ZetaDisplay’s net sales amounted to SEK 122,4 (102,7) million. SaaS revenues amounted to SEK 45.1 (39.0) million and represented 36.8 (38.0) % of net sales. EBITDA was 15.3 SEK (20.1) million. Adjusted for non-recurring items, EBITDA amounted to 15.8 (20.1) MSEK.
The increase in net sales is mainly explained by the acquisition of German NORDLAND systems GmbH Gross profit for the period amounted to SEK 70.0 (61.4) million wit a gross margin of 57.2 (59.8) %.
During the fourth quarter, they say they have seen increased activity in the market and they say that the number of procurements has increased and customers have started planning for new projects to a greater extent.
October – December 2021
- Net sales increased by 19.2% to SEK 122.4 (102.7) million
- SaaS revenue increased by 15.6% to SEK 45.1 (39.0) million
- EBITDA amounted to SEK 15.3 (20.1) million. Adjusted for non-recurring items, EBITDA amounted to SEK 15.8 (20.1) million
- ARR amounted to SEK 180.5 million compared to SEK 177.3 million in previous quarter
- Operating profit amounted to SEK 6.0 (11.2) million
Januari – December 2021
- Net sales increased by 14.8 % to SEK 420.5 (366.2) million
- SaaS revenue increased by 11.5% to SEK 173.1 (155.2) million
- EBITDA amounted to SEK 50.1 (38.5) million. Adjusted for non-recurring items, EBITDA amounted to SEK 70.2 (55.0) million
- Operating profit amounted to SEK 14.5 (3.7) million
Significant events during the quarter
- On October 7, ZetaDisplay AB (publ) held an extraordinary general meeting and a decision was made to make changes to the Board of Directors
- On October 8, the shares in ZetaDisplay AB (publ) were delisted
- On October 22, ZetaDisplay is ranked as the leader in the Nordic region and second largest in Europe according to Invidi’s European rank.
- On November 3 ZetaDisplay wins 6-year contract with Norwegian Flytoget – Airport Express
Significant events after the quarter
- No significant events have taken place after the quarter
As in previous quarters, ZetaDisplay say that they are seeing an increase in activity in the market internationally and that some shortage of components has led to delays in hardware and project deliveries.
Follow DailyDOOH