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Westpay

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Interim financial report January - March 2022

MARKN.

CONTINUED GROWTH, REVENUES UP 46 %

FIRST QUARTER 2022
o   Net sales totalled MSEK 16.8 (11.5), a change of MSEK +5.3 / +46 %
o   EBITDA was MSEK 0.1 (-1.4), a change of MSEK +1.5
o   EBIT was MSEK -1.9 (-3.0), a change of MSEK +1.1
o   Net earnings were MSEK -2.1 (-3.1), a change of MSEK +1.0
o   Net earnings per share amounted to SEK -0.05 (-0.09)


Jan-Mar 2022Jan-Mar 2021Jan-Dec 2021
Net sales, kSEK16 82811 51653 706
EBITDA, kSEK85-1 448-11 450
Adjusted EBITDA, kSEK *––-4 787
EBIT, kSEK-1 925-2 986-18 557
Adjusted EBIT, kSEK *––-11 895
Net earnings, kSEK-2 092-3 091-19 057
Adjusted net earnings, kSEK *––-12 395
Net earnings per share, SEK-0,05-0,09-0,54
Adjusted net earnings per share, SEK *––-0,35

 * Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 6 662 in the fourth quarter of 2021. For more information, refer to the interim report.
 

EVENTS DURING THE QUARTER
·        Westpay signs agreement with Extenda Retail.
·        Westpay signs agreement with Martin & Servera.
 
 
EVENTS AFTER THE END OF THE QUARTER
·        Successful launch of Vipps payment services in Norway.
·        Westpay partners with ACI Worldwide for a complete Integrated Commerce offering.
 

For more information about news and events: https://investor.westpay.se/financial-reports/

For more information, please contact:

Sten Karlsson, CEO Westpay AB
Mobil: +46 70-555 6065
E-post: sten.karlsson@westpay.se
 
Lars Levin, CFO Westpay AB
Mobil: +46 70-896 64 04
E-post: lars.levin@westpay.se

Redeye AB is the company’s Certified Adviser.
They can be reached at certifiedadviser@redeye.se or +46 8 121 576 90.

About Westpay
Westpay is a full-service Fintech- and Payment Solution Provider that offers solutions that simplify payments and amplifies the overall customer experience. If you represent a restaurant, hotel, store, in-store, or e-commerce, and looking for a payment solution that adds value, we can help you all the way. The company is represented globally, headquartered in Stockholm, Sweden and is listed on Nasdaq First North Growth Market.

Learn more at: westpay.se

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