Interim report for the period January 1 - March 31, 2019
January - March
- Net sales amounted to MSEK 51.1 (12.2), an increase of 318.8 % compared to the same period the previous year.
- EBITDA result amounted to MSEK 6.2 (-3.0).
- EBITDA margin amounted to 12.1% (-24.8 %).
- Profit after tax amounted to MSEK 2.5 (-6.3).
- Earnings per share amounted to MSEK 0.32 (-0.91).
- Total cash flow amounted to MSEK 0.5 (-1.4).
"The Seamless Group displays strength and presents yet another excellent quarter. Our revenue totals SEK 51.1 million, which is an increase from SEK 12.2 million during the same quarter the previous year. We have a positive net profit of SEK 2.5 million for the quarter, compared to SEK -6.3 million the same quarter the previous year. SDS's part of the Group's business shows stability, primarily through revenue from the large projects in Nigeria and southern Africa. After our mobile operator customers have used up their annual budget during the last quarter of the year, there is often some seasonal variation, with a weaker first quarter in the order books, and this was the case this year as well.
This is the first full quarter to be impacted by the Nordic distribution business, SDD, and SDD sales were SEK 23.4 million. Profitability is progressing somewhat slower than expected, but we see a steady stream of new shops joining SDD's distribution network. This is constantly improving profitability as the fixed costs remain unchanged.
SDS IMPORTANT FOR THE HIGHEST LEAGUE
We met Rob Shuter, Group President and CEO of MTN and parts of the MTN management team for a couple of hours in our conference room at the big Mobile World Congress in Barcelona. We were able to present our insights regarding digitalization of MTN's distribution network and to have a dialogue about future scenarios for the area. The MTN Group is the seventh largest operator in the world and the largest in Africa, with mobile networks in 22 countries, 235 million mobile users and annual sales of SEK 88 billion.
SEAMLESS CREATES WORK AND BUSINESS INITIATIVES
Together with the region's mobile operators, SDS creates an opportunity for daily revenue for more than a million people in Africa and the Middle East. This is done through SDS's solutions, which establish a platform for mobile transactions in these gigantic but undeveloped markets. An innovative example is that we give all mobile users the opportunity to immediately become retailers, so-called microentrepreneurs.
Imagine, for example, an enterprising person in every village who uses their telephone to register direct as a retailer and provides their fellow villagers with digital services without complicated registration procedures. We call the function "Be your own boss".
MORE AND MORE REVENUE FLOWS
The work on changing our business model towards an increased percentage of recurring revenues continues, but the dependence on major contracts to create an even revenue flow quarter after quarter remains. Our aim is to achieve a considerably larger percentage of recurring revenues but until this completely balances the cost mass, several major contracts per year are necessary and we can therefore expect continuing swings from quarter to quarter. Our acquisition of SDD distribution in the Nordic and international markets gives us a steady recurring revenue flow, albeit with a low margin. Furthermore, purchases by existing customers among mobile operators in Africa and the Middle East from our current comprehensive range of additional functions are in practice a recurring revenue flow. We see orders of this kind in the area, from a hundred thousand to a couple of million Swedish kronor, as a relatively stable and steady financial contribution, even though they are below the radar of our information policy, which stipulates press releases for orders of more than SEK 5 million.
CEO, Seamless Distribution Systems AB"
April 17, 2019
For further information, please contact:
Martin Schedin, CFO
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 17, 2019 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 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 146 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 share is listed on NASDAQ First North Premier.
The company's Certified Adviser is Mangold Fondkommission AB,
telephone number +46 8-5030 1550.
SDS kallar till en livesänd pressträff torsdagen 18 februari klockan 15.00. Under pressträffen kommer SDS vd Tommy Eriksson att gå igenom bolagets utveckling under 2020.
Seamless Distribution Systems AB (SDS) har erhållit en initial order från en av Kameruns största mobiloperatörer, som även tillhör Afrikas största operatörsgrupp. Ordern är den första SDS tagit i landet och har ett initialt värde på 14 MSEK. Utöver det initiala ordervärdet förväntas återkommande serviceintäkter tillkomma framgent.
Seamless Distribution Systems AB (SDS) has received an initial order from one of Cameroon's largest mobile operators, which also belongs to Africa's largest operator group. It is the first order SDS has received in the country and has an initial value of SEK 14 million. In addition to the initial order value, recurring service revenues can be expected in the future.
SDS kallar till en livesänd pressträff torsdagen 22 oktober klockan 15.00. Under pressträffen kommer SDS vd Tommy Eriksson att gå igenom bolagets delårsrapport för årets tredje kvartal.
Idag kl 13.00 kommer SDS att delta i det livesända eventet Investerarjakten. Bolagets vd Tommy Eriksson kommer att presentera bolagets utveckling och framtidsplaner. Presentationen inleds kl 13.00 och kommer att sändas i Direkt Studios Youtube-kanal, i Facebook-gruppen Aktier samt på Investerarbrevet.se.
Spridningsemissionen i SDS kraftigt övertecknad - tillförs cirka 26,5 MSEK samt cirka 4 500 nya aktieägare
DETTA PRESSMEDDELANDE FÅR INTE OFFENTLIGGÖRAS, PUBLICERAS ELLER DISTRIBUERAS, DIREKT ELLER INDIREKT I ELLER TILL AUSTRALIEN, HONGKONG, JAPAN, KANADA, NYA ZEELAND, SYDAFRIKA, SYDKOREA, SCHWEIZ, SINGAPORE, USA ELLER NÅGON ANNAN JURISDIKTION DÄR SÅDAN ÅTGÄRD HELT ELLER DELVIS ÄR FÖREMÅL FÖR LEGALA RESTRIKTIONER. DETTA PRESSMEDDELANDE UTGÖR INTE ETT ERBJUDANDE ATT FÖRVÄRA VÄRDEPAPPER I SEAMLESS DISTRIBUTION SYSTEMS AB (PUBL). SE ÄVEN AVSNITTET "VIKTIG INFORMATION" NEDAN.
Det slutgiltiga utfallet i Seamless Distribution Systems AB (publ):s ("SDS" eller "Bolaget") spridningsemission som offentliggjordes den 16 september 2020 ("Erbjudandet") visar att anmälningar för teckning av cirka 2 111 000 aktier inkommit, motsvarande cirka 98,4 MSEK eller 372 procent av de erbjudna aktierna. Teckningskursen har fastställts till 46,62 SEK per aktie och antalet aktier i Erbjudandet har fastställts till 567 835. Styrelsen i Bolaget har idag beslutat om tilldelning i enlighet med de tilldelningsprinciper som framgår i det informationsmemorandum som offentliggjordes den 16 september 2020.
The directed issue of shares to the public in SDS heavily oversubscribed - the proceeds amount to approximately 26.5 MSEK and SDS welcomes approximately 4,500 new shareholders
THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, SINGAPORE, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION OF THIS PRESS RELEASE WOULD BE SUBJECT TO LEGAL RESTRICTIONS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF SEAMLESS DISTRIBUTION SYSTEMS AB (PUBL). SEE ALSO SECTION "IMPORTANT INFORMATION" BELOW.
The final outcome in Seamless Distribution Systems AB (publ)'s ("SDS" or the "Company") directed issue of shares to the public, that was announced on 16 September 2020 (the "Offering"), shows that applications for subscription of approximately 2,111,000 shares have been received, corresponding to approximately 98.4 MSEK or 372 percent of the shares in the Offering. The subscription price in the Offering has been set to 46.62 SEK per share and the number of shares in the Offering has been set to 567,835. The Board of Directors of SDS has today resolved on allocation of shares in accordance with the allocation principles that was set out in the information memorandum that was made public on 16 September 2020.
SDS har tagit en order värd 7 miljoner SEK från en ledande mobiloperatör i Botswana. Affären kommer från en kund som ingick i förvärvet av eServGlobal i juni 2019 och avser plattformsbyte från PayMobile till SDS:s flaggskeppsprodukt ERS 360 samt ett supportavtal som löper över fem år.
SDS has received an order valued at SEK 7 million from a leading mobile operator in Botswana. The order, obtained from a customer that was part of the acquisition of eServGlobal in June 2019, refers to a platform switch from PayMobile to SDS's flagship product ERS 360 and a support agreement that will run for a period of five years.
Seamless Distribution Systems (SDS) har erhållit en ny kund i Tunisien och samtidigt utökat sin marknadsnärvaro i regionen. Ordern involverar mjukvarulösningar som kommer att optimera mobiloperatörens distributionskedja, från onboarding av kund till distribution av produkt. På så sätt kommer snabbare leveranstider att uppnås. Ordern är värd 4 miljoner SEK och intäkterna förväntas redovisas från tredje kvartalet 2020. Ordern kommer att bidra till återkommande intäkter under kommande år.
Seamless Distribution Systems (SDS) has acquired a new customer in Tunisia, expanding its market presence in the region. Valued at SEK 4 million, the order is for software solutions that will optimize the supply chain for the mobile operator from customer onboarding to product distribution to achieve fast turnaround times. Revenue from the order is expected to be recognized from the third quarter 2020 and the order will contribute to recurring revenues over years to come.
Seamless Distribution Systems AB