7TH CONSECUTIVE QUARTER OF GROWTH YOY, REVENUES UP 31 % FOR 2022

FOURTH QUARTER 2022

  • Net sales totalled MSEK 17,4 (15,8), a change of MSEK +1,6 / +10 %
  • EBITDA was MSEK 0,1 (-7,9), a change of MSEK +7,8
  • EBIT was MSEK -2,3 (-10,1), a change of MSEK +7,8
  • Net earnings were MSEK -2,6 (-10,3), a change of MSEK +7,7
  • Net earnings per share amounted to SEK -0,06 (-0,27)

 Adjusted *

  • EBITDA was MSEK 0,1 (-1,2), a change of MSEK +1,3
  • EBIT was MSEK -2,3 (-3,4), a change of MSEK +1,1
  • Net earnings were MSEK -2,6 (-3,6), a change of MSEK +1,0
  • Net earnings per share amounted to SEK -0,06 (-0,09)

JANUARY – DECEMBER 2022

  • Net sales totalled MSEK 70,4 (53,7), a change of MSEK +16,7 / +31 %
  • EBITDA was MSEK 0,6 (-11,5), a change of MSEK +10,9
  • EBIT was MSEK -8,1 (-18,6), a change of MSEK +10,5
  • Net earnings was MSEK -8,8 (-19,1), a change of MSEK +10,3
  • Net earnings per share amounted to SEK -0,22 (-0,54)

 Adjusted *

  • EBITDA was MSEK 0,6 (-4,8), a change of MSEK +5,4
  • EBIT was MSEK -8,1 (-11,9), a change of MSEK +3,8
  • Net earnings was MSEK -8,8 (-12,4), a change of MSEK +3,6
  • Net earnings per share amounted to SEK -0,22 (-0,35)
Oct-Dec 2022 Oct-Dec 2021 Jan-Dec 2022 Jan-Dec 2021
Net sales, kSEK 17 358 15 799 70 416 53 706
EBITDA, kSEK 91 -7 898 621 -11 450
Adjusted EBITDA, kSEK *   – -1 236 – -4 787
EBIT, kSEK -2 330 -10 101 -8 140 -18 557
Adjusted EBIT, kSEK *   – -3 438 – -11 895
Net earnings, kSEK -2 562 -10 260 -8 768 -19 057
Adjusted net earnings, kSEK *   – -3 598 – -12 395
Net earnings per share, SEK -0,06 -0,27 -0,22 -0,54
Adjusted net earnings per share, SEK *   – -0,09 – -0,35

* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 0 (6 662) during the fourth quarter of 2022. For more information, refer to note Items affecting comparability in the year-end report.

EVENTS DURING THE QUARTER

  • Westpay releases the next-generation payment terminal, a wireless so-called pin-on-glass device.
  • Additional order from Absa Bank in South Africa, value MSEK 4,7.

EVENTS AFTER THE END OF THE QUARTER

  • Westpay boosts financial capability through strategic partnership with XAC Automation Corp.
  • Westpay has resolved, subject to the approval of the general meeting, to carry out a directed share issue of 5 319 148 shares at a subscription price of SEK 1.41.

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