Operator Systems A/S

Development in activities and financial matters
As announced in the latest years' financial reports the company is implementing a new product and marketing strategy with strong focus on OEE. This causes heavy investments in new technology, redesign / update of the standard software, as well as investments in sales and marketing. This is driven by the increased number of new technologies and possibilities arising in the market, like Industry 4.0, IIoT and Cloud technology.

The new product strategy has resulted in several new product developments and releases. The core Operator product has been released in a complete new and updated version, including several updated functionalities like SPC, QA, Traceability as well as a new Maintenance module. Furthermore, we have and will release new Apps for iOS and Android.

Last year the board decided to increase the focus strategy further to also include markets and customer segments. Poland and Denmark are defined as strategic focus markets, while Food and Furniture are defined as strategic focus segments. This is simply to utilize our strong product offering in these markets and segments. The segment focus has resulted in a strategic long-term agreement with Lantmännen Unibake to implement Operator as OEE solution on 25+ production sites around the world. The focus strategy will still allow us to utilize our full MES functionality and to do projects in other markets and segments where we already have a strong presence.

The gross profit for the year is t.DKK 5.387 against t.DKK 5.339 last year. The result from ordinary activities after tax are t.DKK 158 against t.DKK -674 last year. Given the impact from heavy investments in product development and sales & marketing activities, the Management considers the result as acceptable. During 2022-2023 the cost structure has changed a lot. This will take full effect in 2023-2024 and a positive result of 1+ MDKK is expected - that will be invested in people.