Impala Nordic

Seamless Distribution Systems - Q2 Report Comment and Interview with CEO Martin Schedin

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Positiv

Sammanfattning

Seamless Distribution Systems redovisar ett starkt andra kvartal med ökande nettoomsättning och en EBITDA-marginal på 49,1%. Resultatet före skatt för halvåret är det starkaste sedan noteringen. Bolaget bibehåller helårsprognosen för resultat före skatt.

Analys

Seamless Distribution Systems levererar ett starkt andra kvartal där nettoomsättningen uppgick till 42,0 MSEK och EBITDA till 20,6 MSEK. Den rapporterade EBITDA-marginalen på 49,1% är hög. Årets första halvår ger ett resultat före skatt på 20,1 MSEK, vilket är det starkaste sedan bolagets notering. Återkommande intäkter fortsätter att öka och överstiger nu driftskostnaderna. Bolaget bibehåller sin helårsprognos för resultat före skatt på 45–55 MSEK, men betonar vikten av orderkonvertering under andra halvåret.

Nyckeltal

Net Sales (SEK M)
42.0
EBITDA (SEK M)
20.6
EBITDA Margin (%)
49.1
Profit Before Tax - H1 (SEK M)
20.1
Recurring Revenue (SEK M)
28.0
Profit Before Tax Guidance (SEK M)
45–55

Insikter

  • • Bolaget uppvisar en stark lönsamhet med hög EBITDA-marginal.
  • • Den ökande andelen återkommande intäkter skapar en stabil grund för framtida resultat.
  • • Helårsprognosen bibehålls, men framgången hänger på orderkonvertering under andra halvåret.

Impala Nordic comments on Seamless Distribution Systems AB (publ) (“Seamless” or the “Company”) report for the second quarter of 2026. Seamless delivered another strong quarter, with net sales of SEK 42.0 million and EBITDA of SEK 20.6 million, corresponding to an EBITDA margin of 49.1%. Profit before tax amounted to SEK 9.9 million, taking the first-half result to SEK 20.1 million and marking the strongest half-year since the Company’s listing. Recurring revenue increased to SEK 28.0 million and now exceeds the operating cost base, providing a solid foundation for continued profitability. Order intake was more subdued than in Q1, although management attributes this primarily to longer decision processes in the existing pipeline. The Company maintains its full-year guidance of SEK 45–55 million in profit before tax, placing increased importance on order conversion during the second half. Focus ahead is therefore on continued revenue growth, pipeline execution and maintaining the current cost discipline.As part of the Q2 coverage, Impala Nordic also interviewed CEO Martin Schedin. The interview is available on page 4 of the report.

Click here to read the comment and the interview

For additional information, please contact:

Ylber Rexhepi, VD Impala Nordicylber@impalanordic.se+46 (0) 76-034 55 03

About Impala Nordic

Impala Nordic provides equity research, 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.

Bifogade filer

SDS Q2 Rapportkommentar

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