Interim report for the period January 1 - March 31, 2018

 January - March

  • Net sales amounted to MSEK 12.2 (23.5), a decrease of 48% compared to the same quarter last year.
  • EBITDA result amounted to MSEK -3.0 (8.0)
  • EBITDA margin amounted to -24.8% (33.9%)
  • Profit after tax amounted to MSEK -6.3 (6.1)
  • Profit per share amounted to SEK -0.91 (8.31)
  • Total cash flow amounted to MSEK -1.4 (3.3)

CEO comment

"The first quarter of the year is a big disappointment. We had good hopes of closing some of the contract negotiations that had been going on for a long time however at the same time, the numbers of opportunities have increased during the quarter and we are nearing completion in several discussions that enhances the possibility of a recovery during the year. All the energy and focus is now on increasing sales efforts further to bringing these opportunities to a successful conclusion. The board has asked the AGM for a mandate to raise capital if required. This is considering that the kind of projects we run are capital intensive during execution.

The Support and Managed Operations revenues that increased as compared to the previous year otherwise dominate revenues in the quarter. It is good evidence of our ability to deliver on our commitments and a sign of our customers' trust and dependence on our business critical systems and above all emphasizes the benefits that our customers derive from our systems and services. Another example of that importance is that one of our existing customers has also chosen to order our "system solution for high availability", together with complementary services and hardware.

Highlights in this quarter include participation as a business partner in several customer organized workshops and events unlike the traditional role of a supplier. As a result, we have been able to broaden the scope of our engagements customer executives and have gained additional insights into their strategy and business goals. This in turn has enabled us to show that data processed by our systems have a significant impact and is business critical to the customer. Customers can, with our help, better understand consumer behaviour and, in the long run increase their competitiveness and sales.

In the markets where we launched our microcredit services, we have been met with enthusiasm from the mobile operators' sales department. Launch campaigns implemented by the mobile operators have had particularly positive results leading to a increasing use and demand for the service. Now we are involved work in continuing the roll out of the microcredit service to more mobile operators and engage in activities to further increase the use of service. If our forecasts hold true then the income from microcredits will contribute, albeit modestly, to our results during the year, but growth will make this business very interesting in the future.

Tommy Eriksson, CEO, Seamless Distribution Services AB"

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

The date of the Q2 2018 interim report has changed from July 11th to July 13th 2018.

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 April 24, 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.





SDS får en order värd 6,7 miljoner SEK från en av de största operatörerna i Nigeria

Seamless Distribution Systems AB (SDS) har fått en order på en USSD gateway och applikationsportal från en av Nigerias största mobiloperatörer. Denna order inkluderar distribution av en viktig intäktsförstärkande plattform för kundens mervärdetjänster (VAS) och serviceerbjudanden.


SDS receives an order worth SEK 6.7 million from one of the largest operators in Nigeria

Seamless Distribution Systems AB (SDS) has received an order for USSD gateway and application portal from one of Nigeria's largest mobile operators. This order includes the deployment of an important revenue-increasing platform for the client's various VAS offerings.


SDS erhåller ytterligare en order från Telenor till ett värde av 11 miljoner kronor

Seamless Distribution Systems (SDS) har fått ytterligare en order från Telenor. Seamless ska migrera och ersätta en konkurrents lösning i Grameenphone Bangladesh. Ordern är den andra från Telenor idag och är värd 11 miljoner Kronor. SDS har därmed ökat sin orderstock med totalt 20 miljoner kronor idag.


SDS receives an additional order from Telenor worth USD 1.3 million

Seamless Distribution Systems (SDS) has received another order from Telenor. The order is for Seamless to replace and migrate an existing competitor's solution in Grameenphone Bangladesh. The order is the second from Telenor today and is worth USD 1.3 million. SDS has thereby increased the orderbook with in total USD 2.3 million


Genombrottsorder från Telenorgruppen till ett värde av 9 miljoner kronor

Seamless Distribution Systems (SDS) har erhållit en genombrottsorder till ett initialt värde av 9 miljoner kronor från Telenor med en emotsedd tjänsteleverans av ytterligare 4 miljoner kronor inom en snar framtid. Seamless ska migrera och ersätta en konkurrents lösning hos mobiloperatören Telenor i Pakistan. Ordern är den första från Telenorgruppen och förutom att expandera till en ny asiatisk marknad så ger ordern framtida möjligheter till SDS att fortsätta stärka sin kundbas.


Breakthrough order from Telenor Group worth USD 1 million

Seamless Distribution Systems (SDS) has received a breakthrough order worth USD 1 million from Telenor with an anticipated additional services order worth USD 0.5 million. The order is for Seamless to replace and migrate a competitor's solution in Pakistan. The order is the first from the Telenor Group and means, besides expanding into a new Asian market with many future opportunities, that SDS continues to strengthen its client base.


SDS får ytterligare en order från operatören i Djibouti

Seamless Distribution Systems AB (SDS) har fått ytterligare en order värd 1,4 MSEK från operatören i Djibouti.


SDS receives another order from the operator in Djibouti

Seamless Distribution Systems AB (SDS) has received another order worth SEK 1.4 million from the operator in Djibouti.


SDS dotterbolag Riaktr får en order för ett pilotprojekt från en ledande operatör i Portugal

Seamless Distribution Systems AB (SDS) har via sitt nyligen förvärvade dotterbolag Riaktr fått en order för ett pilotprojekt gällande utrullning av ett 5G nätverk från en ledande mobiloperatör i Portugal.


SDS subsidiary Riaktr receives an order for a pilot project from a leading operator in Portugal

Through its recently acquired subsidiary Riaktr, Seamless Distribution Systems AB (SDS) has received an order for a pilot project regarding the roll-out of a 5G network from a leading mobile operator in Portugal.


SDS får order på en ny produkt från en operatör i Djibouti

Seamless Distribution Systems AB (SDS) har fått en order på en payment gateway värd 2 MSEK över tre år från en operatör i Djibouti.


SDS receives an order for a new product from an operator in Djibouti

Seamless Distribution Systems AB (SDS) has received an order for a payment gateway worth SEK 2 million over three years from an operator in Djibouti.



SDS dotterbolag Riaktr får ytterligare order från operatör i Nigeria

Seamless Distribution Systems AB (SDS) har via sitt nyligen förvärvade dotterbolag Riaktr fått en order värd 800 KSEK från en ledande mobiloperatör i Nigeria.


SDS subsidiary Riaktr receives additional order from operator in Nigeria

Through its recently acquired subsidiary, Riaktr, Seamless Distribution Systems AB (SDS) has received an order worth SEK 800,000 from a leading mobile operator in Nigeria.


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