Westpay

THIRD QUARTER 2023

• Net sales totalled MSEK 12,4 (19,0), a change of MSEK -6,6 / -35 %
• EBITDA was MSEK -3,0 (0,3), a change of MSEK -3,3
• EBIT was MSEK -5,8 (-1,9), a change of MSEK -3,9
• Net earnings were MSEK -6,5 (-2,0), a change of MSEK -4,5
• Net earnings per share amounted to SEK -0,12 (-0,05)

Adjusted *

• EBITDA was MSEK -0,4 (0,3), a change of MSEK -0,7
• EBIT was MSEK -3,1 (-1,9), a change of MSEK -1,2
• Net earnings were MSEK -3,9 (-2,0), a change of MSEK -1,9
• Net earnings per share amounted to SEK -0,07 (-0,05)

 
JANUARY – SEPTEMBER 2023

• Net sales totalled MSEK 42,6 (53,1), a change of MSEK -10,5 / -20 %
• EBITDA was MSEK -10,2 (0,5), a change of MSEK -10,7
• EBIT was MSEK -18,0 (-5,8), a change of MSEK -12,2
• Net earnings were MSEK -18,9 (-6,2), a change of MSEK -12,7
• Net earnings per share amounted to SEK -0,41 (-0,16)

Adjusted *

• EBITDA was MSEK -7,5 (0,5), a change of MSEK -8,0
• EBIT was MSEK -15,4 (-5,8), a change of MSEK -9,6
• Net earnings were MSEK -16,2 (-6,2), a change of MSEK -10,0
• Net earnings per share amounted to SEK -0,35 (-0,16)

* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 2 642 (0) during the third quarter of 2023. For more information, refer to the interim report.

 EVENTS DURING THE QUARTER

• Westpay implemented a cost savings program to drive positive financial results.
• Westpay has resolved on issues of shares amounting to approximately MSEK 8.5.
• PayEx, one of the leading card acquirers in the Nordics under the brand Swedbank Pay, and Westpay signed a 3-year agreement, where Westpay receives transaction revenues for providing merchant payment services.

 
EVENTS AFTER THE END OF THE QUARTER

• Nordia Payment Service AS, a leading Norwegian point of sales (POS) provider, has selected Westpay as strategic payment solutions partner. The contract value of the 4-year agreement exceeds MSEK 50.
• Westpay has negotiated and reached an agreement with a customer for settling of the total accrued overdue balance, resulting in a confirmed receivable loss of MSEK 2.6 in Q3 2023.

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