Interim financial report January-June 2019
Sales uptake continues and new long-term contracts
Second Quarter 2019
- Net sales totalled MSEK 15.2 (23.0), a decrease of MSEK 7.8 / -34 %
- EBITDA was MSEK -4.8 (0.7), a decrease of MSEK 5.5
- Operating profit/loss was MSEK -6.3 (-0.6), a decrease of MSEK 6.9
- Profit/loss after tax was MSEK -5.2 (-0.7), a decrease of MSEK 5.9
- Net earnings per share amounted to SEK -0.23 (-0.03)
January – June 2019
- Net sales totalled MSEK 28.3 (44.2), a decrease of MSEK 15.9 / -36 %
- EBITDA was MSEK -8.2 (3.2), a decrease of MSEK 11.4
- Operating profit/loss was MSEK -11.2 (0.6), a decrease of MSEK 11.8
- Profit/loss after tax was MSEK -9.0 (0.2), a decrease of MSEK 9.2
- Net earnings per share amounted to SEK -0.40 (0.01)
| Apr-Jun 2019 | Apr-Jun 2018 | Jan-Jun 2019 | Jan-Jun 2018 | Jan-Dec 2018 | ||
| Net sales, kSEK | 15 150 | 23 027 | 28 289 | 44 242 | 67 461 | |
| EBITDA, kSEK | -4 762 | 698 | -8 249 | 3 235 | -9 643 | |
| Operating profit/loss, kSEK | -6 325 | -646 | -11 220 | 562 | -15 426 | |
| Profit/loss for the period, kSEK | -5 241 | -697 | -9 048 | 244 | -13 557 | |
| Result per share, SEK | -0,23 | -0,03 | -0,40 | 0,01 | -0,60 |
Significant events during the quarter
- New Partner agreement and first orders from Rusta
- Micros South Africa signs agreement with Westpay
- Payment solution from Westpay chosen by Operakällaren Arena Team
- Extended credit facility from Danske Bank and EKN
- Additional orders from key customers, value MSEK 5
Significant events after the end of the quarter
- New long-term agreement with Open, minimum value of MSEK 20 over the first three year period
- New long-term agreement with Max Burgers
- Loomis and Westpay sign agreement for payment solutions
For additional information, please contact:
Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
E-mail: sten.karlsson@westpay.se
Westpay’s Certified Adviser is Erik Penser Bank, phone: +46 8-463 80 00, email: certifiedadviser@penser.se
This press release contains such information that Westpay AB is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 16 August 2019 at 08:40 CET through the agency of the contact person set out above.
Attachments
