Interim report for the period January 1 - December 31, 2017

October - December

  • Total revenue amounted to MSEK 15.3 (25.2), a decrease of 39% compared to the same quarter last year
  • Other revenue amounted to MSEK 1.1 (-0.1)
  • EBITDA result amounted to MSEK -3.8 (7.7)
  • EBITDA margin amounted to -24.8% (30.7%)
  • Profit after tax amounted to MSEK -6.3 (0.4)
  • Profit per share amounted to SEK -0.91 (0.01)
  • Total cash flow amounted to MSEK -2.1 (-1.7)

January - December

  • Total revenue amounted to MSEK 76.1 (97.2), a decrease of 22% compared to the same quarter last year
  • Other revenue amounted to MSEK 5.5 (0.8)
  • EBITDA result amounted to MSEK 11.0 (32.8)
  • EBITDA margin amounted to 14.5% (33.7)
  • Profit after tax amounted to MSEK -1.7 (25.1)
  • Profit per share amounted to SEK -0.27 (50.19)
  • Total cash flow amounted to MSEK 0.3 (-0.6)

CEO comment
"Returning as CEO of SDS, I enter with good insight and great respect when taking on the leadership role again. I am convinced that my eight years of experience with Seamless and SDS will serve the company and our customers well. I've seen Seamless grow from the small Swedish IT company with international ambitions to today's SDS with the majority of employees working close to our customers in Africa, Asia and the Middle East. SDS is today a multicultural, international company with impressive capabilities and expertise in our markets.

We have seen a weak 2017 in terms of both sales and profit. After the separation from former owner Invuo, we have spent a lot of time cleaning up things and especially in the Indian business we had inadequate accounting that resulted in cost of cleaning up just over 2 MSEK hitting the fourth quarter. We now have new financial staff in place to ensure the quality of the accounts forward. Nobody is happy with last year's outcome, but our energy and willingness to win is unbroken and I'm optimistic about the future.

Our customers still give us confidence in increased recurring revenue and purchases of our new products, such as microcredit. Hard work during the past year has resulted in a large number of potential businesses, which however have not come to an end at the pace we expected. At the same time, we have not lost any significant business but our clients' investment decisions have been pushed forward over the year-end. The time span for sales campaigns against new major customers is often several years, from first contact to finish. Our order potential is good, but difficult to control on time. After a weak 2017, I now look forward to a successful 2018 "

For the complete report see the attached file.

February 13, 2018

For further information, please contact:
Lars Kevsjö, CFO
lars.kevsjo@seamless.se

This information is the information that Seamless Distribution Systems AB (publ) is required to disclose under the EU Market Abuse Regulation.

The information was submitted for publication on February 13, 2018 at. 08.30 CET.

About Seamless Distribution Systems AB (SDS)
SDS is a Swedish software company with solutions for electronic distribution of services to private consumers through mobile operators in emerging countries. The company offers its corporate customers a comprehensive solution for digital transactions. The company has customers in 28 markets that reach over 200 million mobile consumers through more than 675,000 retailers. SDS has about 140 employees in Sweden, Belgium, Ghana, USA, Pakistan, India, Ecuador and the United Arab Emirates. With over 16 years of experience, SDS focuses on high level of customer satisfaction and effective development. SDS manages over 5.3 billion transactions annually and enables the growing population of emerging countries to become part of the mobile revolution.

SDS share is listed on NASDAQ First North Premier.

The company's Certified Adviser is Mangold Fondkommission AB, telephone number +46 8-5030 1550.

Interim report for the period January 1 - December 31, 2017

October - December

  • Total revenue amounted to MSEK 15.3 (25.2), a decrease of 39% compared to the same quarter last year
  • Other revenue amounted to MSEK 1.1 (-0.1)
  • EBITDA result amounted to MSEK -3.8 (7.7)
  • EBITDA margin amounted to -24.8% (30.7%)
  • Profit after tax amounted to MSEK -6.3 (0.4)
  • Profit per share amounted to SEK -0.91 (0.01)
  • Total cash flow amounted to MSEK -2.1 (-1.7)

January - December

  • Total revenue amounted to MSEK 76.1 (97.2), a decrease of 22% compared to the same quarter last year
  • Other revenue amounted to MSEK 5.5 (0.8)
  • EBITDA result amounted to MSEK 11.0 (32.8)
  • EBITDA margin amounted to 14.5% (33.7)
  • Profit after tax amounted to MSEK -1.7 (25.1)
  • Profit per share amounted to SEK -0.27 (50.19)
  • Total cash flow amounted to MSEK 0.3 (-0.6)

CEO comment
"Returning as CEO of SDS, I enter with good insight and great respect when taking on the leadership role again. I am convinced that my eight years of experience with Seamless and SDS will serve the company and our customers well. I've seen Seamless grow from the small Swedish IT company with international ambitions to today's SDS with the majority of employees working close to our customers in Africa, Asia and the Middle East. SDS is today a multicultural, international company with impressive capabilities and expertise in our markets.

We have seen a weak 2017 in terms of both sales and profit. After the separation from former owner Invuo, we have spent a lot of time cleaning up things and especially in the Indian business we had inadequate accounting that resulted in cost of cleaning up just over 2 MSEK hitting the fourth quarter. We now have new financial staff in place to ensure the quality of the accounts forward. Nobody is happy with last year's outcome, but our energy and willingness to win is unbroken and I'm optimistic about the future.

Our customers still give us confidence in increased recurring revenue and purchases of our new products, such as microcredit. Hard work during the past year has resulted in a large number of potential businesses, which however have not come to an end at the pace we expected. At the same time, we have not lost any significant business but our clients' investment decisions have been pushed forward over the year-end. The time span for sales campaigns against new major customers is often several years, from first contact to finish. Our order potential is good, but difficult to control on time. After a weak 2017, I now look forward to a successful 2018 "

For the complete report see the attached file.

February 13, 2018

For further information, please contact:
Lars Kevsjö, CFO
lars.kevsjo@seamless.se

This information is the information that Seamless Distribution Systems AB (publ) is required to disclose under the EU Market Abuse Regulation.

The information was submitted for publication on February 13, 2018 at. 08.30 CET.

About Seamless Distribution Systems AB (SDS)
SDS is a Swedish software company with solutions for electronic distribution of services to private consumers through mobile operators in emerging countries. The company offers its corporate customers a comprehensive solution for digital transactions. The company has customers in 28 markets that reach over 200 million mobile consumers through more than 675,000 retailers. SDS has about 140 employees in Sweden, Belgium, Ghana, USA, Pakistan, India, Ecuador and the United Arab Emirates. With over 16 years of experience, SDS focuses on high level of customer satisfaction and effective development. SDS manages over 5.3 billion transactions annually and enables the growing population of emerging countries to become part of the mobile revolution.

SDS share is listed on NASDAQ First North Premier.

The company's Certified Adviser is Mangold Fondkommission AB, telephone number +46 8-5030 1550.

Bokslutskommuniké för perioden 1 januari - 31 december 2017

Oktober - december

  • Total omsättning uppgick till 15,3 (25,2) MSEK, en minskning med 39% jämfört med samma kvartal föregående år
  • Övriga rörelseintäkter uppgick till 1,1 (-0,1) MSEK
  • EBITDA-resultatet uppgick till -3,8 (7,7) MSEK
  • EBITDA-marginalen uppgick till -24,8% (30,7%)
  • Resultat efter skatt uppgick till -6,3 (0,4) MSEK
  • Resultat per aktie uppgick till -0,91 (0,01) SEK
  • Totalt kassaflöde uppgick till -2,1 (-1,7) MSEK

Januari - december

  • Total omsättning uppgick till 76,1 (97,2) MSEK, en minskning med 22% jämfört med samma period föregående år
  • Övriga rörelseintäkter uppgick till 5,5 (0,8) MSEK
  • EBITDA-resultatet uppgick till 11,0 (32,8) MSEK
  • EBITDA-marginalen uppgick till 14,5% (33,7%)
  • Resultat efter skatt uppgick till -1,7 (25,1) MSEK
  • Resultat per aktie uppgick till -0,27 (50,19) SEK
  • Totalt kassaflöde uppgick till 0,3 (-0,6) MSEK

Interim report for the period January 1 - December 31, 2017

October - December

  • Total revenue amounted to MSEK 15.3 (25.2), a decrease of 39% compared to the same quarter last year
  • Other revenue amounted to MSEK 1.1 (-0.1)
  • EBITDA result amounted to MSEK -3.8 (7.7)
  • EBITDA margin amounted to -24.8% (30.7%)
  • Profit after tax amounted to MSEK -6.3 (0.4)
  • Profit per share amounted to SEK -0.91 (0.01)
  • Total cash flow amounted to MSEK -2.1 (-1.7)

January - December

  • Total revenue amounted to MSEK 76.1 (97.2), a decrease of 22% compared to the same quarter last year
  • Other revenue amounted to MSEK 5.5 (0.8)
  • EBITDA result amounted to MSEK 11.0 (32.8)
  • EBITDA margin amounted to 14.5% (33.7)
  • Profit after tax amounted to MSEK -1.7 (25.1)
  • Profit per share amounted to SEK -0.27 (50.19)
  • Total cash flow amounted to MSEK 0.3 (-0.6)

SDS tjänst för mikrokrediter lanserade i samarbete med afrikanska mobiloperatörer

SDS har tecknat avtal med tre afrikanska mobiloperatörer för leverans av den nya tjänsten mikrokrediter. Tjänsten testades och utvärderades av kunderna under hösten och har nu gått i produktion hos de första kunderna.


SDS får ny order från afrikansk mobiloperatör

En afrikansk mobiloperatör och en av SDS större kunder har tecknat en ny order för leverans av programvara och tjänster till ett värde av motsvarande över 3 miljoner kronor.




Debt is reduced by Sek15m


Kommuniké från extra bolagsstämma i Seamless Distribution Systems den 27 november 2017

Vid Seamless Distribution Systems AB (publ) ("SDS" eller "Bolaget") extra bolagsstämma i Stockholm idag beslutade aktieägarna, i enlighet med föreslaget beslut, följande:


Communication from the Extraordinary General Meeting in Seamless Distribution Systems AB (publ) on November 27, 2017

At the Extraordinary General Meeting of Shareholders in Seamless Distribution Systems AB (publ) ("SDS" or "Company") in Stockholm today, as proposed by the shareholders, the following resolution was resolved:


Delårsrapport för perioden 1 januari - 30 september 2017

Tredje kvartalet, juli - september

  • Totalomsättning uppgick till 20,4 (27,5) MSEK, en minskning med 26% jämfört med samma kvartal föregående år
  • Övriga rörelseintäkter uppgick till 4,4 (0,8) MSEK
  • EBITDA-resultatet uppgick till 4,3 (9,9) MSEK
  • EBITDA-marginalen uppgick till 21,1% (36,1%)
  • Resultat efter skatt uppgick till 0,7 (9,8) MSEK
  • Resultat per aktie uppgick till 0,10 (19,68) SEK
  • Kassaflöde före förändring av rörelsekapitalet uppgick till 5,1 (10,4) MSEK

Nio månader, januari - september

  • Nettoomsättningen uppgick till 60,8 (72,0) MSEK, en minskning med 16% jämfört med samma period föregående år
  • Övriga rörelseintäkter uppgick till 4,4 (0,9) MSEK
  • EBITDA-resultatet uppgick till 14,8 (25,1) MSEK
  • EBITDA-marginalen uppgick till 24,4% (35,2%)
  • Resultat efter skatt uppgick till 4,5 (24,7) MSEK
  • Resultat per aktie uppgick till 0,95 (49,31) SEK
  • Kassaflöde före förändring av rörelsekapitalet uppgick till 11,1 (24,2) MSEK

Interim report for the period January 1 - September 30, 2017

Third quarter, July - September

  • Total revenue amounted to MSEK 20.4 (27.5), a decrease of 26% compared to the same quarter last year
  • Other revenue amounted to MSEK 4.4 (0.8)
  • EBITDA result amounted to MSEK 4.3 (9.9)
  • EBITDA margin amounted to 21.1% (36.1%)
  • Profit after tax amounted to MSEK 0.7 (9.8)
  • Profit per share amounted to SEK 0.10 (19.68)
  • Cash flow before change in working capital amounted to MSEK 5.1 (10.4)

Nine months, January - September

  • Total revenue amounted to MSEK 60,8 (72,0), a decrease of 16% compared to the same period last year
  • Other revenue amounted to MSEK 4.4 (0.9)
  • EBITDA result amounted to MSEK 14.8 (25.1)
  • EBITDA margin amounted to 24.4% (35.2)
  • Profit after tax amounted to MSEK 4.5 (24.7)
  • Profit per share amounted to SEK 0.95 (49.31)
  • Cash flow before change in working capital amounted to MSEK 11.1 (24.2)

Kallelse till extra bolagsstämma i Seamless Distribution Systems

Aktieägarna i Seamless Distribution Systems AB, org. nr. 556979-4562 ("Bolaget" eller "SDS"), kallas härmed till extra bolagsstämma måndagen den 27 november 2017 klockan 11.00 på Bolagets huvudkontor, Vasagatan 7, 111 20 Stockholm.


Notice of extraordinary general meeting of Seamless Distribution Systems

The shareholders of Seamless Distribution Systems AB, organization number 556979-4562 ("Company" or "SDS"), are hereby invited to the Extraordinary General Meeting Monday 27 November, 2017 at 11.00 a.m. at the Company's headquarters, Vasagatan 7, Stockholm, Sweden.


SDS förstärker koncernledningen med mångåriga medarbetare

SDS stärker sin ledningsgrupp genom att utöka koncernledningen med posterna kommersiell chef, produktchef och chef för affärslösningar.


SDS strengthens the executive management with long-standing co-workers

SDS strengthens its capacity by expanding the executive management with the positions of Chief Commercial Officer, Chief Product Officer and Head of Business Solutions.


Seamless Distribution Systems valberedning inför årsstämman 2018

I enlighet med beslut på Seamless Distribution Systems AB:s (SDS) årsstämma den 24 maj 2017 ska SDS valberedning inför årsstämman 2018 bestå av representanter för de per 1 augusti 2017 tre röstmässigt största aktieägarna eller ägargrupperna enligt den av Euroclear Sweden förda aktieboken, samt styrelseordföranden.


Seamless Distribution Systems Nomination Committee for AGM 2018

In accordance with the decision of Seamless Distribution Systems AB (SDS) Annual General Meeting (AGM) on May 24, 2017 the SDS nomination committee for the AGM 2018 shall consist of representatives of the three largest shareholders or owner groups according to the Euroclear Sweden's share register per August 1, 2017, and the chairperson of the board.


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