Seamless Distribution Systems AB

Seamless Distribution Systems har meddelat att Martin Schedin blir ny VD från och med den 10 april 2025. Jens Ålander har redan tillträtt som ny CFO den 1 april 2025. Martin Schedin har tidigare varit CFO sedan 2018 och tillförordnad VD mellan 2022 och 2023. Jens Ålander har omfattande erfarenhet inom IT och Telekom och har haft ledande positioner på flera företag, inklusive Ericsson. Den nuvarande VD:n Eddy Cojulun lämnar sin post omedelbart men kommer att fortsätta stödja företaget i Latinamerika. Styrelsen anser att Martin Schedin och Jens Ålander är rätt ledarduo för att driva företagets framtida tillväxt. Seamless Distribution Systems är ett svenskt mjukvaruföretag specialiserat på mobila betaltjänster och har en global närvaro med cirka 267 anställda. SDS är noterat på Nordic SME på Nordic Growth Market.

Seamless Distribution Systems AB (SDS) announced a breach of one of its financial covenants, as its liquid assets were 2.9 MSEK, below the required 10 MSEK as of December 31, 2024. Despite this, SDS exceeded its 2024 sales target by achieving 9.0 MUSD, surpassing the goal by 1.0 MUSD. The company plans to strengthen its cash position in early 2025 by opting for a lower interest payment in February and is discussing a short-term overdraft facility with bondholders. SDS is a Swedish software company specializing in mobile payment services, with operations in multiple countries and handling over 15 billion transactions annually. Its shares are listed on the Nordic Growth Market.

SDS has renegotiated its bond loan, allowing it to pay a reduced interest amount on four occasions during the bond's term. On February 5, 2025, SDS will pay approximately 50% of the regular interest, reducing the rate from 9% to 5%, with the remaining 6% capitalized and added to the bond, increasing its value from SEK 231.5 million to SEK 235.0 million. This adjustment aligns with the renegotiated terms dated October 17, 2024. In 2024, SDS exceeded its interim sales target by USD 1.0 million, achieving USD 9.0 million instead of the planned USD 8.0 million. Despite this success, SDS aims to strengthen its cash position in early 2025, using the lower interest payment option to build a stable cash reserve starting March 2025. SDS is a Swedish international software company specializing in mobile payment services, with operations in multiple countries and a significant global reach. Its shares are listed on the Nordic Growth Market.

Seamless Distribution Systems AB (SDS) announced that on the last day of 2024, it signed a SEK 5.2 million contract to migrate from its Paymobile platform to its ERS platform with a major telecom operator in Tunisia. This marks the completion of all migrations from the eServGlobal platform, acquired in 2019, to SDS's core system, aligning with the company's strategy over the past five years. The contract contributes to SDS closing 2024 with USD 9.0 million in new orders, exceeding its target by USD 1.0 million. CEO Eddy Cojulun expressed satisfaction with the year's achievements and optimism for 2025. SDS is an international software company specializing in mobile payment services, with a presence in several countries and handling over 15 billion transactions annually. Its shares are listed on the Nordic Growth Market's Nordic SME.

SDS has signed a significant contract worth SEK 6.5 million with an existing customer in Bangladesh to lead a transformation project for a retailer's mobile application. The project will focus on enhancing the app's UI/UX and backend technology to improve user experience and operational efficiency. The first phase aims to improve the reseller experience with better user retention, innovative and responsive design, and simplified navigation. Future enhancements will focus on performance and scalability to maintain the app's market competitiveness. The revenue from this contract will be recognized in the first half of 2025. SDS is a Swedish software company specializing in mobile payment services and handles a large volume of transactions globally. SDS is listed on the Nordic SME at the Nordic Growth Market.

SDS has announced a SEK 16.8 million order with an operator in Sudan, consisting of SEK 6.2 million in new sales and SEK 10.6 million in support over four years. The agreement includes the deployment of SDS's Retail Value Management suite, aimed at digitalizing the operator's sales and distribution processes. The new sales revenue will be recorded in the fourth quarter of 2024, with support revenue spread over the following four years. SDS is a Swedish software company specializing in mobile payment services and operates in multiple countries, handling over 15 billion transactions annually. Its shares are listed on the Nordic Growth Market.

Seamless Distribution Systems AB (SDS) has signed a SEK 7.6 million migration contract with an Iraqi operator, transitioning from its Paymobile platform to its standard ERS platform. This contract marks a significant step in SDS's growth and strengthens its position in the global telecommunications industry. The migration from the eServGlobal platform, acquired in 2019, aligns with SDS's strategy over the past five years and aims to enhance operational efficiency for the customer. Revenue from the project will be recognized in 2024 and 2025. SDS is a Swedish software company specializing in mobile payment services, with solutions implemented globally. The company is listed on the Nordic SME at the Nordic Growth Market.

Seamless Distribution Systems (SDS) has received a SEK 6.0 million order from South Africa's largest mobile operator to implement its Inventory Distribution Management (IDM) system. This system aims to enhance supply chain operations by providing real-time inventory tracking and improved forecasting, ultimately driving efficiency and cost savings. The partnership reflects SDS's leadership in the telecommunications sector, with the revenue from the order expected in the fourth quarter. SDS is a Swedish software company specializing in mobile payment services, with a significant global presence and handling over 15 billion transactions annually.