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Quarterly report for the period April 1 - June 30, 2017

Second quarter

  • Net sales for the period amounted to MSEK 16.9 (25.6), a decrease of 34 percent compared to the same quarter last year.
  • Operating profit for the period was MSEK 1.3 (9.1).
  • Profit after tax amounted to MSEK -1.2 (9.1).
  • Earnings per share amounted to SEK -0.20 (18.21).
  • Cash flow before change in working capital amounted to MSEK 0.7 (8.7).

CEO comment 

"We are pleased to start a voyage as an independent company together with our new shareholders. We will ensure that we initiate a transparent, orderly, stable and sustainable journey. SDS is present in emerging markets and is well positioned at the core of our customers' operations. We have a solid software platform and stable finance that is a sound base for growth and our scalable business model allows us to exploit opportunities that arise. We welcome our new shareholders and assure them we realize the major responsibility that we now have. Our goal is to create value for all our stakeholders. This quarterly report is the last one describing SDS's situation as a wholly owned subsidiary of the SDAB Group. Starting from the next quarterly report, the story of SDS is will be described as an individual company that we just launched. We have interesting growth opportunities ahead and all chances of success. I welcome you onboard for this journey! "

- Albin Rännar, CEO Seamless Distribution Systems AB

For complete report see attached file.

August 10, 2017

For further information, please contact:
Albin Rännar, CEO
albin.rannar@seamless.se
+46 70 444 52 52

This information is the information that Seamless Distribution Systems AB (publ) is required to disclose under the EU Market Abuse Regulation and / or the Securities Market Act. The information was submitted for publication on August 10, 2017 at. 08.50 CET.

About SDS
SDS is a Swedish software company with solutions for electronic distribution of services to private consumers through mobile operators in emerging countries. The company offers its corporate customers a comprehensive solution for digital transactions. The company has customers in 28 markets that reach over 200 million mobile consumers through more than 675,000 retailers. SDS has about 140 employees in Sweden, Belgium, Ghana, Guinea, USA, Pakistan, India, Ecuador and the United Arab Emirates.

With over 16 years of experience, SDS focuses on high level of customer satisfaction and effective development. SDS manages over 5.3 billion transactions annually and enables the growing population of emerging countries to become part of the mobile revolution.

SDS share is listed on NASDAQ First North.

The company's Certified Adviser is Mangold Fondkommission AB, telephone number +46 8-5030 1550.

2017-12-29
Regulatorisk
2017-12-29
Regulatory
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