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2021-10-28

INTERIM FINANCIAL REPORT JULY-SEPTEMBER 2021

SEVERAL STEPS IN THE RIGHT DIRECTION

THIRD QUARTER 2021

  • Net sales totalled MSEK 14.8 (14.2), a change of MSEK +0.6 / +4 %
  • EBITDA was MSEK 0.1 (0.6), a change of MSEK -0.5 (1)
  • Operating profit/loss was MSEK -1.6 (-0.9), a change of MSEK -0.7 (1)
  • Profit/loss after tax was MSEK -1.7 (0.4), a change of MSEK -2.2 (1)
  • Earnings per share amounted to SEK -0.05 (0.01) (1)

(1) Last year’s comparative figures include grants for short-time allowance of MSEK 1.1

JANUARY – SEPTEMBER 2021

  • Net sales totalled MSEK 37.9 (38.9), a change of MSEK -1.0 / -2 %
  • EBITDA was MSEK -3.6 (-5.2), a change of MSEK +1.7 (2)
  • Operating profit/loss was MSEK -8.5 (-10.2), a change of MSEK +1.8 (2)
  • Profit/loss after tax was MSEK -8.8 (-7.6), a change of MSEK -1.2 (2)
  • Net earnings per share amounted to SEK -0.26 (-0.22) (2)

(2) Current year’s result include grant for short-time allowance quarter 1 and 2 of MSEK 2.5
      Last year’s result include grant for short-time allowance quarter 2 and 3 of MSEK 3.0

  Jul-Sep 2021Jul-Sep 2020Jan-Sep 2021Jan-Sep 2020Jan-Dec 2020
Net sales, kSEK 14 77414 18337 90738 86152 809
EBITDA, kSEK 135600-3 551-5 237-4 936
Operating profit/loss, kSEK -1 635-888-8 456-10 212-11 712
Profit/loss for the period, kSEK -1 749429-8 797-7 550-13 853
Result per share, SEK -0,050,01-0,26-0,22-0,41

EVENTS DURING THE QUARTER

  • As of July 1, 2021, Westpay is no longer applying for short-time work allowance
  • Strategy expansion continues, Klarna and Westpay collaborate on payment solutions.
  • Westpay signs agreement with three new POS Partners in Norway and a new POS Partner in Sweden.
  • Westpay AB carries out a directed new issue of shares of approximately SEK 15.5 MSEK and also decides on a convertible loan of 7.5 MSEK.

EVENTS AFTER THE END OF THE QUARTER

  • Decision taken at Extra General Meeting regarding the convertible loan
  • Westpay sign agreement with BRP
  • Westpay and Trivec have successfully established their first joint customer

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

For additional information, please contact:

Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se

Lars Levin, CFO Westpay AB
Mobile: +46 70-896 64 04
Email: lars.levin@westpay.se

Certified Adviser is Redeye AB,
Phone: +46 8 121 576 90, email: certifiedadviser@redeye.se

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.
For more information: www.westpay.se

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