Sweden, 2015-04-24 15:12 CEST (GLOBE NEWSWIRE) --
The ZetaDisplay AB (publ) 2014 annual report has been published and can be seen on the Group's web site.
CEO Leif Liljebrunn says in the report that the last quarter met its high expectations and provided a good fillip to the whole year.
“Having suffered delays in a number of customer projects, deliveries finally began in earnest. For the full year, we had a turnover of MSEK 58.5 (60.9), with a positive EBITDA margin of MSEK 0.5* (-5.0). The slightly lower turnover may be seen in light of that during the beginning of the year an efficiency program was started, with the aim of reducing costs by over MSEK 8 over the rolling 12 months”, continued CEO Leif Liljebrunn.
"We made a turnround in the last quarter and turned over MSEK 24.3 (16.8) with an operating profit of MSEK 3.2* (-2.0) and an EBITDA of MSEK 4.1* (-1.2).
The gross margin increased to 59% (52%), which is the result of the rising share of services in total sales. This development gives the company a long-term stable revenue stream and also creates a deeper relationship with customers.
Today we have over 100 major retail/service companies to whom we daily deliver services and digital systems. Most of these companies are spread across 5 countries and operate in a number of different branches. Our current customer base continues to foster growth while our dependency on specific countries or individual clients diminishes. “
Finally, Leif Liljebrunn says that thanks to the fact that many clients have not yet made the necessary investments, an interesting and expansive market is opening up for ZetaDisplay. The flow of enquiries coming in from new clients has continued, whilst ZetaDisplay is receiving an increasing number of requests for information from clients who have already begun to invest with other suppliers.
* excluding MSEK 0.8 of acquisition costs.
The annual report is attached to this press release and may also be downloaded from http://www.zetadisplay.com
For more information please contact:
ZetaDisplay AB (publ)
CEO Leif Liljebrunn
Telephone: +46 70 845 80 52
E-mail: leif.liljebrunn@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a leading supplier of Digital Signage to major chains in the retailing and service sectors of the European market. The head office is in Sweden and there are sales offices located in Denmark, Norway, Finland, Estonia and the Netherlands. Since April 2011 the company’s shares have been traded on NASDAQ OMX First North Premier, using the ZETA abbreviation. The Certified Adviser is Erik Penser Bankaktiebolag. More information can be found at http://www.zetadisplay.com
About Digital Signage and multi-channel communication
ZetaDisplay defines Digital Signage as a system for advertising, profiling and retail store communication, which forwards audio, images and film related to retail stores and information in the public environment. A Swedish name for Digital Signage translates as digital retailing communications. Solutions based on digital displays form a large part of the market, but development is proceeding towards the utilisation of more digital channels to communicate customer offers and other information. This is a matter of solutions that are integrated into social media and web sites, and apps for smart mobile phones and tablets which create interaction with customers. Development is also progressing towards integrating solutions with retailers’ cash desks for automatic price updating and the automatic switching of offers on the digital displays.
