NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933) OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW
ZetaDisplay initiates refinancing process regarding its senior unsecured bonds first callable on 20 December 2022 and publishes monetary efficiency for Q3 2022
Stockholm, 7 November 2022
ZetaDisplay AB (publ) has mandated ABG Sundal Collier AB to rearrange a collection of mounted earnings investor conferences commencing on 8 November 2022.
The conferences shall be used to debate a possible challenge of SEK denominated senior secured callable floating charge bonds in an quantity as much as SEK 400 million with a tenor of 4 years, topic to, inter alia, market circumstances, and alternate options to deal with the maturity of ZetaDisplay’s present unsecured bonds.
The internet proceeds from a brand new bond challenge will, inter alia, be utilized in direction of compensation in stuffed with ZetaDisplay’s present unsecured bonds (ISIN: SE0013109568) with maturity on 20 March 2023.
In reference to and topic to a profitable challenge, ZetaDisplay could provide holders of its present unsecured bonds the choice to trade their present holding for brand spanking new secured bonds upon issuance at a value to be decided in reference to the pricing of the brand new challenge. The unsecured bonds repurchased within the trade provide shall be cancelled.
Subject to a profitable challenge, ZetaDisplay will give a discover of voluntary early redemption of all present unsecured bonds which aren’t exchanged for brand spanking new secured bonds, with redemption on its first name date, 20 December 2022. The redemption proceeds together with accrued curiosity shall be positioned on an account and pledged for the remaining unsecured bonds.
Any present bondholder who could have an curiosity in exchanging their present holding for brand spanking new bonds could contact ABG Sundal Collier AB at phone no: +46 (0) 8 566 286 40 or by electronic mail: [email protected].
In reference to the refinancing process, ZetaDisplay units out beneath an replace on its monetary efficiency for Q3 2022.
Key unaudited consolidated monetary info for the three months ended 30 September 2022:
- Net gross sales elevated by 27.8% y-o-y and amounted to SEK 129.9 (101.6) million, with SaaS revenues experiencing a y-o-y development of 8.9% and amounted to SEK 48.4 (44.5) million. Total revenues grew by 25.5% y-o-y and amounted to SEK 133.7 (106.5) million
- Annual Recurring Revenues, as offered within the monetary studies, skilled a development of two.3% q-o-q and amounted to SEK 192.2 (187.9) million, highlighting the continued improve in ZetaDisplay’s recurring income base
- EBITDA amounted to SEK 17.2 (13.2) million. Adjusted for non-recurring gadgets as offered within the monetary studies, EBITDA amounted to SEK 17.2 (24.0) million. Reported EBITDA figures embrace prices related to strategic and operational initiatives that are anticipated will profit the business sooner or later. Adjusted for these extraordinary prices, EBITDA to quantity to SEK 66.9 million on a rolling twelve month-rolling foundation
- Gross interest-bearing debt amounted to SEK 320.1 million and money and money equivalents amounted to SEK 41.4 million
This info is info that ZetaDisplay AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The info was submitted for publication, via the company of the contact particular person set out beneath, at 08.00 CET on 7 November 2022.
For additional info please contact:
Per Mandorf, President & CEO
Mobile: +46 704-25 82 34
E-Mail: [email protected]
Michael van Straten, CFO
Mobile: +45-538-482 83
E-Mail: [email protected]
Robert Bryhn, CMO / Head of Communication
Mobile: +46 709-80 20 80
E-Mail: robert.bryhn@@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a frontrunner within the Nordic area and second in Europe and we drive the digital transformation in bodily environments every day. Our options, ideas and software program digitize, affect and inform folks’s conduct on the time of decision-making in shops, in public environments and in workplaces. Our options are often known as Digital Signage which we develop and provide as SaaS options. We are a worldwide chief that actively influences the event of the worldwide Digital Signage market organically, via innovation and thru acquisitions.
ZetaDisplay relies in Malmö, has a turnover of roughly SEK +500 million and employs 220 staff in places of work in six European nations. In complete, the corporate manages over 80,000 installations in additional than 50 markets. ZetaDisplay is owned by the British funding firm Hanover Investors. More info at www.ir.zetadisplay.com and www.hanoverinvestors.com
- Bond Re-financing and Financial efficiency for Q3 2022