SDS announces preliminary results for Q1 FY2021Seamless Distribution Systems AB (publ) ("SDS" or the "Company" and together with its subsidiaries, the "Group") today publishes preliminary figures for the Group's first quarter 2021 in conjunction with the Company exploring the possibility of issuing a bond loan. The publication of the preliminary information below is done in order to support the Company's intention to, as previously announced, explore the possibility of issuing a senior secured bond loan. In connection with the preparation of an investor presentation, SDS has produced the following preliminary data regarding the Group's first quarter 2021.
Revenues: SEK 61.5 million (SEK 272 million on a trailing twelve-month basis)
EBITDA: SEK 13.9 million (SEK 51.1 million on a trailing twelve-month basis)
Operating profit (EBIT): SEK 5.6 million (SEK 21.0 million on a trailing twelve-month basis)
Net debt as of March 31, 2021: SEK 75.9 million (SEK 31.6 million excluding loans to be converted into equity, as previously announced)
The above financial information is preliminary and it can therefore not be ruled out that it may be adjusted in connection with the preparation of the Company's interim report for the first quarter of 2021, which, as previously announced, is intended to be published on April 22, 2021.
The company has engaged Pareto Securities AB as financial advisor and Gernandt & Danielsson Advokatbyrå KB as legal advisor. For additional information, please 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 April 15, 2021 at 08:00 CEST.
The following documents can be retrieved from beQuoted
SDS-announces-preliminary-results-for-Q1-FY2021.pdf ABOUT SDS
SDS is a Swedish international software company that 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 operator's 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 300 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.
The company's Certified Adviser is FNCA Sweden AB, phone 08-528 00 399.
[email protected]
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