Last kr12.95 SEK
Change Today +0.25 / 1.97%
Volume 613.2K
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As of 11:29 AM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

seamless distribution ab (SEAM) Snapshot

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12/30/13 - kr50.00
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seamless distribution ab (SEAM) Details

Seamless Distribution AB, a software development company, provides technology solutions for mobile carriers, banks, supermarkets, and distributors worldwide. It operates in three segments: Transaction Switch, Distribution, and SEQR. The company offers ERS 360 transaction switch for electronic TopUps; value-added services, such as mobile payments; and managed services, including remotely and on-site surveillance, and operation and management of the platform. It is also involved in the physical and electronic distribution of Top-Up refill codes and other electronic products through retailers, banks, and online channels. In addition, the company provides SEQR for mobile payments in stores, on-line, and in-app. It handles approximately 3.1 billion transactions with deployed e-Top Up and m-commerce solutions for approximately 40 mobile operators in 26 countries on 3 continents. Seamless Distribution AB was founded in 2001 and is headquartered in Stockholm, Sweden.

160 Employees
Last Reported Date: 11/11/14
Founded in 2001

seamless distribution ab (SEAM) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: kr2.0M
Compensation as of Fiscal Year 2013.

seamless distribution ab (SEAM) Key Developments

Seamless Distribution AB Reports Sales Results for the Third Quarter Ended September 2014

Seamless Distribution AB reported sales results for the third quarter ended September 2014. For the quarter, the company reported net sales decrease year-on-year by 24% to SEK 42.662 million. The sales are distributed between the various business segments, with 16% from the Transaction Switch business segment with 79% from the Distribution business segment and 5% from the SEQR business segment. The increase in revenues for SEQR that the company saw in the third quarter has continued, and during the period July to September, has increased by over 20%.

Seamless Signs Major Order with Operator

Seamless receives its second larger order to date by new order for distribution of airtime and data for prepaid cards for mobile phones. The order comes from a large mobile and Internet provider in Africa and Seamless thereby adds another market. The company plans to implement Seamless transaction platform, ERS 360 in order to handle distribution of airtime and data for their customers with prepaid mobile phones. The order gives the new subsidiary Seamless Distribution Systems AB, where the transaction switch now resides, a flying start. The deal with is initially worth USD 1 million and consists of eVouchers and Topups.

Seamless Distribution AB Announces Unaudited Consolidated and Parent Company Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Seamless Distribution AB announced unaudited consolidated and parent company earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, on consolidated basis, the company reported net sales of SEK 42,662,000 compared to SEK 56,095,000 a year ago. Operating loss was SEK 40,738,000 compared to SEK 23,016,000 a year ago. Loss after tax was SEK 40,794,000 or SEK 0.97 per share before and after dilution compared to SEK 19,539,000 or SEK 0.597 per share before and after dilution a year ago. For the third quarter, the cash outflow from operating activities amounted to SEK 35,627,000 compared to SEK 22,022,000 a year ago. For the nine months, on consolidated basis, the company reported net sales of SEK 127,540,000 compared to SEK 108,904,000 a year ago. Operating loss was SEK 113,685,000 compared to SEK 66,192,000 a year ago. Loss for the period was SEK 113,897,000 or SEK 0.97 per share before and after dilution compared to SEK 55,833,000 or SEK 0.597 per share before and after dilution a year ago. Cash flow from operating activities was SEK 101.7 million compared to SEK 73.61 million a year ago. The parent company’s net sales for the quarter amounted to SEK 5,393,000 compared to negative net sales of SEK 15,000 a year ago. Net financial results amounted to a profit of SEK 275,000 compared to a loss of SEK 5,497,000 a year ago.


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