Impala Nordic comments on recent updates from Seamless Distribution Systems AB (publ) (“SDS” or the “Company”), where the Company has announced several orders early in 2026 linked to upgrades of its core ERS platform. 

Today’s order of SEK 4 million increases the Company’s “secured” earnings before tax (EBT) for 2026 to SEK 18-20 million. This corresponds to approximately 40 % of SDS’ full-year guidance of SEK 45-55 million. In our view, the secured earnings progress clearly indicates that the 2025 turnaround is beginning to translate into tangible earnings improvements, and SDS appears well positioned for further installed-base upgrades and support contracts as more operators evaluate ERS upgrades.

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For additional information, please contact:

Charlie Dahlström, Equity Research Analyst
charlie@impalanordic.se

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Impala Nordic provides company analysis, 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.

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