ZETADISPLAY AB (publ) INTERIM REPORT 1 JANUARY – 31 MARCH 2024
30 Maio 2024 - 3:00AM
UK Regulatory
ZETADISPLAY AB (publ) INTERIM REPORT 1 JANUARY – 31 MARCH 2024
Q1 Interim report JANUARY – MARCH 2024 for ZetaDisplay
AB (publ) is now available at ir.zetadisplay.com
Report summary:
JANUARY – MARCH 2024
- SaaS revenue increased by 21.7% to SEK 60.9 (50.0) million
- Excluding the impact of acquisitions, the increase in SaaS
revenue was 11.5%
- Net sales increased by 6.4% to SEK 127.2 (119.6) million
- Proforma net sales, including newly acquired Beyond, amounted
to SEK 148.5 (147.1)
million
- Gross margin remained stable at 60% (60%)
- Adjusted EBITDA was SEK 12.8 (10.1) million
CEO comment
STRONG SAAS GROWTH IN THE FIRST QUARTER
Net sales for the quarter amounted to SEK 127.2 (119.6) million.
SaaS revenue was SEK 60.9 (50.0) million and represented 47.8%
(41.8%) of net sales. Proforma net sales amounted to SEK 148.5
(147.1) million. Reported EBITDA before restructuring costs was SEK
5.4 (3.8) million. Adjusted for Hanover costs and other
non-recurring items, EBITDA amounted to SEK 12.8 (10.1)
million.
The first quarter of 2024 showcased robust growth in SaaS revenue
and sustained gross margin,
Additionally, our funnels of new projects are steadily increasing,
reflecting the growing interest in our services.
Despite encountering delays in some of the planned NRR projects
going into Q2, our overall momentum remains strong. Notably we
realized a significant growth in adjusted EBITDA equal to 27%.
Our new CFO, Claes Pedersen, started in February and brings with
him a wealth of experience that will facilitate our efforts to
upscale and effectively manage a larger multi- national
organization with higher complexity.
During the quarter we dedicated time to prepare for our strategic
acquisition of Beyond Digital Solutions Ltd, that took place on
April 9. This acquisition gives ZetaDisplay direct access and
presence in one of the largest and most advanced digital signage
markets in Europe, as well as an interesting set of UK customers
and a highly competent and motivated UK team.
The Austrian company PeakMedia Digital Signage GmbH, acquired in
September 2023, is performing well and is demonstrating strong
growth, while integration proceeds as planned within key areas
such as software platform, marketing, finance and HR.
OUTLOOK
Our long-term plan and investment initiatives for growth
continue by executing on our 2024 strategic growth transformation
plan and upscaling of key areas in our organization. We expect
recent acquisitions to yield additional growth in the medium term
together with an increased focus on organic growth.
As always, we maintain our commitment to prioritizing and investing
in activities that foster long-term growth and enhance our focus on
customer satisfaction.
I would like to thank all our co-workers for their tireless
commitment to our customers and thank our customers for their
continued trust.
Malmö, 30 May 2024
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 Anders Olin, at 08:00 CET on
30 May 2024
- Full Q1 report attached and available
at https://ir.zetadisplay.com/financial-reports -
For further questions, please contact:
Anders Olin, President & CEO
Mobile: +46 076-101 14 88
E-Mail: anders.olin@zetadisplay.com
Claes Pedersen, CFO
Mobile: +45 23-68 86 58
E-Mail: claes.pedersen@zetadisplay.com
ABOUT ZETADISPLAY
20 years of leadership and innovation in digital signage.
ZetaDisplay was founded 2003 in Sweden as one of the early pioneers
of digital signage. We are one of the leading European corporations
in the digital signage market and a leading force in the European
digital signage industry. Our proprietary software platform,
digital business development and consulting services, innovative
digital signage solutions, and creative concepts regularly inspire-
influence and guide millions of people every day in retail
environments, in restaurants, on advertising screens, in factories,
on trains, on cruise ships, in stadiums, in workplaces and in all
types of public spaces indoor and outdoor. ZetaDisplay is one of
the largest leading European digital signage companies with direct
operations in eight European countries and the US with 120,000
active installations in over 50 countries, across all major
continents where we are the business partner of choice for many of
the worlds most respected blue-chip brands and companies.
ZetaDisplay is based in Malmö-Sweden, has a turnover of SEK
+500 million and employs approx. 240 co-workers. ZetaDisplay is
owned by the investment company Hanover Investors. More information
at www.ir.zetadisplay.com and www.hanoverinvestors.com.
- Interim report January - March 2024
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