Impala Nordic comments on the news that Seamless Distribution Systems AB (publ) (“SDS” or the “Company”) has secured yet another order linked to upgrades of its core ERS platform.
The most recent order of SEK 5 million increases SDS’ communicated secured earnings before tax (EBT) for 2026 to over 40 % of the full-year guidance of SEK 45-55 million. In our view, the progress indicates that the turnaround is translating into tangible earnings improvements and that SDS appears well positioned for further installed-base upgrades as more operators evaluate ERS upgrades, enhancing the credibility of the Company’s guidance.
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