WESTPAY MAINTAINS ITS REVENUE GROWTH TREND AND PARTNERS CONTINUE TO RESPOND IN A POSITIVE WAY
THIRD QUARTER 2019
- Net sales totalled MSEK 15.5 (11.7), an increase of MSEK 3.8 / 32 %
- EBITDA was MSEK -3.1 (-5.4), an improvement with MSEK 2.2
- Operating profit/loss was MSEK -4.9 (-6.7), an improvement with MSEK 1.8
- Profit/loss after tax was MSEK -4.2 (-5.6), an improvement with MSEK 1.3
- Net earnings per share amounted to SEK -0.19 (-0.25)
JANUARY – SEPTEMBER 2019
- Net sales totalled MSEK 43.8 (56.0), a decrease with MSEK 12.2 / -22 %
- EBITDA was MSEK -11.4 (-2.1), a decrease with MSEK 9.3
- Operating profit/loss was MSEK -16.1 (-6.1), a decrease with MSEK 9.9
- Profit/loss after tax was MSEK -13.3 (-5.3), a decrease with MSEK 8.0
- Net earnings per share amounted to SEK -0.59 (-0.24)
| Jul-Sep 2019 | Jul-Sep 2018 | Jan-Sep 2019 | Jan-Sep 2018 | Jan-Dec 2018 | ||
| Net sales, kSEK | 15 529 | 11 722 | 43 818 | 55 965 | 67 461 | |
| EBITDA, kSEK | -3 137 | -5 362 | -11 386 | -2 127 | -9 643 | |
| Operating profit/loss, kSEK | -4 876 | -6 708 | -16 096 | -6 145 | -15 426 | |
| Profit/loss for the period, kSEK | -4 242 | -5 581 | -13 290 | -5 337 | -13 557 | |
| Result per share, SEK | -0,19 | -0,25 | -0,59 | -0,24 | -0,60 |
SIGNIFICANT EVENTS DURING THE QUARTER
- New long-term agreement with Open, minimum value of SEK 20 millions over the first three year period
- New long-term agreement with Max Burgers
- Loomis and Westpay sign agreement for payment solutions
- Westpay carries out a rights issue of SEK 33.8 million
- Order from MAX Burgers, value MSEK 4
- Westpay's rights issue fully subscribed
- Hans Edin join Westpay as Chief Marketing Officer
SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER
- Volume orders for next generation payment solution, based on Android, value 4 MSEK
For full report, please see attached file or https://westpay.se/investor-relations/financial-reports/
For additional information, please contact:
Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se
Hans Edin, CMO Westpay AB
Mobile: +46 70-688 02 05
Email: hans.edin@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 25 October 2019 at 08:40 CET through the agency of the contact person set out above.
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