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SDS has received an initial order, with a total value of SEK 4.2 million, from an existing customer who is one of the leading mobile operators in Oman. The order is for a development team hired by the customer for a fixed period to develop software features that add new capabilities to the existing operational critical platform.
SDS RECEIVES A NEW ORDER WORTH SEK 4.2 MILLION
SEAMLESS RECEIVES APPROVAL FOR AMENDMENTS TO BOND TERMS AND CONDITIONS
The written procedure initiated by Seamless Distribution Systems AB (publ) ("SDS") through notice on 8 March 2023, regarding certain requested amendments to the terms and conditions for SDS' outstanding bonds (the "Terms and Conditions") has been concluded today.
SEAMLESS BRINGS FORWARD THE ANNUAL GENERAL MEETING, PUBLICATION OF THE ANNUAL REPORT 2022 AND INTERIM REPORT FOR THE PERIOD Q1 2023
Seamless Distribution Systems AB's (publ) ("SDS") updates its financial calendar and has decided to postpone the publication of the annual report 2022 until April 14 2023. The previously communicated date for publication was March 16 2023. Publication of the interim report for the period Q1 2023 will be moved to May 15 2023, instead of April 20 2023 as previously communicated.
SEAMLESS INITIATES WRITTEN PROCEDURE REGARDING AMENDMENTS IN BOND TERMS AND CONDITIONS
Redeye lowers its long-term estimates and fair value range on the back of the Q4 2022 report. We comment on the weak Q4 numbers and whether they reflect the underlying health of the business.
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YEAR-END REPORT FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2022
October - December
SEAMLESS ANNOUNCES LOWER RESULTS FOR Q4 AND INITIATES COST-CUTTING PROGRAM
Update on Q4 results 2022
During the fourth quarter of 2022, the group's organic growth was negative, mainly due to delays in projects that, according to previous forecasts would have been completed in the fourth quarter, and that two projects that were recognized as revenue earlier in 2022 were terminated by the customer.
Redeye raises its long-term estimates but maintains its fair value range unchanged on the back of the Q3 2022 report. We comment on the recent order intake and investments paving the way for improved growth, profitability, and cash flow generation.
Redeye expects to make smaller forecast adjustments on the back of this Q3 report, which was in line with our expectations.