contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


impala-nordic-seamless-distribution-systems-impala-nordic-publishes-teaser-analysis

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Seamless Distribution Systems är verksamt inom IT-sektorn. Specialisering sker inom digital distribution via bolagets framtagna multiaccess plattform som hanterar olika e-transaktioner. Kunderna återfinns bland aktörer inom telekombranschen. Verksamhet innehas på global nivå, med störst närvaro inom Europa, Nordamerika och Asien. Huvudkontoret ligger i Stockholm.

Jag har fortfarande inte gjort någon mer ingående bevakning av detta (heller). Q3-siffrorna är ute, och det ser inte ut att ha skett någon väsentlig utveckling. Men under Q3 har det kommit in större order, vilket lovar åtminstone lite bättre inför framtiden.  Delårsrapport för perioden 1 januari - 30 september 2022 Juli - September  Nettoomsättningen uppgick till 76,1 (78,7) MSEK, en minskning med -3,3% jämfört med samma  period föregående år. Jämfört med andra kvartalet i år (68,9) så ökade omsättningen med 10,5%. EBITDA-resultatet uppgick till 19,2 (19,7) MSEK, en minskning med -2,5% jämfört med samma  period föregående år. Jämfört med andra kvartalet i år (15,4) så ökade EBITDA-resultatet med 25,0%. EBITDA-marginalen uppgick till 25,3% (25,1%). Resultat efter skatt uppgick till 0,1 (1,9) MSEK. Resultat per aktie uppgick till 0,01 (0,19) SEK. Periodens kassaflöde uppgick till -0,3 (-11,4) MSEK.  Januari - September  Nettoomsättningen uppgick till 208,0 (209,4) MSEK, en minskning med -0,7% jämfört med samma  period föregående år. EBITDA-resultatet uppgick till 43,9 (44,7) MSEK, en minskning med -1,7% jämfört med samma  period föregående år. EBITDA-marginalen uppgick till 21,1% (21,3%). Resultat efter skatt uppgick till -9,6 (0,6) MSEK. Resultat per aktie uppgick till -0,93 (0,06) SEK. Periodens kassaflöde uppgick till -7,8 (20,8) MSEK.  VD har ordet  Under årets tredje kvartal har SDS:s affärsverksamhet fortsatt på en hög nivå. Vi har tagit ett flertal nya affärer där genombrottsaffären med Sudatel för tre marknader samtidigt, var kvartalets höjdpunkt.  Edit: Redeyes kommentarer härnäst                   redeye.se              Seamless Distribution Systems Q3: High business activity behind solid figures    Redeye expects to make smaller forecast adjustments on the back of this Q3 report, which was in line with our expectations. All financial metrics have recovered from low H1 2022 levels, and the compa                              Ledningens kommentarer anger att resultaten börjar återhämta sig från de svaga nivåerna under första halvåret 2022 och att man bygger upp en attraktiv pipeline. Man har bland annat slutfört stora implementeringar av nya produkter och färdigställt övergången till en modern teknisk arkitektur (mikrotjänster). Båda dessa har tagit längre tid än väntat. Detta lägger grunden för framtida tillväxt, marginalexpansion och förbättrade kassaflöden. SDS verksamhet verkar utvecklas väl under andra halvåret 2022. Man tillkännagav (1) sitt största avtal någonsin tillsammans med Sudatel Group (mer här), (2) ett avtal värt 10 miljoner kronor med en saudisk telekomkoncern, den största marknaden i Mellanöstern (mer här), och (3) en order på 3,4 miljoner kronor för sin Smart Sales & Distribution-produkt från en befintlig sudanesisk kund.

Redeyen kommenttia viimeisimmästä tilauksesta. Valuaatio ottanut isoja askeleita alas muun markkinan mukana, pitääpä ottaa taas tarkempaan seurantaan   Seamless Distribution Systems: Worth the wait – SEK10m agreement from a new Saudi customer Redeye reiterates its fair value range and Base Case (SEK52) following a major agreement from a new customer: a leading Saudi telecom group. The deal is initially worth SEK10m but leads to meaningful upsell opportunities and increases SDS’s foothold in Saudi Arabia, the largest market in the Middle East.   SDS received a SEK10m order through its partner Strategy& (a global strategy consulting firm and a part of the PwC network) to support a Saudi Arabia-based telecom operator group with its 5G buildout. The agreement regards SDS’s Smart Capex solution, essentially software for optimizing network investment planning for 5G and fibre. SDS expects most of the SEK10m to be recognized as revenues in Q3 2022 and states that this agreement could generate annual recurring revenues of the same size, should the customer continue using this product and renew its licenses. Management states to us that a typical lifetime for this product is about five to seven years (based on similar deployments). Delayed orders have materialized Sales in H1 2022 amounted to SEK132m (~SEK22m from Riaktr), growing 1% YoY but -11% organically (excluding Riaktr). SDS missed our sales expectations significantly (>10%) in Q1 and Q2 due to an underwhelming order intake. In Q1 2022, SDS stated that it was in negotiations regarding two large orders that were delayed. The first materialized in Q2 2022 and referred to an order for a Voucher Management System from a Dubai-based customer worth SEK8m. The second materialized today. This reflects well on management and its execution abilities. Positives: significant order from a new customer, large market, and strong value proposition There is a lot to like about this agreement: (1) SDS received its first order from this Saudi telecom group, which in itself is a meaningful catalyst. Should the deployment be successful, we think SDS is well-positioned to upsell additional solutions, including Smart Sales & Distribution and its RVM suite. (2) The company is establishing a significant foothold in Saudi Arabia, the largest market in the Middle East. Zain Saudi Arabia is a long-term customer of the group. With today’s announcement, SDS has business relations with two leading telecom groups in Saudi Arabia. (3) Smart Capex (developed initially by Riaktr) is a somewhat unproven solution. It generated sales of SEK9.3m in 2021 but has not led to any meaningful commercial breakthroughs until now. This agreement reflects well on Smart Capex’s value proposition and could act as a catalyst for additional deals. Restored confidence in management and outlook SDS’s share has been punished by weak earnings reports in Q1 and Q2 2022, trading down >50% YTD. Lack of organic growth, high management turnover, and uncertainty around the commercialization of Riaktr’s products have contributed to this negative sentiment. In our opinion, today’s agreement is essential as it restores confidence in management and the organic growth outlook. We set high expectations for H2 2022. While SDS is currently trading around our Bear Case, we reiterate our fair value range and Base Case of SEK52.

SDS:n johto ja hallitusporukkaa näyttää lähtevän enemmänkin https://www.bequoted.com/bolag/seamless-distribution-systems/pressmeddelande/mats-victorin-lamnar-vd-posten-pa-sds-samt-johan-wilsby-lamn-96300/ https://www.bequoted.com/bolag/seamless-distribution-systems/pressmeddelande/ordforande-leif-frykman-lamnar-seamless-distributions-system-96290/

Hieman jäänyt SDS:n seuraaminen, kun positio myyty. Q1 ulkona, tasaista taaperrusta. Investointia tulevaan, kannattavuudessa haasteita.  Pari tilausta ainakin siirtynyt Q1:ltä eteenpäin. https://investor.seamless.se/nyheter/interim-report-for-the-period-january-1-march-31-2022-95110 Interim report for the period January 1 - March 31, 2022 January - March  Net sales amounted to SEK 63.1 (61.5) million, an increase of 2.6%  compared to the same period last year. EBITDA earnings amounted to SEK 9.3 (13.9) million. EBITDA margin amounted to 14.8% (22.6%). Profit after tax amounted to SEK -7.9 (3.6) million. Earnings per share amounted to SEK -0.8 (0.4). Total cash flow amounted to SEK 4.4 (0.9) million.  CEO’s comments "Intensive start to 2022  Net sales in level with the previous year  Net sales in the first quarter landed at SEK 63 million. This is an increase of almost 3% compared to the corresponding quarter last year, but lower than we had hoped for. The main reason is two large orders, which for reasons beyond the company’s control did not arrive as expected during the quarter. Profitability was thus weighed down by the increased personnel costs with the acquisition of Riaktr and EBITDA was just over 9 million, a decrease of 33% compared to the corresponding quarter in 2021. This again shows that the company’s development cannot be seen on a quarterly basis but requires a longer perspective. A quarter with investments for the future  A very important activity for the company’s development was the participation in the Mobile World Congress, MWC, in Barcelona in the shift February-March. The company’s management conducted more than 20 high-quality customer meetings with high-level management teams at both new and prospective customers. The newly defined and expanded product portfolio attracted great interest and led to several new business discussions. During the quarter, work was completed on the definition of our new product portfolio for the value chain we call Retail Value Management, RVM. Our mobile operator customers depend on the value chain being managed efficiently as a very large part of their revenue takes place through their dealer network. With our expanded and redefined product portfolio, we have clear solutions for all the steps, challenges and growth opportunities that the operator faces in RVM. We currently see no other supplier with such a clear and broad portfolio adapted for RVM - something that was also noticed by the operators we met at MWC. The acquisition of the analysis company Riaktr in the spring of 2021 has immediately proved successful, with a positive contribution to the result in 2021. In 2022, we will take further steps in the integration of the company into SDS. The product portfolio from Riaktr is now a natural and strategically important part of RVM, in addition to its ability to continue to address its own business opportunities. During the quarter, we intensified the work with cross-selling on the expanded customer  base that came with the acquisition, and we are already starting to see results from this in new business discussions. The company carried out a directed issue of SEK 20 million during the quarter to the major owners. It feels good that all the owners surveyed participated and show continued confidence in the company and the organic growth investments the issue aims to enable. Sales development during the quarter  An important deal during the quarter was the additional order of SEK 2.7 million that the company received in Pakistan with one of the largest international operators in the region. This is an operator group that was added as a customer to SDS in 2021 and which with the order already shows us a strategically important continued confidence. The order concerned our component Smart Campaigns & Commissions, SCC, and the customer is thus expanding its installation in Pakistan with another component from our RVM portfolio. As the operator group has several local operators in the region - two of which have been SDS customers since 2021 - we see further opportunities for a successful implementation. In March, the formal and locally acclaimed agreement was signed with Vodafon Oman on site in Muscat. Vodafon Oman is making a major investment with its establishment in Oman and places great faith in SDS 'entire RVM portfolio. SDS has a volume-based business model with Vodafon Oman and the result during the quarter exceeded our forecast. Two major and important orders that were expected to arrive during the quarter were delayed due to customer-internal processes. Clear course  The market for our services remains stable and our price remains stable. With the issue supplement, we can implement the nearby growth initiatives we have identified for our organic growth. Strengthened by what we saw at MWC, we continue to see interesting opportunities for SDS in an expected market consolidation among suppliers. We consider ourselves well positioned to take a leading role in this consolidation as we have already made the necessary technology investments in Microservices, expanded and sharpened the product portfolio and demonstrated the ability for longterm profitability growth and to successfully integrate acquired companies.

SDS:lle uutta tilausta Ghanasta, ei mikään iso, mutta kuitenkin. Kokonaan uusi asiakkuus https://investor.seamless.se/nyheter/sds-receives-an-order-worth-sek-3-0-million-from-a-new-custo-91946  Seamless Distribution Systems (SDS) has received an order worth 3.0 million SEK from a brand-new customer in Ghana. The deal concerns the commissioning of SDS’s flagship product ERS 360 °, which will replace the customer’s existing solution and facilitate the digitization of the customer’s sales and distribution channel.

SDS:n Q3 raportti oli viime viikolla  Kasvu hyvällä tasolla ja aiemminkin esille olleita uusia sopimuksia isompien operaattoreiden kanssa tehtynä. Tilauskanta kuitenkin pienempi kuin odotettu, samoin haastava taloustilanne pitää asiakkaiden uudet investoinnit rajallisina.  https://investor.seamless.se/nyheter/delarsrapport-for-perioden-1-januari-30-september-2021-90222  Juli - september  Nettoomsättningen uppgick till 78,7 (68,4) MSEK, en ökning med 15,1% jämfört med samma period föregående år. EBITDA-resultatet uppgick till 19,7 (12,0) MSEK. EBITDA-marginalen uppgick till 25,1% (17,6%). Resultat efter skatt uppgick till 1,9 (1,8) MSEK. Resultat per aktie uppgick till 0,19 (0,22) SEK. Totalt kassaflöde uppgick till -11,4 (0,2) MSEK.  Januari - september  Nettoomsättningen uppgick till 209,4 (224,5) MSEK, en minskning med -6,8% jämfört med samma period föregående år. EBITDA-resultatet uppgick till 44,7 (38,8) MSEK. EBITDA-marginalen uppgick till 21,3% (17,3%). Justerat EBITDA-resultat uppgick till 50,0 (38,8) MSEK, justerat för förvärvskostnader. Justerad EBITDA-marginal uppgick till 23,9% (17,3%), justerat för förvärvskostnader. Resultat efter skatt uppgick till 0,6 (10,3) MSEK. Justerat resultat efter skatt uppgick till 5,9 (10,3) MSEK, justerat för förvärvskostnader. Resultat per aktie uppgick till 0,06 (1,26) SEK. Totalt kassaflöde uppgick till 20,8 (-1,3) MSEK.   koko raportti:           l.cdn.bequoted.com              Interim-Report-Q3-2021.pdf    3.45 MB                            Redeye julkaisi myös päivitetyn analyysin sds-group-3q21-update.pdf (499,6 Kt) Base case nousee 72SEK → 80SEK  fair value ennallaan Redeye ennusteet

SDS mukana Redeyen Growth Day 2021:n esittäjissä. n. 20 minuutin esittely. Yllättävän selkeää ruotsia, itsekin pysyin tuossa mukana jollain tavalla   Slaideista irtoaa hyvin taustaa   Parit slaidit videolta Riaktr tukee hyvin muuta SDS:n toimintaa tuomalla sinne analytiikan osaksi palvelua   90% asiakkaan liikevaihdosta kulkee SDS:n palveluiden kautta.

Seamless Distribution Systems

Impala Nordic initiates coverage on Seamless Distribution Systems AB (publ) (“SDS” or the “Company”) and publishes a teaser analysis of the Company.SDS is a global provider of mission-critical...

<div class="mfn-body"><p><strong class="mfn-heading-1">Impala Nordic initiates coverage on Seamless Distribution Systems AB (publ) (“SDS” or the “Company”) and publishes a teaser analysis of the Company.</strong></p><p>SDS is a global provider of mission-critical sales and distribution (S&amp;D) software systems for telecom operators, mainly in emerging markets. The Company’s core proposition is to digitize prepaid mobile credit for calls and data (airtime), and adjacent telecom retail flows, replacing physically distributed vouchers and manual reseller processes with real-time systems. The current phase of SDS is centred around a operational and financial turnaround. Key elements include platform modularization and the introduction of AI-driven product capabilities, as well as a comprehensive cost-efficiency program. Given this turnaround, SDS has communicated ambitious guidance of full-year 2026 EBT of about 45-55 MSEK, and in February 2026 confirmed 14-16 MSEK in “secured” EBT for the year, based on orders booked early in 2026.</p><p>Impala Nordic will follow up with a full equity analysis.</p><p><a rel="noopener" href="https://www.impalanordic.se/assets/pdf/teaser/sds-teaseranalys.pdf">Click here to read the teaser analysis.</a></p></div><div class="mfn-footer mfn-ac61dc25f8ea"><p><strong class="mfn-heading-1">For additional information, please contact:</strong></p><hr><p><strong>Charlie Dahlström, Equity Research Analyst</strong><br>charlie@impalanordic.se</p></div><div class="mfn-footer mfn-fa081da01668"><p><strong class="mfn-heading-1">About Impala Nordic</strong></p><hr><p>Impala Nordic provides company analysis, coverage, and comprehensive investor relations (IR) services. The portfolio includes listed small-cap companies, where Impala Nordic acts as a communicative bridge between the companies and investors.</p><p>The material produced by Impala Nordic is independent but sponsored. This means that Impala Nordic has received payment from the client to produce the analysis and coverage. The client has not been able to influence Impala Nordic’s opinions expressed in the material.</p></div>