Interim Report January – March 2022
May 17 2022 - 11:00AM
Interim Report January – March 2022
Continued growth in the first quarter January - March
2022
- Net sales increased by 26.7% to SEK 111.2 (87.8) million
- SaaS revenues increased by 17.0% to SEK 47.0 (40.1)
million
- EBITDA amounted to SEK 5.4 (11.4) million
- Adjusted for non-recurring items, EBITDA amounted to SEK 8.3
(13.3) million
- ARR amounted to SEK 192.6 million compared with SEK 180.5
million in the previous quarter.
- Operating profit amounted to SEK -4.5 (3.1) million
Significant events during the quarter
- No significant events during the first quarter
Significant events after the first quarter
- No significant events after the first quarter
CEO comment
Net sales amounted to SEK 111.2 (87.8) million. SaaS
revenues amounted to SEK 47.0 (40.1) million and represented 42.2 %
(45.7) of net sales. EBITDA was SEK 5.4 (11.4) million. Adjusted
for non-recurring items, EBITDA amounted to SEK 8.3 (13.3)
million.
The increase in net sales is partly explained by the acquisition
of the German NORDLAND systems GmbH and partly organic growth.
Gross profit amounted to SEK 66.4 (57.2) million with a gross
margin of 59.7 (65.2) %.
During the first quarter, we have seen continued increased
activity in the market, internationally and nationally, which we
are responding to with a strong customer offering. The number of
procurements has increased, and customers have to a greater extent
started planning for new projects. Further, we have seen that some
shortage of components has led to delays in hardware and project
deliveries.
Outlook
We are positive that the market continues to recover, and we are
preparing for further growth.
Malmö, 17 May 2022
Per Mandorf
President and CEO
This report has not been reviewed by the
company's auditors. This interim report is a translation of the
original Swedish interim report that has been formally approved by
the Board of Directors. This interim report is such
information that ZetaDisplay AB is obliged to make public pursuant
to the EU Market Abuse Regulation. The information was submitted,
on the authority of Per Mandorf for publication on 17 May 2022
at 5:00 p.m CET
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
Stefan Egerstad, Interim CFOMobile: +46
702-99 88 67E-Mail: stefan.egerstad@zetadisplay.com
Robert Bryhn, CMO / Head of
CommunicationMobile: +46 709-80 20 80E-Mail:
robert.bryhn@@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a European leader in Digital Signage. We are
number one 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 - Sweden, has annual sales
of approximately SEK 500 million and employs more than 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: https://zetadisplay.com ,
www.ir.zetadisplay.com and www.hanoverinvestors.com
- ZetaDisplay Interim report Q1-2022
Zetadisplay Ab (LSE:0WBI)
Historical Stock Chart
From Apr 2024 to May 2024
Zetadisplay Ab (LSE:0WBI)
Historical Stock Chart
From May 2023 to May 2024