Fingerprint Cards AB comments on the trading halt on March 20 and information in media regarding analyst meetings
Fingerprint Cards AB would like to make a clarification following information in media regarding the company`s contacts with analysts. Fingerprint Cards has regular conversations with analysts in order to discuss their assumptions, and to repeat and clarify the company`s earlier communications regarding the financial development.
The company notes that two analysts have issued updates following the calls held on March 19. In accordance with applicable regulations, Fingerprint Cards has not communicated price sensitive information in analyst meetings, nor has the company commented on analyst estimates.
During the calls that were held on March 19, the company made comments on, for example, the accelerating change in market conditions for capacitive fingerprint sensors for smartphones, as communicated in the year-end report for 2017;
In the company`s assessment, conditions in the Chinese smartphone market slackened additionally in the fourth quarter and the company expects sales to continue to weaken in the first quarter of 2018.
In terms of value, the company expects the market for fingerprint sensors for smartphones to decline in 2018.
To achieve a long-term improvement in profitability, the company has launched a number of activities that will generate effects early in the second quarter of 2018.
The year-end report is available via https://corporate.fingerprints.com/en/2018/02/09/fingerprint-cards-ab-year-end-report-january-december-2017/
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Source: Fingerprint Cards AB via GlobeNewswire
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