With tailwind into 2022

FOURTH QUARTER 2021

  • Net sales totalled MSEK 15.8 (13.9), a change of MSEK +1.9 / +13 %
  • EBITDA was MSEK -7.9 (0.3), a change of MSEK -8.2
  • EBIT was MSEK -10.1 (-1.5), a change of MSEK -8.6
  • Net earnings were MSEK -10.3 (-6.3), a change of MSEK -4.0
  • Net earnings per share amounted to SEK -0.27 (-0.19)

Adjusted *

  • EBITDA was MSEK -1.2 (0.3), a change of MSEK -1.5
  • EBIT was MSEK -3.4 (-1.5), a change of MSEK -1.9
  • Net earnings per share amounted to SEK -0.09 (-0.19)
  • Net earnings were MSEK -3.6 (-6.3), a change of MSEK +2.7

JANUARY – DECEMBER 2021

  • Net sales totalled MSEK 53.7 (52.8), a change of MSEK +0.9 / 2 %
  • EBITDA was MSEK -11.5 (-4.9), a change of MSEK -6.5
  • EBIT was MSEK -18.6 (-11.7), a change of MSEK -6.8
  • Net earnings was MSEK -19.1 (-13.9), a change of MSEK -5.2
  • Net earnings per share amounted to SEK -0.54 (-0.41)

Adjusted *

  • EBITDA was MSEK -4.8 (-4.9), a change of MSEK +0.1
  • EBIT was MSEK -11.9 (-11.7), a change of MSEK -0.2
  • Net earnings was MSEK -12.4 (-13.9), a change of MSEK +1.5
  • Net earnings per share amounted to SEK -0.35 (-0.41)
Oct-Dec 2021 Oct-Dec 2020 Jan-Dec 2021 Jan-Dec 2020
Net sales, kSEK 15 799 13 948 53 706 52 809
EBITDA, kSEK -7 898 302 -11 450 -4 936
Adjusted EBITDA, kSEK *   -1 236 302 -4 787 -4 936
EBIT, kSEK -10 101 -1 499 -18 557 -11 712
Adjusted EBIT, kSEK *   -3 438 -1 499 -11 895 -11 712
Net earnings, kSEK -10 260 -6 303 -19 057 -13 853
Adjusted net earnings, kSEK *   -3 598 -6 303 -12 395 -13 853
Net earnings per share, SEK -0,27 -0,19 -0,54 -0,41
Adjusted net earnings per share, SEK *   -0,09 -0,19 -0,35 -0,41

* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 6 662 (0) during the fourth quarter of 2021. For more information, refer to note Items affecting comparability in the year-end report.

EVENTS DURING THE QUARTER

  • Decision taken at Extra General Meeting regarding the convertible loan.
  • Westpay sign agreements with BRP, Paytrim and Kicks.
  • Westpay successfully launch projects with Trivec, EasyCashier and Klarna.
  • High order bookings in December, amounting to 40 MSEK.
  • Westpay write down inventory value.

EVENTS AFTER THE END OF THE QUARTER

  • Westpay sign agreement with Extenda Retail.

 

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

Download Press Release

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