Home alarm company Sensor Alarm reports declining sales in the first quarter compared to the same period last year. The operating loss decreased.

Sales fell to SEK 0.7 million (0.8).

"The first quarter of 2024 has been characterized by continued efficiency measures to adapt the company to current market conditions," says CEO Jonas Liedberg in a comment.

"Both real wage reductions and increased competition in the home alarm market have presented challenges. In this market situation, Sensor Alarm, with its price-leading solutions and customizable products, has a competitive advantage in the market segments in which the company operates."

The Ebitda result was SEK -0.1 million (-0.5).

The operating result was SEK -0.4 million (-0.9).

The result after tax was SEK -0.5 million (-0.9).

Earnings per share amounted to SEK -0.01 (-0.02).

"It is with confidence that we step into a new quarter. With our already strong offering and a completely new business model where we are the first on the market with a connected alarm without a monthly fee, we will make a strong impression on the market," says Liedberg.

Sensor Alarm, SEKmQ1-2024 Q1-2023 ChangeNet sales 0.7 0.8 -12.5%Ebitda-0.1 -0.5 Operating profit-0.4 -0.9 Net profit-0.5 -0.9 Earnings per share, SEK-0.01 -0.02