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Interim report for the period January 1 - September 30, 2022

July - September

  • Net sales amounted to SEK 76.1 (78.7) million, a decrease of -3.3% compared to the same period last year. Compared to the second quarter this year (68.9), the net sales increased with 10.5%.
  • EBITDA earnings amounted to SEK 19.2 (19.7) million, a decrease of -2,5% compared to the same period last year. Compared to the second quarter this year (15.4) the EBITDA earnings increased with 25.0%.
  • EBITDA margin amounted to 25.3% (25.1%).
  • Profit after tax amounted to SEK 0.1 (1.9) million.
  • Earnings per share amounted to SEK 0.01 (0.19).
  • Total cash flow amounted to SEK -0.3 (-11.4) million.

January - September

  • Net sales amounted to SEK 208.0 (209.4) million, a decrease of -0.7% compared to the same period last year.
  • EBITDA earnings amounted to SEK 43.9 (44.7) million, a decrease of -1.7% compared to the same period last year.
  • EBITDA margin amounted to 21.1% (21.3%).
  • Profit after tax amounted to SEK -9.6 (0.6) million.
  • Earnings per share amounted to SEK -0.93 (0.06).
  • Total cash flow amounted to SEK -7.8 (20.8) million.


CEO's comments
During the third quarter of the year, SDS's business continues to operate at a high pace and at a satisfactory level. We have closed several new deals with the highlight being the deal with the Sudatel Group for three markets at the same time.

The agreement with the Sudatel Group means that SDS becomes a strategic partner to the Group in its ambition to drive growth through digitized sales and distribution. With this agreement the Sudatel Group has acquired the SDS's innovative RVM suite consisting of the distribution management of digital and physical products including order fulfilment and last mile delivery, Incentive and commission management, Digital Customer Onboarding through Omni-channel, as well as Business Intelligence
modules including advanced AI-driven analysis that make it possible to maximize value creation
through a well-managed sales channel.

In addition to the Sudatel Group, in the middle of the quarter SDS won another breakthrough order worth SEK 10 million from a new partner, Strategy& (part of the PwC network) for the 5G expansion with a telecom operator group in Saudi Arabia. The deal includes the Smart Capex product from SDS subsidiary Riaktr, which enables operators to optimize their capex allocation based on return on
investment (ROI) calculations that leverage multiple internal and external data sources enhanced by advanced analytics and AI. We have seen that this product has great potential and enables exciting new opportunities and discussions with business leaders at our customers. At the same time, we can state that the product is also attractive outside our traditional markets in the Middle East and Africa, something that could open up new opportunities for SDS.

We have seen weaker results in the first and second quarters. Although we are not completely satisfied with the return we have received from our strong pipeline, in the third quarter we see how we are starting to get back to the levels we are aiming for. Although our growth journey will continue to be volatile and sales and results will vary from quarter to quarter, we look forward with confidence to being able to continuously improve cash flow and margin through the increased focus we have placed in these areas.

As a result, our EBITDA rose to SEK 19.2 million for the period, an increase of 25% compared to the second quarter of this year. The revenue landed at SEK 76.1 million, which means an increase of 10% compared to the second quarter of this year.

During the nine months of the year, we have seen how the completion of the first implementations of our expanded product offering took longer than expected that affected the results, but we have also identified several areas of improvement where we are now laying the foundation for a platform that can give us organic growth with better margins and cash flows than before.

Martin Schedin
Acting CEO, Seamless Distribution Systems AB

For more information contact:
Martin Schedin
Chief Financial Officer
+46 70 438 14 42
[email protected]

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 October 20th, 2022, at. 08.30 CEST.

About Seamless Distribution Systems AB (SDS)
SDS is a Swedish international software company that specializes in mobile payment services for mobile
operators, distributors, retailers, and consumers. SDS ensures that Telecom operators can sell their telephone subscriptions, where SDS products and services handle up to 90% of the Telecom operators' sales. Today, SDS have implemented solutions in fintech, advanced analysis and retail value management, and where these solutions have succeeded, they are transformed into so-called SaaS solutions.

Following the acquisition of Riaktr, SDS has approximately 320 employees in Sweden, France, Belgium,

Romania, South Africa, Ghana, Nigeria, Ivory Coast, United Arab Emirates, Pakistan, India, and Indonesia.
Following the acquisition of Riaktr, SDS will annually handle more than 15 billion transactions worth over
USD 14 billion. Via over 3 million monthly active resellers of digital products, more than 700 million
consumers are served globally.

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: [email protected]





SDS Gruppen får en order för sin Smart Sales & Distribution-produkt från en operatör i Sudan

Seamless Distribution Systems AB (SDS) har - genom sitt dotterbolag Riaktr - fått en order värd 3,4 miljoner kronor för sin Smart S&D-produkt från en befintlig kund i Sudan. Utöver den initiala ordern löper det en årlig licens med återkommande intäkter värda 2,1 miljoner kronor.


SDS Group receives an order for its Smart Sales & Distribution product from an operator in Sudan

Seamless Distribution Systems AB (SDS) has - through its subsidiary Riaktr - received an order worth SEK 3.4 million for its Smart S&D product from an existing customer in Sudan. In addition to the initial order there is a yearly license with annual recurring revenue worth SEK 2.1 million


SDS får en genombrottsorder från Sudatel Group värd 25 miljoner kronor

Seamless Distribution Systems (SDS) säkrar en storaffär och positionerar SDS som den strategiska teknikleverantören för sälj och distribution till Sudatel group, som har verksamhet i Senegal, Mauretanien och Sudan. Beställningen gäller hela SDS:s Retail Value Management (RVM)-svit inklusive avancerad analys. Detta är den största affären i SDS historia.


SDS wins breakthrough order from Sudatel Group worth SEK 25 million

Seamless Distribution Systems (SDS) secures a major deal to become the strategic technology provider of Sudatel Group, who has operations in Senegal, Mauritania and Sudan. The order is for the entire SDS' Retail Value Management (RVM) suite including advanced analytics. This is the biggest deal in SDS history.


SDS Group får en genombrottsorder värd 10 miljoner kronor från Strategy&, en del av PwC-nätverket, som implementerar lösningen åt en ledande operatör i Saudiarabien.

Seamless Distribution Systems AB (SDS) har fått en genombrottsorder värd 10 miljoner kronor från en ny partner, Strategy&, en del av PwC-nätverket, för 5G-utbyggnaden inom en ny telekomoperatörsgrupp i Saudiarabien. Affären omfattar big data-analysprodukten Smart Capex från SDS-dotterbolag Riaktr, och gör det möjligt för operatörer att optimera sin capex-allokering baserat på avkastningsberäkningar (ROI) som utnyttjar flera interna och externa datakällor förbättrade av avancerad analys och maskininlärning.


SDS Group receives a breakthrough order worth SEK 10 million from Strategy&, part of the PwC network, servicing a leading operator in Saudi Arabia.

Seamless Distribution Systems AB (SDS) has received a breakthrough order worth SEK 10 million from a new partner, Strategy&, part of the PwC network, for the 5G deployment within a new telecom operator group in Saudi Arabia. The deal covers the big data analytics product Smart Capex from the SDS subsidiary Riaktr, that allows operators to optimize their capex allocation based on return-on-investment calculations (ROI) leveraging multiple internal and external data sources enhanced by advanced analytics and machine learning.


SDS lanserar uppdaterad produktportfölj och hemsida

Seamless Distribution Systems (SDS) har lanserat ett uppdaterat produktutbud och en förnyad webbplats.


SDS launches updated portfolio and web-site

Seamless Distribution Systems (SDS) has launched an updated product offering and a renewed web-site.




SDS vinner order värd 8,0 miljoner SEK från en befintlig kund i Dubai

Seamless Distribution Systems (SDS) har fått en strategisk order värd 8,0 miljoner SEK från en befintlig kund i Dubai för SDS:s Voucherhanteringssystem (VMS).


SDS receives an order worth SEK 8.0 million from an existing customer in Dubai

Seamless Distribution Systems (SDS) has received a strategic order worth SEK 8.0 million from an existing customer in Dubai for SDSs Voucher Management System (VMS).


SDS Gruppen får en uppgraderingsorder för sin Smart Sales & Distribution-produkt från en operatör i Nigeria

Seamless Distribution Systems AB (SDS) har - genom sitt dotterbolag Riaktr - fått en order värd 3,7 miljoner kronor för ytterligare avancerade funktioner på sin Smart S&D-produkt från en befintlig kund i Nigeria.


SDS Group receives an upgrade order for the Smart Sales & Distribution product from an operator in Nigeria

Seamless Distribution Systems AB (SDS), has through its subsidiary Riaktr, received an order worth SEK 3.7 million for additional advanced features on its Smart S&D product from an existing customer in Nigeria.


SDS Gruppen får en uppgraderingsorder för sin Smart Sales & Distribution-produkt från en operatör i Zambia

Seamless Distribution Systems AB (SDS) har - genom sitt dotterbolag Riaktr - fått en order värd 1,4 miljoner kronor för uppgradering av sin Smart S&D-produkt från en befintlig kund i Zambia. Utöver uppgraderingsintäkten löper det en årlig licens med återkommande intäkter värda 1,1 miljoner kronor.

 


SDS Group receives an upgrade order for its Smart Sales & Distribution product from an operator in Zambia

Seamless Distribution Systems AB (SDS) has - through its subsidiary Riaktr - received an order worth SEK 1.4 million for the upgrade of its Smart S&D product from an existing customer in Zambia. In addition to the upgrade there is a yearly license with annual recurring revenue worth SEK 1.1 million


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