Year end report 2022
Strong growth and continued investments
October - December 2022
- Net sales increased by 36.8 % to SEK 167.4 (122.4) million.
Adjusted for currency effects, sales increased by 27.6% to SEK
166.9 (130.8) million.
- SaaS revenues increased by 10.4 % to SEK 49.8 (45.1)
million.
- ARR amounted to SEK 197.7 million compared to (192.2) MSEK last
quarter.
- EBITDA amounted to SEK 14.7 (15.3) million. Adjusted for items
affecting comparability, EBITDA amounted to SEK 21.5 (17.9)
million.
- Operating profit amounted to SEK 5.2 (6.0) million.
January - December 2022
- Net sales increased by 27.1 % to SEK 534.5 (420.5)
million.
- SaaS revenues increased by 11.1 % to SEK 192.3 (173.1)
million.
- EBITDA amounted to SEK 45.8 (50.1) million. Adjusted for items
affecting comparability, EBITDA amounted to SEK 72.0 (72.4)
million.
- Operating profit amounted to SEK 7.2 (14.5) million.
Significant events during the quarter
- No significant events occurred during the quarter.
Significant events after the quarter
- ZetaDisplay has completed the refinancing process of its
senior unsecured bonds.
Comments from the CEO
Strong growth and continued investments
ZetaDisplays net sales amounted to SEK 167.4 (122.4) million,
which is an increase of 36.8% compared to the same period last
year. Adjusted for currency effects, sales increased by 27.6% to
SEK 166.9 (130.8) million. SaaS revenues amounted to SEK 49.8
(45.1) million and represented 29.7 (36.8) % of net sales. ARR was
listed at SEK 197.7 million and EBITDA amounted to SEK 14.7 (15.3)
million. Adjusted for items affecting comparability, EBITDA was SEK
21.5 (17.9) million.
Net sales are attributable to increasing activity in the market.
Project sales were 52.1 % higher than the corresponding period last
year and were quoted at SEK 117.6 (77.3) million. Gross profit
amounted to SEK 83.4 (70.0) million, corresponding to a gross
margin of 49.8 (57.2) %. The margin was affected by a higher share
of project sales compared to the previous year.
Comment
The quarter has meant increased business activity with larger
orders, both for our existing customers and in new customer sales.
New and renegotiated framework agreements for 2023 accelerate our
growth and contribute to our international expansion. The
implementation of key group strategic initiatives is progressing
according to plan and strengthens the organization's capabilities.
We see good opportunities for continued growth in both the short
and long term as well as increased activity regarding new business
opportunities, especially in the large customer segment.
Outlook
We continue to closely monitor developments in the market and in
the rest of the world. Through our strong partnerships with leading
suppliers and through increasing efficiency coordination within the
Group and a stable international customer portfolio, we are well
prepared to handle any challenges. Our assessment is that the
market will continue to show growth in the coming quarters.
During the quarter, we continued to invest consciously for the
future, which paves the way for scalable growth in a growing market
with strengthened organizational and product conditions.
I would especially like to thank our employees for their strong
performance and commitment during the quarter and thank our
customers for their trust.
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
Full Q4 year end report
attached and available
on https://ir.zetadisplay.com/
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
28 February 2023.
Upcoming financial reporting dates:ZetaDisplay
AB annual financial statements will be published on
ir.zetadisplay.com 28 April 2023
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
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
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