ZETADISPLAY AB (publ) INTERIM REPORT 1 JANUARY – 31 MARCH 2023
May 31 2023 - 2:00AM
ZETADISPLAY AB (publ) INTERIM REPORT 1 JANUARY – 31 MARCH 2023
Summary
January - March 2023
- Net sales increased by 7.5% to SEK 119.6 (111.2) million
- SaaS revenues increased by 6.4% to SEK 50.0 (47.0) million
- EBITDA amounted to SEK 3.8 (5.4) million
- Adjusted for non-recurring items, EBITDA amounted to SEK 10.1
(14.4) million
- ARR amounted to SEK 195.4 million compared with SEK 197.7
million in the previous quarter
- Operating profit amounted to SEK -6.5 (-4.5) million
CEO comment
Continued growth in uncertain market
conditions
Net sales amounted to SEK 119.6 (111.2) million. SaaS revenues
amounted to SEK 50.0 (47.0) million and represented 41.8 % (42.2)
of net sales. EBITDA was SEK 3.8 (5.4) million. Adjusted for
non-recurring items, EBITDA amounted to SEK 10.1 (14.4)
million.
Our first quarter was characterized by continued growth in an
increasingly uncertain market. During the first quarter we have
seen continued growth of international customer activity contrasted
with certain emerging customer project delays. During the quarter,
we worked intensively across the whole group with a focus on
customer development and additional strengthening of our service
and product range. Furthermore, we continue to invest in our
software, operations and sales functions to support continued
future growth, which impacted earnings in the short term. In the
first quarter we have also successfully completed the re-financing
of our Bond in the market.
Outlook
The implementation of the Group’s strategic initiatives is
proceeding according to plan and is strengthening our capabilities
within the organization and towards customers. As a result, we see
increased organisational efficiency and good opportunities taking
shape in the medium term. At the same time, we’re noticing
increased uncertainty in the short-term market conditions as well
as some unplanned delays in customer projects. We continue to
actively monitor market development and to manage costs diligently
whilst prioritizing key investments for long-term growth.
I would like to thank all our co-workers for their tireless
commitment and thank our customers for their continued trust.
Malmö 31:st May 2023
Per Mandorf
President and CEO
Full Q1
report attached and available
on https://ir.zetadisplay.com/
This report has not been subject to
review by the company's auditor.
This information is information that ZetaDisplay
AB (publ) is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for
publication, through the agency of Per Mandorf, at 08.00 CET on
31 May 2023.
Upcoming reporting sessions
ZetaDisplay AB's half-year report will be published on
ir.zetadisplay.com in August, week 35.
For further information please contact:
Per Mandorf, President & CEOMobile: +46 704-25 82
34E-Mail: per.mandorf@zetadisplay.com
Michael van Straten, CFOMobile: +45-538-482
83E-Mail: michael.vanstraten@zetadisplay.com
Robert Bryhn, CMO / Head of CommunicationMobile: +46 709-80 20
80E-Mail: robert.bryhn@@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a leader in the Nordic region and second in
Europe and we drive the digital transformation in physical
environments on a daily basis. Our solutions, concepts and software
digitize, influence and inform people's behavior at the time of
decision-making in stores, in public environments and in
workplaces. Our solutions are known as Digital Signage which we
develop and offer as SaaS solutions. We are a global leader that
actively influences the development of the international Digital
Signage market organically, through innovation and through
acquisitions.ZetaDisplay is based in Malmö, has a turnover of
approximately SEK +500 million and employs 220 employees in offices
in six European countries. In total, the company manages over
80,000 installations in more than 50 markets. ZetaDisplay is owned
by the British investment company Hanover Investors. More
information
at www.ir.zetadisplay.com and www.hanoverinvestors.com
- Interim report January - March 2023
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