IMPROVED RESULTS AFTER FULL EFFECT FROM THE COST SAVINGS INITIATIVE, WITH REMAINING UNPREDICTABLE MARKET CONDITIONS

FIRST QUARTER 2024

  • Net sales totalled MSEK 15,4 (16,7), a change of MSEK -1,3 / -8 %
  • EBITDA was MSEK 1,7 (-2,8), a change of MSEK +4,5
  • EBIT was MSEK -1,3 (-5,3), a change of MSEK +4
  • Net earnings were MSEK -2,1 (-5,5), a change of MSEK +3,4
  • Net earnings per share amounted to SEK -0,03 (-0,13), a change of SEK +0,10
Jan-Mars 2024 Jan-Mars 2023 Jan-Dec 2023
Net sales, kSEK 15 363 16 691 61 112
EBITDA, kSEK 1 759 -2 820 -8 851
Adjusted EBITDA, kSEK *  – – -6 210
EBIT, kSEK -1 346 -5 299 -19 710
Adjusted EBIT, kSEK *  – – -17 068
Net earnings, kSEK -2 124 -5 520 -27 594
Adjusted net earnings, kSEK *  – – -18 319
Net earnings per share, SEK -0,03 -0,13 -0,56
Adjusted net earnings per share, kSEK * -0,37

* 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) and kSEK 6 634 (0) during the third and fourth quarters of 2023, respectively. For more information, refer to note Items affecting comparability on page 6.

EVENTS DURING THE QUARTER

  • An extra general meeting on January 15 approved the board of directors’ resolution on December 12, 2023, on a new issue of shares of SEK 4 million and a reduction of the share capital from SEK 14.4 million to SEK 2.1 million.
  • Westpay published annual report for 2023 February 16.

EVENTS AFTER THE END OF THE QUARTER

  • Westpay has signed an agreement with Direktbutikerna Scandinavia AB (“Direkten”).
  • Westpay has signed an agreement with Next systems AS, a new Norwegian POS Partner.
  • The Swedish companies registration office approved the resolution on reduction of the share capital.

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

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For additional information, please contact:

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