Boyer Bo Mattsson Annika Steiber Simon Hay

Ordförande Ledamot Ledamot Ledamot

Jan Carlzon P-O Westerlund Niclas Öhman Fredrik Östgren

Ledamot Ledamot Ledamot Ledamot, VD

För ytterligare information, vänligen kontakta:

Fredrik Östgren, VD P-O Westerlund, Vice VD och CFO
+46 733 345 069 +46 706 404 824
fredrik.ostgren@nepa.com p-o.westerlund@nepa.com

Denna information är sådan information som Nepa AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 22 mars 2019 kl. 08:00 CET.

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[1] (http://file///C:/Users/hannah.ackerman/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/JFV56QL5/2019-03-22%20Del%C3%A5rsrapport%20Nepa%20Q4%20-18.docx#_ftnref1) Av styrelsen föreslagen utdelning.

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Nepa has carried out a directed share issue of 714,835 shares, raising proceeds of SEK 39.3 million

december 12, 2018

THE INFORMATION IN THIS PRESS RELEASE MAY NOT BE ANNOUNCED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR IN ANY OTHER JURISDICTION WHERE THE RELEASE, PUBLICATION OR DISTRIBUTION OF THE INFORMATION WOULD NOT COMPLY WITH OR REQUIRE REGISTRATION UNDER APPLICABLE LAWS AND REGULATIONS.

Press release

Stockholm, 12 December 2018

Nepa has carried out a directed share issue of 714,835 shares, raising proceeds of SEK 39.3 million

Nepa AB (publ) (”Nepa” or the ”Company”) has, based on the authorization granted by the annual general meeting on 31 May 2018, resolved to carry out a directed share issue of 714,835 shares at a subscription price of SEK 55 per share in cash. The subscription price has been established by the Company’s board of directors, in collaboration with Handelsbanken Capital Markets, based on the considered interest to invest shown by institutional investors and the board of directors’ therefore assess that the subscription price is in accordance with market conditions. The Company will receive proceeds of SEK 39.3 million before transaction cost for the directed share issue.

Subscribers in the directed share issue are the institutional investors AMF Fonder, Elementa, Enter Fonder AB, Grenspecialisten Förvaltning AB, Handelsbanken Fonder AB, Humle Småbolagsfond and Swedbank Robur Fonder.

The reasons for the deviation from the shareholders’ preferential rights is to diversify the shareholder base among institutional investors and at the same time carry out the capital raising in a time and cost-effective manner. The directed share issue increases the Company’s financial flexibility and the proceeds will primarily be used to finance the Company’s continued growth efforts with focus on the ongoing growth initiatives in the United States and the United Kingdom. Nepa has had a strong momentum in the UK market during the first three quarters of 2018 with a gross profit growth of 172 percent and today the Company is profitable in this market. The Company’s platform and product offering have been adapted to the US market and Nepa now intends to focus on further growth in the United States through investments within marketing and sales aimed at strengthening the Company’s brand and position in this market.

As a result of the directed share issue, the number of shares and votes in the Company will increase with 714,835 from 7,148,351 to 7,863,186. The share capital will increase with SEK 142,967.00 from SEK 1,429,670.20 to SEK 1,572,637.20. The directed share issue entails a dilution effect for existing shareholders of approximately 9.1 percent based on the total number of shares and votes in Nepa after the directed share issue.

In order to facilitate the delivery of shares in the directed share issue, the Company’s main owner, Ulrich Boyer, will lend 714,835 shares to Handelsbanken Capital Markets. The lent shares will be returned after the directed share issue has been registered with the Swedish Companies Registration Office.

In connection with the directed share issue, the Company has agreed with Handelsbanken Capital Markets not to issue additional shares during a period of 180 days. Certain customary exemptions under the agreement apply after consultation with Handelsbanken Capital Markets. In addition, Ulrich Boyer, Fredrik Östgren, P-O Westerlund, Niclas Öhman and Hans Skruvfors has agreed not to sell their respective shareholdings during a lock-up period of 180 days.

Handelsbanken Capital Markets has been appointed as Sole Lead Manager and Bookrunner and Advokatfirman Lindahl acts as legal advisor in the directed share issue.

Contact Information:

Fredrik Östgren
CEO
Maria Skolgata 83 118 53
Stockholm, Sweden
+46 733 345 069
fredrik.ostgren@nepa.com

P-O Westerlund
Deputy CEO, CFO
Maria Skolgata 83 118 53
Stockholm, Sweden
+46 706 404 824
p-o.westerlund@nepa.com

This information is such information that Nepa AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the above stated contact persons on 12 December 2018 at 08:00 CET.

About Nepa

Headquartered in Stockholm and with local presence in Helsinki, Oslo, Copenhagen, London, Mumbai, New York, Miami, Cincinnati and Denver, we help some of the world’s most reputable brands in more than 50 countries to optimize customer experience investments and get more effect out of their marketing and sales. Nepa has been awarded DI Gasell’s award for organic fast-growing companies in 6 of 7 years since 2011. The company is publicly traded at the Nasdaq First North Stockholm stock exchange since 2016. Erik Penser Bank is Nepa’s Certified Adviser.

Important information

The release, publication or distribution of this press release may in certain jurisdictions be subject to restriction by law, and persons in the jurisdictions where this press release has been published or distributed should ascertain and comply with such legal restrictions. This press release does not contain or constitute a solicitation or offer to acquire or subscribe for any securities in Nepa in any jurisdiction.

This press release does not constitute an offer to purchase securities in the United States. The securities referred to herein may not be sold in the United States without registration under the US Securities Act of 1933, as amended, or without reliance upon an exemption from such registration. The information in this press release may not be announced, published or distributed, directly or indirectly, in the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, South Korea, or in any other jurisdiction where the release, publication or distribution of the information would not comply with applicable laws and regulations.

This press release is not a prospectus. Nepa has not authorized any offer to the public of shares or rights in any member state of the EEA and no prospectus or other offering document has been or will be prepared in connection with the directed share issue.

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Nepa har genomfört en riktad nyemission om 714 835 aktier och tillförs härigenom cirka 39,3 MSEK

december 12, 2018

INFORMATIONEN I DETTA PRESSMEDDELANDE FÅR INTE OFFENTLIGGÖRAS, PUBLICERAS ELLER DISTRIBUERAS, DIREKT ELLER INDIREKT, TILL USA, AUSTRALIEN, HONG KONG, JAPAN, KANADA, NYA ZEELAND, SCHWEIZ, SINGAPORE, SYDAFRIKA, SYDKOREA, ELLER NÅGON ANNAN JURISDIKTION DÄR OFFENTLIGGÖRANDE, PUBLICERING ELLER DISTRIBUTION AV INFORMATIONEN SKULLE VARA I STRID MED ELLER KRÄVA REGISTRERING ENLIGT GÄLLANDE REGLER.

Pressmeddelande

Stockholm, 12 december 2018

Nepa har genomfört en riktad nyemission om 714 835 aktier och tillförs härigenom cirka 39,3 MSEK

Nepa AB (publ) (”Nepa” eller ”Bolaget”) har, med stöd av det bemyndigande styrelsen erhöll på årsstämman den 31 maj 2018, beslutat om en riktad kontant nyemission om 714 835 aktier till en teckningskurs om 55 kronor per aktie. Teckningskursen har fastställts av Bolagets styrelse, i samråd med Handelsbanken Capital Markets, baserat på det bedömda investeringsintresset från institutionella investerare och styrelsen bedömer därmed att teckningskursen har säkerställts vara marknadsmässig. Genom den riktade nyemissionen tillförs Bolaget cirka 39,3 MSEK före emissionskostnader.

Tecknare i nyemissionen utgörs av de institutionella investerarna AMF Fonder, Elementa, Enter Fonder AB, Grenspecialisten Förvaltning AB, Handelsbanken Fonder AB, Humle Småbolagsfond och Swedbank Robur Fonder.

Skälet till avvikelsen från aktieägarnas företrädesrätt är att diversifiera ägarbasen bland institutionella investerare och samtidigt genomföra kapitalanskaffningen på ett tids- och kostnadseffektivt sätt. Genom nyemissionen ökas Bolagets finansiella flexibilitet och emissionslikviden kommer huvudsakligen användas för finansiering av Bolagets fortsatta tillväxt med fokus på pågående satsningar i USA och Storbritannien. I Storbritannien har Nepa under de tre första kvartalen 2018 haft ett starkt momentum med en bruttovinsttillväxt om 172 procent och Bolaget är idag lönsamt på denna marknad. Bolagets plattform och produkterbjudande har vidare anpassats för den amerikanska marknaden och Nepa avser nu att fokusera på ytterligare tillväxt i USA genom satsningar på marknadsföring och försäljning i syfte att stärka Bolagets varumärke och position på denna marknad.

Genom den riktade nyemissionen kommer det totala antalet aktier och röster i Bolaget att öka med 714 835 från 7 148 351 till 7 863 186. Aktiekapitalet ökar med 142 967,00 SEK från 1 429 670,20 SEK till 1 572 637,20 SEK. Nyemissionen medför en utspädningseffekt för existerande aktieägare om cirka 9,1 procent baserat på det totala antalet aktier och röster i Nepa efter nyemissionen.

I syfte att underlätta leverans av aktier i den riktade nyemissionen kommer Bolagets störste ägare, Ulrich Boyer, låna ut 714 835 aktier till Handelsbanken Capital Markets. De lånade aktierna kommer att återlämnas efter det att nyemissionen registrerats hos Bolagsverket.

I samband med den riktade nyemissionen har Bolaget åtagit sig gentemot Handelsbanken Capital Markets att under en period om 180 dagar inte emittera ytterligare aktier. Vissa sedvanliga undantag gäller enligt åtagandet efter samråd med Handelsbanken Capital Markets. Dessutom har Ulrich Boyer, Fredrik Östgren, P-O Westerlund, Niclas Öhman och Hans Skruvfors åtagit sig att inte sälja sina respektive aktieinnehav under en lock up-period om 180 dagar.

Som rådgivare i den riktade nyemissionen har Bolaget anlitat Handelsbanken Capital Markets som Sole Lead Manager och Bookrunner och Advokatfirman Lindahl som legal rådgivare.

För frågor, kontakta

Fredrik Östgren
CEO
Maria Skolgata 83 118 53
Stockholm
+46 733 345 069
fredrik.ostgren@nepa.com
P-O Westerlund
Deputy CEO, CFO
Maria Skolgata 83 118 53
Stockholm
+46 706 404 824
p-o.westerlund@nepa.com

Denna information är sådan information som Nepa AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 12 december 2018, kl. 08:00 CET.

Om Nepa

Nepa grundades 2006 och noterades på Nasdaq First North i april 2016. Med huvudkontor i Stockholm och lokal närvaro i Helsingfors, Oslo, Köpenhamn, London, Mumbai, Gurgaon, New York, Miami, Cincinnati och Denver, hjälper vi några av världens starkaste varumärken i mer än 50 länder att effektivisera sin marknadsföring och försäljning. Nepa har tilldelats DI Gasells utmärkelse för organiskt snabbväxande företag i 6 av 7 år sedan 2011. Bolaget är börsnoterat på Nasdaq First North Stock Exchange sedan 2016. Erik Penser Bank är Nepas certifierade rådgivare.

Viktig information

Utgivning, offentliggörande eller distribution av detta pressmeddelande kan i vissa jurisdiktioner vara föremål för restriktioner enligt lag och personer i de jurisdiktioner där detta pressmeddelande har offentliggjorts eller distribuerats bör informera sig om och följa sådana legala restriktioner. Detta pressmeddelande utgör inte ett erbjudande om, eller inbjudan att förvärva eller teckna, några värdepapper i Nepa i någon jurisdiktion.

Detta pressmeddelande utgör inte ett erbjudande att förvärva värdepapper i USA. Värdepapperna som omnämns häri får inte säljas i USA utan registrering enligt den vid var tid gällande U.S. Securities Act från 1933 eller utan tillämpning av ett undantag från sådan registrering. Informationen i detta pressmeddelande får inte offentliggöras, publiceras eller distribueras, direkt eller indirekt, till USA, Australien, Hong Kong, Japan, Kanada, Nya Zeeland, Schweiz, Singapore, Sydafrika, Sydkorea, eller någon annan jurisdiktion där offentliggörande, publicering eller distributionen av informationen skulle vara i strid med gällande regler.

Detta pressmeddelande är inte ett prospekt. Nepa har inte lämnat eller godkänt något erbjudande till allmänheten av aktier eller rättigheter i någon medlemsstat i EES och inget prospekt har tagits fram eller kommer att tas fram i samband med den riktade nyemissionen.

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SATS selects Nepa for brand health measurement

december 3, 2018

Strong demand for brand tracking solutions from businesses of all sizes

Date: Dec 3, 2018

Oslo, Norway

Nepa, a leading Consumer Science company providing customer experience and marketing optimization solutions, is pleased to announce that SATS as a new brand health tracking client. The company will utilize Nepa’s solution to measure their brand’s health, which includes a footprint of 220 fitness centers in Norway, Sweden, Finland and Denmark.

Rune Espedalen, Managing Director at Nepa’s Norwegian office said ”We are excited to welcome SATS as a client and are looking forward to start working with them. Our ESOMAR awarded brand tracking methodology provides a reliable tool for them to manage and grow their brands across the Nordics.”

”Nepa’s vast experience in brand tracking across the Nordic region made them the ideal solution for helping us establish a reliable and steady stream of consumer sentiment about SATS brands and our competitors ”says Marianne Orderud, Nordic Head of Marketing at SATS.

”The continued growth in our brand tracking business indicates that companies recognize the importance of brand health to attract new customers in today’s complex marketing landscape. We’re excited SATS will use our proven approach and strong Norwegian team to brand tracking – we look forward to a continued partnership.” Fredrik Östgren, CEO at Nepa.

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GROSS PROFIT GROWTH OF 24.5 PERCENT AND SUBSTANTIALLY IMPROVED EBIT

november 23, 2018

This is a translation of the Swedish interim report. If there should be any discrepancies, the Swedish language version governs.

THIRD QUARTER, JULY – SEPTEMBER 2018

Net sales increased by 22.8% to MSEK 56.0 (45.6)
Gross profit increased by 24.5% to MSEK 41.2 (33.1)
EBIT was MSEK -3.4 (-8.6)
Earnings after tax was MSEK -3.6 (-8.3)
Earnings per share was, basic SEK -0.51 (-1.16), diluted SEK -0.50 (-1.14)

NINE MONTHS, JANUARY – SEPTEMBER 2018

Net sales increased by 17.7% to MSEK 178.5 (151.7)
Gross profit increased by 20.3% to MSEK 132.7 (110.3)
EBIT was MSEK -9.6 (-20.7)
Earnings after tax was MSEK -11.0 (-21.3)
Earnings per share was, basic SEK -1.54 (-2.98), diluted SEK -1.51 (-2.93)

IMPORTANT EVENTS

DURING THE PERIOD

San Diego based video-game developer Psyonix selects Nepa as its provider of ongoing Brand and Advertisement measurement.
Nepa expands into global sports and signs U.S. based industry veteran Steve Livingstone to lead change.
Nepa’s new product CX Tracker attracts several new clients, including European specialty retailer Plantagen.

AFTER THE PERIOD ENDED

Dressmann, Nordic menswear fashion chain, chooses Nepa’s CX Tracker for Customer Experience measurement.

A WORD FROM OUR CEO

I am very proud of Nepa’s third quarter results – we have posted continued strong growth while executing on our strategy of scalability, profitability and expansion. In the third quarter, gross profit grew by 24.5 percent. This takes our 2018 YTD gross profit growth to 20.3 percent – a substantial increase from 14.3 percent in the same period in the previous year (Q1-Q3 2017). EBIT was MSEK -3.4 in the third quarter, an improvement by MSEK 5.2 compared to the same quarter in 2017.

Our larger markets can be divided into three segments:

1.   Home market: Sweden – Continued profitable growth
Sweden’s success has been fuelled by our Customer Experience product suite, we have won multiple new clients such as Plantagen and Dressmann. Since the launch of CX Tracker in March the Swedish market continues to demonstrate high demand for this product. We are expecting rapid growth that will further strengthen our net margins.
2.   Established markets: Finland and UK – fast, profitable growth
In the UK, the third quarter was especially strong posting 2018 YTD gross profit growth of 172 percent compared to the same period last year. This is a milestone for Nepa that proves our international competitiveness. Since late 2016 the UK management team and consumer packaged goods focus has accelerated growth and the UK business has become profitable. In the third quarter, Liz Earle, a global skincare manufacturer become a Nepa client.
3.   Investment market: USA – rapid growth market entry, investment phase
In the third quarter we launched Nepa’s Customer Experience offer tailored towards sports companies. It has been very well received and created a strong pipeline in the USA and globally. Expansion of existing client relationships has contributed to rapid growth in the US business.

Nepa’s long term focus on increasing product scalability has resulted in positive effects on profitability. The relationship between personnel costs and growth during the past 15 months illustrates this. Gross profit increased by 24.5 percent in the third quarter while personnel costs grew by 6.6 percent, so our net margin continues to grow.

Fredrik Östgren
CEO

Fredrik Östgren
CEO
Maria Skolgata 83 118 53
Stockholm, Sweden
+46 733 345 069 fredrik.ostgren@nepa.com
P-O Westerlund
Deputy CEO, CFO
Maria Skolgata 83 118 53
Stockholm, Sweden+46 706 404 824 p-o.westerlund@nepa.com

This is a translation of the Swedish interim report. If there should be any discrepancies, the Swedish language version governs. The Swedish version is information that Nepa AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on November 23, 2018.

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TILLVÄXT i BRUTTORESULTAT OM 24,5 PROCENT OCH KRAFTIGT FÖRBÄTTRAT RÖRELSERESULTAT

november 23, 2018

TREDJE KVARTALET, JULI – SEPTEMBER 2018

Nettoomsättningen ökade 22,8% till 56,0 (45,6) MSEK

Bruttoresultatet ökade 24,5% till 41,2 (33,1) MSEK

Rörelseresultatet uppgick till -3,4 (-8,6) MSEK

Periodens resultat uppgick till -3,6 (-8,3) MSEK

Resultat per aktie uppgick till, före utspädning -0,51 (-1,16) kronor, efter utspädning -0,50 (-1,14) kronor

NIO MÅNADER, JANUARI – SEPTEMBER 2018

Nettoomsättningen ökade 17,7% till 178,5 (151,7) MSEK
Bruttoresultatet ökade 20,3% till 132,7 (110,3) MSEK
Rörelseresultatet uppgick till -9,6 (-20,7) MSEK
Periodens resultat uppgick till -11,0 (-21,3) MSEK
Resultat per aktie uppgick till, före utspädning -1,54 (-2,98) kronor, efter utspädning -1,51 (-2,93) kronor

VÄSENTLIGA HÄNDELSER

UNDER PERIODEN

San Diego-baserade videospeltillverkaren Psyonix väljer Nepas Consumer Science Platform® för sin kontinuerliga varumärkes- och reklamoptimering.
Nepa expanderar inom global sport och anställer industriveteranen Steve Livingstone med bakgrund från bland annat NFL.
Nepas nya produkt CX Tracker attraherar flera nya kunder, bland andra Plantagen.

EFTER PERIODEN

Den nordiska modekedjan Dressman väljer Nepas CX Tracker för att stärka kundupplevelsen i butik.

VD HAR ORDET

Jag är mycket stolt över Nepas tredje kvartal – vi uppvisar fortsatt stark tillväxt samtidigt som vi realiserar strategin om ökad skalbarhet, lönsamhet och expansion. I tredje kvartalet ökade bruttovinsten med 24,5 procent, vilket ackumulerat för årets första nio månader ger en bruttovinsttillväxt om 20,3 procent – en markant ökning från 14,3 procent under samma period 2017. Rörelseresultatet för tredje kvartalet uppgick till -3,4 MSEK, vilket är en förbättring med 5,2 MSEK jämfört med samma period 2017.

Våra större marknader kan delas in i tre segment:

1.   Hemmamarknad: Sverige – fortsatt lönsam tillväxt
Framgången i Sverige har stärkts av våra produkter inom området Customer Experience, inom vilket flera nya kunder tillkommit, bland andra Plantagen och Dressmann. Sedan lanseringen av CX Tracker i mars ser vi en fortsatt kraftig efterfrågan på den svenska marknaden, vilket förväntas förbättra våra nettomarginaler ytterligare.
2.   Etablerade marknader: Finland och Storbritannien – kraftig och lönsam tillväxt
Storbritannien växte särskilt snabbt i tredje kvartalet – ackumulerat för de första nio månaderna uppvisar Nepa UK en tillväxt i bruttovinst om 172 procent jämfört med samma period föregående år. Det här är en milstolpe för Nepa och ett bevis på vår internationella konkurrenskraft. Sedan den nya ledningen kom på plats i november 2016 och tack vare en satsning mot kundsegmentet snabbrörliga konsum¬tionsvaror, har tillväxttakten ökat och bolaget har vänt till lönsamhet. Under tredje kvartalet blev det globala kosmetikföretaget Liz Earle ny kund.
3.   Investeringsmarknad: USA – kraftig tillväxt på etableringsmarknad i investeringsfas
Under tredje kvartalet lanserades Nepas Customer Experience-erbjudande skräddarsytt för sportbolag, vilket har mottagits mycket väl och skapat stort intresse både i USA och globalt. Merförsäljning till befintliga kunder har bidragit till den snabba tillväxten i USA.

Nepas långsiktiga fokus på att öka produkternas skalbarhet har haft positiva effekter på lönsamheten. Förhållandet mellan personalkostnader och försäljningstillväxt under de senaste 15 månaderna, visar den ökade skalbarheten. Bruttovinsten ökade med 24,5 procent i det tredje kvartalet samtidigt som personalkostnaderna ökade med 6,6 procent, vilket sammantaget har effekten att våra nettomarginaler kontinuerligt stärks.

Fredrik Östgren
VD

Fredrik Östgren
CEO
Maria Skolgata 83 118 53
Stockholm, Sweden
+46 733 345 069 fredrik.ostgren@nepa.com
P-O Westerlund
Deputy CEO, CFO
Maria Skolgata 83 118 53
Stockholm, Sweden+46 706 404 824 p-o.westerlund@nepa.com

Denna information är sådan information som Nepa AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades, genom ovanstående kontaktpersoners försorg, för offentliggörande den 23 november 2018 kl. 08:00 CET.

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Natural skincare manufacturer Liz Earle maximizes profit with Nepa’s pricing optimization tools

november 2, 2018

Data-driven decision-making results in £1,200,000 profit increase

Date: November 2, 2018

Stockholm, Sweden

Nepa, a leading Consumer Science company providing customer experience insights and marketing optimization solutions, has released the results of a data analytics project with skincare manufacturer Liz Earle. Using Nepa’s strategic pricing tool, the skincare company implemented price changes in multiple categories and increased profitability.

”Nepa’s team provided an actionable solution which proved to have a high predictive accuracy. 12 months after implementing price changes in 7 categories, we have increased profit £1,200,000 in the first year. We are very happy with these results that are testament to our focus on the consumer and being a data-driven organization.” Rian Edward, Liz Earle Representative

”Nepa used a Discrete choice experiment approach, enabling us to test thousands of possible pricing configurations. This type of methodology is robust but often requires a combination of historical sales data and experimental choice data to accurately predict future consumer behavior. The Nepa team has great experience with these types of projects.” – Niclas Ohman, Chief Product Officer at Nepa

”These results show Nepa’s dynamic ability to provide clients with a range of actionable solutions powered by our passionate and talented team.” Fredrik Östgren, CEO at Nepa.

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Dressmann, Nordic menswear fashion chain, chooses Nepa for Customer Experience measurement

oktober 9, 2018

Holistic CX measurement solution and extensive retail experience leads to another client partnership

Oct 9th, 2018

Stockholm

Nepa, a leading Consumer Science company providing customer experience and marketing optimization solutions, has been chosen by Dressmann to provide continuous customer experience insights.

Nepa’s CX Tracker product will collect, analyze and report customer feedback data from 400 Dressmann stores in Sweden, Norway and Finland.

”Nepa’s solution helps deliver the best experiences to our customers in the areas that matter the most by aggregating feedback from thousands of customers across all of our locations. The system gives us better understanding of our customers key demands and helps us make the right priorities to ensure a convenient shopping experience from their perspective.” Knut-Erik Kolberg, Dressmann.

”After a long collaboration with Dressmann on brand development we’re thrilled to add them as a CX partner as well. Fashion retail is one of the many industries driving demand for our Brand and CX solutions. Nepa has specialized CX solutions that help these companies deliver on their financial targets by developing their customer experience.” Fredrik Östgren, CEO at Nepa.

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Nepa AB (publ): Northern Europe’s leading audiobook service Storytel selects Nepa to measure Global Customer Experience

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Full Year Report Nepa AB (publ), Q4 2018

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Bokslutskommuniké Nepa AB (publ), Q4 2018

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Nepa has carried out a directed share issue of 714,835 shares, raising proceeds of SEK 39.3 million

Blog Posts

Nepa har genomfört en riktad nyemission om 714 835 aktier och tillförs härigenom cirka 39,3 MSEK

Blog Posts

SATS selects Nepa for brand health measurement

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GROSS PROFIT GROWTH OF 24.5 PERCENT AND SUBSTANTIALLY IMPROVED EBIT

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TILLVÄXT i BRUTTORESULTAT OM 24,5 PROCENT OCH KRAFTIGT FÖRBÄTTRAT RÖRELSERESULTAT

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Natural skincare manufacturer Liz Earle maximizes profit with Nepa’s pricing optimization tools

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Dressmann, Nordic menswear fashion chain, chooses Nepa for Customer Experience measurement

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