Time for the annual report: are we making any money?
In the latest annual report for ZetaDisplay, CEO Leif Liljebrunn reports that during the most recent 5-year period ZetaDisplay has more than doubled its turnover.
"We are seeing continued strong growth in the market. Digital communication is now a natural aspect of the new retail concept that the sector is developing for the future. The goal is growth, and during 2013 the company achieved a turnover of MSEK 60.9 (52.8), an increase of 17%," writes Leif Liljebrunn in the CEO's comments.
"The gross margin was lower than in the previous year, ending up at 52.5% versus 55.2%. The main reason for this was that the digital systems share was relatively high in the first quarter. During the year we have chosen to invest in new markets in the Baltic and Benelux, and we have also dedicated new sales resources to international clients in Europe. This has loaded the profits by about MSEK 2 and to some extent the margin too, as we have been aggressive in finding key clients in new markets."