Year-End Report 2020

POSITIVE ACHIEVEMENTS IN DIFFICULT TIMES

FOURTH QUARTER 2020

• Net sales totalled MSEK 13.9 (14.8), a decrease of MSEK 0.9 / 6 %
• EBITDA was MSEK 0.3 (-9.4), an increase of MSEK 9.7
• Operating profit/loss was MSEK -1.5 (-11.2), an increase of MSEK 9.7
• Profit/loss after tax was MSEK -6.3 (-10.4), an increase of MSEK 4.1
• Earnings per share amounted to SEK -0.19 (-0.31)

JANUARY – DECEMBER 2020

• Net sales totalled MSEK 52.8 (58.6), a decrease of MSEK 5.8 / 10 %
• EBITDA was MSEK -4.9 (-20.8), an increase of MSEK 15.9
• Operating profit/loss was MSEK -11.7 (-27.3), an increase of MSEK 15.6
• Profit/loss after tax was MSEK -13.9 (-23.7), an increase of MSEK 9.8
• Net earnings per share amounted to SEK -0.41 (-0.70)

SIGNIFICANT EVENTS DURING THE QUARTER

• Westpay expands its business model to reach more customers.
• Westpay continue to strengthen its position and reach in the Nordic market.
  • Westpay signs agreement with five new POS Partners in Sweden.
  • Christian Myrland joins Westpay as regional manager Norway.
• Leading home electronic retail chain selects Westpay for new payment solution.
• Axfood places additional orders with Westpay.

SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

• Westpay expands its reach in Norway and sign agreements with two POS Partners.