ZetaDisplay AB Q1 interim report shows growth in SaaS revenue and net sales

From GlobeNewswire: 2024-05-30 02:00:00

ZetaDisplay AB (publ) released its Q1 Interim report for January-March 2024. SaaS revenue increased by 21.7% to SEK 60.9 million, with net sales rising by 6.4% to SEK 127.2 million. Proforma net sales, including acquisitions, reached SEK 148.5 million. Gross margin remained stable at 60%. Adjusted EBITDA was SEK 12.8 million.

The CEO commented on the strong growth in SaaS revenue, accounting for 47.8% of net sales. EBITDA before restructuring costs was SEK 5.4 million, rising to SEK 12.8 million when adjusted. Despite delays, new projects are increasing, with a 27% growth in adjusted EBITDA. Strategic acquisitions are contributing to growth.

ZetaDisplay outlines its outlook, focusing on long-term growth initiatives, recent acquisitions, and customer satisfaction. The company plans to execute its strategic growth transformation plan, emphasizing organic growth and investment in key areas. The commitment to customer satisfaction remains a priority for the future.

ZetaDisplay, with 20 years of leadership and innovation in digital signage, emphasizes its role as a European leader in the industry and a preferred business partner for blue-chip brands globally. With operations in eight European countries and the US, the company’s innovative solutions reach millions daily across various public spaces.



Read more at GlobeNewswire:: ZETADISPLAY AB (publ) INTERIM REPORT 1 JANUARY – 31 MARCH