SDS receives major order in South Africa worth SEK 20 million

SDS has received an order from one of South Africa's largest mobile operators, which is also Africa's largest carrier group with operations across several countries. This is the first order received by SDS in South Africa and has an initial value of SEK 20 million. South Africa is the region's most advanced market and the deal strengthens SDS's position on the African continent.

The order, which is one of SDS's largest ever, includes a system for digital distribution and sales of electronic securities. The central part of the delivery is SDS's own ERS 360 transaction platform. It handles digital accounts, transactions, and provides support for multi-channel sales. Furthermore, it enables communication with sales agents and handles reseller commissions and incentives.

With around 100 million mobile subscribers, South Africa is the region's most developed market but at the same time has some traits of a developing market. The complexity of the market requires a good business understanding of the local ecosystem in order to handle digital distribution. A contributing reason for SDS winning the order is the company's leading software, its stability and its ability to deliver business support in conjunction with the introduction and construction of a smooth running ecosystem around the customer's digital business.

Delivery will start immediately and SDS plans to complete the project part of the deal before the end of the second quarter of 2020. Revenue is expected to be generated in 2019 and 2020.

"Few outside SDS have seen the change work we have undertaken in recent years to achieve these results. As a result of this order, our distribution solution serves an additional 30 million mobile customers, which means that our platform today services about 500 million subscribers. South Africa is the largest and most advanced market in the region, which is proof of our leadership in the area. Now we continue to focus on our strategy 2020 and onwards.", Says Tommy Eriksson, CEO of SDS.

The transaction in South Africa will entail an order for operation and maintenance services once the system is installed in the customer's data center. This order, together with previous transactions in 2019 will result in increased recurring yearly revenue of approximately 4 million SEK from 2021 onwards. This is in line with the updated strategy SDS published in October earlier this year, both in terms of organic growth in new markets, and a larger proportion of recurring revenue, which is expected in the future.

For more information contact:

Martin Schedin
Chief Financial Officer
+46 70 438 14 42 martin.schedin@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 through the agency of the above contact person on December 4, 2019, at. 14.00 CEST.

About Seamless Distribution Systems AB (SDS)

SDS is a Swedish software company group that provides solutions and services for digital sales and distribution to private consumers through mobile operators in emerging countries. The company offers its corporate customers a comprehensive solution for digital distribution and electronic transactions processing. SDS acquired eServGlobal in July 2019. The SDS Group now has customers in all parts of the world, with a footprint in more than 50 countries, reaching over 500 million mobile users through more than 2,000,000 active point-of-sales. SDS has approximately 230 employees in Sweden, France, Romania, Belgium, Ghana, Nigeria, USA, Pakistan, India, Indonesia, South Africa, Ecuador and the United Arab Emirates. With over 20 years of experience, SDS focuses on high-level customer satisfaction and efficient operations. SDS manages over 15 billion transactions annually, worth more than 12 billion US Dollars and enables the growing population of emerging countries to become part of the mobile revolution.

SDS shares are listed on Nasdaq First North Premier.
The company's Certified Adviser is FNCA Sweden AB, phone number 08-528 00 399, email: info@fnca.se


SDS erhåller stor genombrottsorder i Sydafrika värd 20 miljoner SEK

SDS har fått en order från en av Sydafrikas största mobiloperatörer, som också är Afrikas största operatörsgrupp med verksamhet och affärer i flera länder. Ordern är den första SDS tagit i landet och har ett initialt värde på 20 MSEK. Sydafrika är regionens mest avancerade marknad och affären förstärker därmed ytterligare SDS position på den afrikanska kontinenten.


SDS receives major order in South Africa worth SEK 20 million

SDS has received an order from one of South Africa's largest mobile operators, which is also Africa's largest carrier group with operations across several countries. This is the first order received by SDS in South Africa and has an initial value of SEK 20 million. South Africa is the region's most advanced market and the deal strengthens SDS's position on the African continent.


SDS offentliggör uppdaterad strategi

Med anledning av förvärvet av eServGlobal har SDS styrelse beslutat att presentera en uppdaterad strategi för verksamheten. SDS är verksamt inom fintech-området och arbetar med digitalisering av logistiska och finansiella flöden i tillväxtländer. Till stor del innebär detta att utveckla och sälja systemlösningar för digital distribution av samtalstid, mobildata samt mobila finansiella tjänster till SDS kunder som är mobiloperatörer eller distributörer i tillväxtländer. Förvärvet av eServGlobal ökar SDS kundbas i Mellanöstern och ger SDS närvaro i Sydostasien. Den uppdaterade strategin har som syfte att konkretisera bolagets mål på både kort och lång sikt.


SDS announces updated strategy

Following the acquisition of eServGlobal, the SDS Board has decided to present an updated business strategy. SDS is active in the fintech area and is working on digitizing logistic and financial flows in emerging countries. This means developing and selling system solutions for digital distribution of airtime, mobile data and mobile financial services to SDS customers who are mobile operators or distributors in emerging markets. The acquisition of eServGlobal increases SDS' customer base in the Middle East and gives SDS a presence in Southeast Asia. The updated strategy explains the company's short- and long-term goals.




SDS AB säkrar miljonorder i Mellanöstern

SDS AB har säkrat en order på 6,3 miljoner kronor från en av regionens största mobiloperatörer, i den största marknaden i Mellanöstern.

Beställningen kommer från en av eServGlobals kunder. eServGlobal förvärvades av SDS i juli i år. Detta är ett konkret bevis på förtroendet för SDS förmåga att konsolidera sin nisch.


SDS AB has received a new order in the Middle East

SDS AB has received an order of 6,3 million SEK from one of the regions' most important mobile operators, in the largest market in the Middle East.

The order is received from a customer of eServGlobal, which was acquired by SDS in July this year. It is a tangible proof of trust in SDS ability to be a consolidator in its niche.


SDS fullbordar förvärv av eServGlobal Holding SAS

SDS AB fullbordar idag förvärvet om samtliga aktier och tillgångar i eServGlobal Holding SAS (eServGlobal). eServGlobal SAS är en global leverantör av system för förbetald laddning av kontantkort och mobila finansiella tjänster. Priset för aktierna är två (2) miljoner Euro (21,4 miljoner kronor). SDS får därmed tillgång till en kompletterande teknik och en fördubblad geografisk marknadstäckning.


SDS completes the acquisition of eServGlobal Holding SAS

SDS AB today completes the acquisition of all shares and assets in eServGlobal Holding SAS (eServGlobal) with a purchase price of two (2) million Euro (21.4 million SEK). eServGlobal SAS is a global supplier of systems for electronic recharge of prepaid mobile phones and mobile financial services. With this transaction SDS has doubled its geographical presence and gained access to significant complementary technologies.


Delårsrapport för perioden 1 januari - 30 juni 2019

april - juni

  • Nettoomsättningen uppgick till 54,6 (18,9) MSEK, en ökning med 188,7 % jämfört med samma period föregående år.
  • EBITDA-resultatet uppgick till 3,3 (2,4) MSEK.
  • EBITDA-marginalen uppgick till 6,1% (12,6%).
  • EBITDA-resultatet utan förvärvskostnader uppgick till 4,7 MSEK.
  • EBITDA-marginalen utan förvärvskostnader uppgick till 8,5%.
  • Resultat efter skatt uppgick till -1,0 (2,1) MSEK.
  • Resultat efter skatt uppgick utan förvärvskostnader till 0,3 MSEK.
  • Resultat per aktie uppgick till -0,13 (0,30) SEK.
  • Totalt kassaflöde uppgick till -2,8 (2,9) MSEK.

Interim report for the period January 1 - June 30, 2019

April - June

  • Net sales amounted to MSEK 54.6 (18.9), an increase of 188.7 % compared to the same period the previous year.
  • EBITDA result amounted to MSEK 3.3 (2.4).
  • EBITDA margin amounted to 6.1% (12.6%).
  • The EBITDA result without acquisition costs amounted to SEK 4.7 million
  • EBITDA margin excluding acquisition costs amounted to 8.5%.
  • Profit after tax amounted to MSEK -1.0 (2.1).
  • Profit after tax amounted to SEK 0.3 million without acquisition costs.
  • Earnings per share amounted to MSEK -0.13 (0.30).
  • Total cash flow amounted to MSEK -2.8 (2.9).

Försäljningsstart och förstärkt samarbete i Etiopien

SDS och Smart Digital Technology har idag i Addis Abeba, Etiopien, framgångsrikt genomfört den första digitala försäljningen och elektroniska laddningen av ett kontantkort. Parterna förstärker det strategiska partnerskapet med Ethio Telecom och påskyndar införandet av digitala tjänster i försäljnings- och distributionskanalen.


First Sales transactions and accelerated cooperation in Ethiopia

SDS and Smart Digital Technology have today in Addis Ababa successfully performed the first digital sales transaction and electronic recharge. The partners reinforce the commitment in the strategic partnership with Ethio Telecom and accelerate the digital services adoption in the sales and distribution channel


SDS förvärvar eServGlobal Holding SAS

SDS AB har idag tecknat avtal om att förvärva samtliga aktier och tillgångar i eServGlobal Holding SAS (eServGlobal). EservGlobal är en global leverantör av system för förbetald laddning av kontantkort och mobila finansiella tjänster. Priset för aktierna är två (2) miljoner Euro (21,4 miljoner kronor). SDS får därmed tillgång till en kompletterande teknik och en fördubblad geografisk marknadstäckning.


SDS acquires eServGlobal Holding SAS

SDS AB has today signed an agreement to acquire all shares and assets in eServGlobal Holding SAS (eServGlobal) with a purchase price of two (2) million Euro (21.4 million SEK). eServGlobal SAS is a global supplier of systems for electronic recharge of prepaid mobile phones and mobile financial services. With this transaction SDS has doubled its geographical presence and gained access to significant complementary technologies.


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