Impala Nordic initiates coverage on Seamless Distribution Systems AB (publ) (“SDS” or the “Company”) and publishes a teaser analysis of the Company.

SDS is a global provider of mission-critical sales and distribution (S&D) software systems for telecom operators, mainly in emerging markets. The Company’s core proposition is to digitize prepaid mobile credit for calls and data (airtime), and adjacent telecom retail flows, replacing physically distributed vouchers and manual reseller processes with real-time systems. The current phase of SDS is centred around a operational and financial turnaround. Key elements include platform modularization and the introduction of AI-driven product capabilities, as well as a comprehensive cost-efficiency program. Given this turnaround, SDS has communicated ambitious guidance of full-year 2026 EBT of about 45-55 MSEK, and in February 2026 confirmed 14-16 MSEK in “secured” EBT for the year, based on orders booked early in 2026.

Impala Nordic will follow up with a full equity analysis.

Click here to read the teaser analysis.

For additional information, please contact:

Charlie Dahlström, Equity Research Analystcharlie@impalanordic.se

About Impala Nordic

Impala Nordic provides company analysis, coverage, and comprehensive investor relations (IR) services. The portfolio includes listed small-cap companies, where Impala Nordic acts as a communicative bridge between the companies and investors.

The material produced by Impala Nordic is independent but sponsored. This means that Impala Nordic has received payment from the client to produce the analysis and coverage. The client has not been able to influence Impala Nordic’s opinions expressed in the material.