Seamless has received a significant order from a new customer in Southern Africa, worth 7 million SEK

Seamless Distribution Systems AB (SDS) has received an initial order from the leading operator in Eswatini (former Swaziland) for a value of 7 million SEK for the delivery of its digital distribution system. Through this order, Seamless continues to strengthen its presence in Southern Africa.

This order includes the installation of a system for digital distribution and sale of electronic vouchers. The central part of the delivery is SDS proprietary transaction switch ERS 360 that manages digital accounts, transactions and supports a variety of technologies to enable communication with sales agents and managing the commissions and incentives for retailers.

The mobile operator's goal for this investment is to enable market growth with a higher degree of digitalization for its distribution and sales efforts. It is now the fourth time in six months where Seamless has replaced competing platforms and thereby expanded its market share.

Project delivery begins immediately and Seamless plans to complete the project before the end of the second quarter of 2019. Revenues are expected to come in the second quarter of 2019.

"After a comparatively weak order intake at the beginning of the year, we are proud and happy to be able to communicate the closure of yet another deal which is the result of our long-term investment made with the aim of maximizing the customers' business benefits. With this deal, we are expanding the customer base from East and West Africa towards the southern regions of Africa. The deal is an acknowledgment that invested capital in Seamless basic system ERS 360 gives our customers a direct return of investment. When customers choose to buy our additional services, such as precision marketing and sales optimization solutions, their market competitiveness increases along with their sales with continuous return of investment. We again prove that we have a strong position in Africa and an ability to continue to grow, "says Tommy Eriksson, CEO of Seamless.

The project with the customer in Eswatini is a first step and provides the foundation for future collaboration where one can expect the customer to expand the systems with additional features and functionality like managed operations that Seamless delivers on a yearly basis serving both the technical and administrative operations of the ERS 360 system.

May 9, 2019

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 May 9, 2019 at. 14.00 CEST.

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 all parts of the world that reach over 300 million mobile users through more than 1,000,000 active point-of-sales. SDS has approximately 150 employees in Sweden, Belgium, Ghana, Nigeria, USA, Pakistan, India, South Africa, Ecuador and the United Arab Emirates. With over 18 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 shares are listed on Nasdaq First North Premier.

The company's Certified Adviser is FNCA Sweden AB, telephone number 08-528 00 399. info@fnca.se

Nerladdningsbara filer

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.


Seamless mottar en signifikant order från en ny kund i Södra Afrika, värd 7 miljoner kronor

Seamless Distribution Systems AB (SDS) har tagit emot en initial order från den ledande operatören i Eswatini (tidigare Swaziland) till ett värde av 7 miljoner kronor för leverans av sitt system som hanterar digital distribution. Genom denna order så fortsätter Seamless att förstärka sin närvaro i Södra Afrika.


Seamless has received a significant order from a new customer in Southern Africa, worth 7 million SEK

Seamless Distribution Systems AB (SDS) has received an initial order from the leading operator in Eswatini (former Swaziland) for a value of 7 million SEK for the delivery of its digital distribution system. Through this order, Seamless continues to strengthen its presence in Southern Africa.


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