ZETA(ZETA) Globenewswire·2025-05-30 06:00Core Insights - ZetaDisplay experienced significant growth in Q1 2025, with adjusted net sales increasing by 26.8% to SEK 159.6 million, driven by strategic acquisitions and 7% organic growth from global accounts [3][8] - The company was recognized as "Outstanding Company of the Year" at the 2025 Digital Signage Awards, highlighting its commitment to innovation and customer engagement [4] - A successful bond refinancing was completed, reflecting strong confidence from financial partners, alongside a new five-year contract with Ruter to modernize digital signage across 370 transit locations [5][8] Financial Performance - Adjusted recurring revenue rose by 9.9% to SEK 65.4 million, accounting for 41.0% of net sales [3][8] - Adjusted EBITDA increased to SEK 22.0 million, showcasing efficient scaling and cost control [3][8] - Gross margin decreased to 56.4%, down from 59.9%, indicating potential cost pressures [8] Strategic Developments - The transformation of operations in Germany is progressing, with a focus on adopting ZetaDisplay's Full-Service-Provider business model [6][8] - A new Managing Director has been appointed in the UK to enhance the Engage Suite platform and attract new customers [6] - The integration of Beyond Digital Solutions in the UK is expected to enhance the company's capability to deliver comprehensive services [8] Market Outlook - The company is optimistic about growth in areas such as hardware, analytics, AI, and retail media, positioning itself well for organic growth [7][8] - The focus remains on driving long-term value through innovation and operational excellence while maintaining cost management [8]