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

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