Interim Report January - June 2022
August 31 2022 - 11:00AM
Interim Report January - June 2022
Continued growth and investments for the
future
January - June 2022
• Net sales increased by 20.7 % to SEK 237.2 (196.5) million•
SaaS revenue increased by 12.6% to SEK 94.1 (83.6) million. •
EBITDA amounted to SEK 13.9 (21.6) million. Adjusted for
non-recurring items, EBITDA amounted to MSEK 16.8 (30.5) •
Operating profit amounted to MSEK -5.7 (4.1)
See attached report for additional information.
Significant events during the quarter• No
significant events occurred during the quarter.
Significant events after the quarter• No
significant events occurred after the quarter.
Comments from the CEOContinued growth and investments
for the future
ZetaDisplay's net sales amounted to SEK 126.0 (108.7) million,
which is an increase of 15.9% compared to the same period last
year. SaaS revenues amounted to SEK 47.1 (43.5) million and
accounted for 37.4 (40.0) % of net sales. ARR was quoted at SEK
187.9 million and EBITDA was SEK 8.5 (10.1) million. Adjusted for
non-recurring items, EBITDA was MSE K 8.5 (17.1).The increase in
net sales is due to the increase in market activity. Project sales
were 20.9% higher than the corresponding period last year and were
quoted at SEK 78.9 (65.3) million. Gross profit amounted to SEK
72.8 (65.4) million, corresponding to a gross margin of 57.8 (60.2)
%. The margin was affected by a higher share of project sales
compared to the previous year.
A growing marketThe international framework
agreements continue to develop according to plan. This has resulted
in several new installations in both existing and new markets. We
are also seeing increased activity regarding new business
opportunities in new customer sales. This is as a result of the
investments we have made in our offering and our organization,
which has strengthened our ability. The general increase in
activity in the market internationally and some shortage of
components has led to some delays in hardware deliveries. We have
largely been able to handle the situation thanks to our strong
position with leading suppliers and through coordination within the
Group. Delivery challenges may continue during the autumn, but we
are prepared to continue to be able to handle any effects.
OutlookThe market has recovered during the
current year and we are preparing for further growth in the second
half of the year. I feel great pride in our performance during the
quarter. I would like to thank our employees for a strong
commitment and our customers for the trust we receive. During the
quarter, we continued to invest for the future, which creates
confidence for continued scalable growth in a growing market.
Malmö, August 31, 2022Per MandorfPresident and
CEO
This report has not been subject to review by the
company's auditor. This 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 31 August 2022 at 15:00
CET
Upcoming reporting sessions
ZetaDisplay AB's Q3 report will be published on
ir.zetadisplay.com on November 30:th 2022
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 ZetaDisplayZetaDisplay is a leader in the
Nordic region and second leader 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 450 million and employs 200
employees in ten offices in six European countries and the United
States. 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
- ZD INTERIM Report Q2 2022 - FINAL - ENG
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