CEO comment
"Returning as CEO of SDS, I enter with good insight and great respect when taking on the leadership role again. I am convinced that my eight years of experience with Seamless and SDS will serve the company and our customers well. I've seen Seamless grow from the small Swedish IT company with international ambitions to today's SDS with the majority of employees working close to our customers in Africa, Asia and the Middle East. SDS is today a multicultural, international company with impressive capabilities and expertise in our markets.

We have seen a weak 2017 in terms of both sales and profit. After the separation from former owner Invuo, we have spent a lot of time cleaning up things and especially in the Indian business we had inadequate accounting that resulted in cost of cleaning up just over 2 MSEK hitting the fourth quarter. We now have new financial staff in place to ensure the quality of the accounts forward. Nobody is happy with last year's outcome, but our energy and willingness to win is unbroken and I'm optimistic about the future.

Our customers still give us confidence in increased recurring revenue and purchases of our new products, such as microcredit. Hard work during the past year has resulted in a large number of potential businesses, which however have not come to an end at the pace we expected. At the same time, we have not lost any significant business but our clients' investment decisions have been pushed forward over the year-end. The time span for sales campaigns against new major customers is often several years, from first contact to finish. Our order potential is good, but difficult to control on time. After a weak 2017, I now look forward to a successful 2018 "

For the complete report see the attached file.