Brief: Seamless Distribution Systems Gets Order In South Africa Worth SEK 20 Million

Seamless Distribution Systems AB

04/12/2019 13:03

Dec 4 (Reuters) - Seamless Distribution Systems AB
 SDSY.ST :
    * SDS RECEIVES MAJOR ORDER IN SOUTH AFRICA WORTH SEK 20
MILLION
    * SDS HAS RECEIVED AN ORDER FROM ONE OF SOUTH AFRICA'S
LARGEST
MOBILE OPERATORS, WHICH IS ALSO AFRICA'S LARGEST CARRIER GROUP
WITH OPERATIONS ACROSS SEVERAL COUNTRIES
    * THIS IS FIRST ORDER RECEIVED BY SDS IN SOUTH AFRICA AND
HAS AN
INITIAL VALUE OF SEK 20 MILLION
    * DELIVERY WILL START IMMEDIATELY AND SDS PLANS TO COMPLETE
PROJECT PART OF DEAL BEFORE END OF Q2 OF 2020
    * REVENUE IS EXPECTED TO BE GENERATED IN 2019 AND 2020.
    * THIS ORDER, TOGETHER WITH PREVIOUS TRANSACTIONS IN 2019
WILL
RESULT IN INCREASED RECURRING YEARLY REVENUE OF APPROXIMATELY 4
MILLION SEK FROM 2021 ONWARDS

Source text for Eikon:  ID:nBQN4gRhh0 
Further company coverage:  SDSY.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))