Year end report 2021
Strong result and continued growth
October - December 2021
- Net sales increased by 19.2% to SEK
122.4 (102.7) million
- SaaS revenue increased by 15.6% to SEK
45.1 (39.0) million
- EBITDA amounted to SEK 15.3 (20.1)
million. Adjusted for non-recurring items, EBITDA amounted to SEK
15.8 (20.1) million
- ARR amounted to SEK 180.5 million
compared to SEK 177.3 million in previous quarter
- Operating profit amounted to SEK 6.0
(11.2) million
Januari - December 2021
- Net sales increased by 14.8 % to SEK
420.5 (366.2) million
- SaaS revenue increased by 11.5% to SEK
173.1 (155.2) million
- EBITDA amounted to SEK 50.1 (38.5)
million. Adjusted for non-recurring items, EBITDA amounted to SEK
70.2 (55.0) million
- Operating profit amounted to SEK 14.5
(3.7) million
Significant events during the quarter
- On October 7, ZetaDisplay AB (publ)
held an extraordinary general meeting and a decision was made to
make changes to the Board of Directors
- On October 8, the shares in ZetaDisplay
AB (publ) were delisted
- On October 22, ZetaDisplay is ranked as
the leader in the Nordic region and second largest in Europe
according to Invidi's European rank.
- On November 3 ZetaDisplay wins 6-year
contract with Norwegian Flytoget - Airport Express
Significant events after the quarter
- No significant events have taken place
after the quarter
CEO comment
Strong result and continued growth
ZetaDisplay's net
sales amounted to SEK
122,4
(102,7)
million. SaaS
revenues amounted to
SEK 45.1
(39.0) million
and represented
36.8
(38.0)
% of net sales.
EBITDA was
15.3
SEK
(20.1)
million. Adjusted for
non-recurring items, EBITDA
amounted to 15.8
(20.1)
MSEK.
The increase in net sales is mainly explained by the acquisition
of German NORDLAND systems GmbH Gross profit for the period
amounted to SEK 70.0 (61.4) million wit a gross margin of 57.2
(59.8) %.
During the fourth quarter, we have seen increased activity in
the market , which we are responding to with a continued strong
customer offering. The customer base has remained intact throughout
the pandemic and we are seeing a significant recovery in the
market, and customer activity has increased. The number of
procurements has increased and customers have started planning for
new projects to a greater extent.
As in previous quarters, we are seeing an increase in activity
in the market internationally and some shortage of components has
led to delays in hardware and project deliveries.
Change of ownership
During the third quarter, the company changed its ownership. The
management of ZetaDisplay, together with the new owners, has
initiated the work to promote growth and create long-term positive
effects.
Outlook
We are positive about the market recovering and we are preparing
for further growth.
Malmö 28 February 2022
Per Mandorf
President and CEO
This year-end report has not been reviewed by the
company’s auditor and is a translation of the original Swedish
year-end report that has been formally approved by the Board of
Directors
Financial reporting dates:ZetaDisplay AB annual
financial statements will be published on ir.zetadisplay.com last
week in April. (week 17)
For further information, please contact:
Per Mandorf, President & CEOMobile: +46
704- 25 82 34E-Mail: per.mandorf@zetadisplay.com
Jacob Stjernfält, CFOMobile: +46 768-75 41
77E-Mail: jacob.stjernfalt@zetadisplay.com
Robert Bryhn, CMOMobile: +46 709-80 20
80E-Mail: robert.bryhn@@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a leader in the Nordic region and second in
Europe. We actively 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 point of
decision-making in shops, in public environments and in workplaces.
Our solutions are known as Digital Signage which we develop and
offer as SaaS solutions. We are a globally leading player that
actively influences the development of the international Digital
Signage market organically, through innovation and through
acquisitions.
ZetaDisplay is headquartered in Malmö, has sales of
approximately SEK 450 million and employs 200 people at ten offices
in six European countries and the USA. In total, the company
handles 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
- ZetaDisplay Q4 Year end report 2021 - ENG - FINAL
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