Year-end report for the period January 1 - December 31, 2019
October - December
· Net sales amounted to SEK 76.5 million (39.0), an increase of 96.0% compared to the same period last year.
· EBITDA earnings amounted to SEK 1.9 million (9.1).
· The EBITDA margin was 2.5% (23.4%).
· EBITDA result without acquisition-related events & restructuring costs amounted to SEK 10.2 million.
· EBITDA margin without acquisition-related events & restructuring costs amounted to 13.4%.
· Profit after tax amounted to SEK 2.9 (5.5) million.
· Profit after tax without acquisition-related events & restructuring costs amounted to SEK 11.3 million.
· Earnings per share amounted to SEK 0.38 (0.72).
· Total cash flow amounted to SEK 10.2 million (1,1).
January - December
· Net sales amounted to SEK 245.6 (87.7) million, an increase of 179.9% compared to the same period last year.
· EBITDA earnings amounted to SEK 24.2 (10.9) million.
· The EBITDA margin was 9.8% (12.4%).
· EBITDA result without acquisition-related events & restructuring costs amounted to SEK 30.5 million.
· EBITDA margin without acquisition-related events & restructuring cost amounted to 12.4%.
· Profit after tax amounted to SEK 8.0 million (0.4).
· Profit after tax without acquisition-related events & restructuring costs amounted to SEK 14.4 million.
· Earnings per share amounted to SEK 1.04 (0.06).
· Total cash flow amounted to SEK 12.7 million (0.4).
"It is with great satisfaction that I look back on 2019 and my second year as CEO of SDS. The year, and particularly the fourth quarter, was characterized by a strong business focus, where growth and increased profitability were prioritized. We ended the year positively with Group revenues of SEK 77 million during the fourth quarter, bringing us to SEK 245 million for the full year. This represents a growth of 179.9 per cent compared to 2018. These figures include the contribution from the successful acquisition of eServGlobal five months ago. Operating profit, cleared from acquisition-related provisions, amounted to SEK 21 million. We have thus allowed for all expected effects of the acquisition and can fully focus on current operations during the current year.
The last quarter of the year can only be described as a success. Thanks to technology at the forefront and a clear quality focus, we won our biggest business to date with our largest customer. The deal, worth SEK 20 million, was also our first in South Africa, which is the customer's home market. The deal was for the installation of our ERS 360 software suite. As part of the deal, there is also new software and services for analyzing the huge amount of sales data that is collected in our transaction systems, a Business Intelligence unit.
In addition, during the fourth quarter, the integration of our latest acquisition, eServGlobal, continued at a high pace and the figures clearly show that we have made an exceptionally good acquisition. We have been able to generate greater synergy effects than we had initially identified. The first critical part of the integration has been successful throughout and I now get feedback from the field that even eServGlobal's customers see the customer value that the acquisition creates.
Following the acquisition of eServGlobal and the business in South Africa, SDS is now represented in 50 countries, compared with a presence in 30 countries a year ago. The geographical expansion is fully in line with our strategy to grow both organically and through acquisitions.
In addition to these key results, we continue to see high growth in digitalisation with our customers, which has resulted in several major license upgrades. Our long-term focus on technology development combined with the work of our excellent sales organization gives me a strong belief in continued strong order intake thanks to a pipeline of good quality and size. I am especially hopeful about Southeast Asia where, with the acquisition of eServGlobal, we have established ourselves with both a sales organization and customers.
In the Nordic market, the SDD team reaps continued success by taking market share from our largest competitor, thanks in large part to our significant technological advantage. Another very positive point is that we mainly won resellers with higher margins, which was also a goal. In summary, all strategic focus areas now work excellently and the year 2020 looks bright from my horizon. This is thanks to long-term determination and efforts from all old and new employees in the SDS Group. They should all have a big thank you for the hard work they do every day and night for our customers.
CEO, Seamless Distribution Systems AB"
For more information contact:
Chief Financial Officer
+46 70 438 14 42
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 February 13th, 2020 at. 08.30 CET.
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 220 employees in Sweden, France, Romania, Belgium, Ghana, Nigeria, USA, Pakistan, India, Indonesia, South Africa, Ecuador and the United Arab Emirates. With over 30 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 [email protected]
SDS kallar till en livesänd pressträff torsdag 21 oktober klockan 11.30. Under pressträffen kommer SDS vd Tommy Eriksson gå igenom bolagets utveckling under kvartalet, samt berätta om bolagets utveckling framåt.
Seamless Distribution Systems (SDS) har fått en storaffär från Vodafone Oman på hela sitt produkterbjudande. Affären är den första med Vodafonegruppen och innebär att SDS blir strategisk leverantör av teknologi till Vodafone Oman, som ingår i en av världens största telekom-grupper. Ordern avser Vodafones lansering i Oman som är en ny marknad för operatören och inkluderar SDS SaaS-erbjudande Retail Value Management (RVM) suite. Ett SaaS-avtal som sträcker sig över tre år har tecknats, vilket kan komma att ge återkommande intäkter uppgående till ca 10-15% av SDS nuvarande supportintäkter om Vodafone lyckas med sin marknadspenetration under kontraktsperioden.
Seamless Distribution Systems (SDS) secures a major deal to become the strategic technology provider of Vodafone Oman, part of one of the world's largest telecom groups. The order is for Vodafone's launch of operations in Oman as a greenfield operator and includes a SaaS offering of SDS' Retail Value Management (RVM) suite. The signed three-year SaaS agreement can render recurring revenues of up to approximately 10-15% of SDS's current support revenue if Vodafone Oman reaches their target market penetration during the contract period.
Seamless Distribution Systems (SDS) har via en global systemleverantör fått en strategisk order värd 7,7 miljoner kronor. Ordern avser implementering av SDS flaggskeppsprodukt ERS 360° och support över fem år och slutkunden är en helt ny operatörsgrupp och avser deras verksamhet i Algeriet.
Seamless Distribution Systems (SDS) has received a strategic order worth SEK 7.7 million via a global system supplier. The order refers to the implementation of SDS transaction system ERS 360 ° and support over five years. The end customer is a completely new telecom operator group to SDS, and the installation concerns their operations in Algeria.
SDS säkrar ytterligare order för integrationstjänster från projektet med Telenor Pakistan till ett värde av 4,0 miljoner SEK
SDS secures additional integration services order from the project with Telenor Pakistan worth SEK 4.0 million
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.
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.
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.
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
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.
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.
Seamless Distribution Systems AB (SDS) har fått ytterligare en order värd 1,4 MSEK från operatören i Djibouti.
Seamless Distribution Systems AB (SDS) has received another order worth SEK 1.4 million from the operator in Djibouti.
Seamless Distribution Systems AB