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2019-08-27

West International: Redeye: Westpay - A positive growth trend shift

The net sales during Q2 came in almost exactly as our estimate. On a
q/q basis, Westpay showed an increase of 15%; this was the second
quarter in a row with sequential growth. The growth trend shift in is
rather evident and is likely an effect of that the Carbon sales are
picking-up. Westpay continues to sing deals, the latest with the cash
handling giant Loomis, read more about that in this analysis update.
The short-term financial liquidity is now secured through the almost
fully guaranteed rights issue. We trim our projections and valuation
slightly, but we also find that the uncertainty is steadily
decreasing.

Read more and download the latest research update:
http://bit.ly/2ZtEISf

Start following companies at Redeye to recieve the latest research
within Tech and Life Science.

This is a press release from Redeye - Research Powered Investment
Banking. https://www.redeye.se/about/

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https://news.cision.com/se/west-international/r/redeye-westpay--a-positi...

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