Interim financial report for the period January-September 2018

Temporary Delays in a Growing Market

Third Quarter 2018

• Net sales totalled SEK 11.7 million (23.3), a decrease of 50 %
• EBITDA was SEK -5.4 million (2.6), a reduction of SEK 8.0 million / - 304 %
• Operating profit was SEK -6.7 million (1.3), a decrease of SEK 8.0 million / - 601 %
• Profit after tax was SEK -5.6 million (1.0), a decrease of SEK 6.6 million / - 648 %
• Net earnings per share amounted to SEK -0.25 (0.05)

January - September 2018

• Net sales totalled SEK 56.0 million (70.0), a decrease of 16 %
• EBITDA was SEK -2.1 million (9.8), a reduction of SEK 11.9 million / - 122 %
• Operating profit was SEK -6.1 million (6.8), a decrease of SEK 12.9 million / - 190 %
• Profit after tax was SEK -5.3 million (5.3), a decrease of SEK 10.6 million / - 200 %
• Net earnings per share amounted to SEK -0.24 (0.24)

Significant events during the quarter

• New 4 year agreement with Cirralto in Australia, minimum value 30 MSEK
   
• Additional order from OpenSolution in Sweden, value MSEK 1,5
   
• Change of stock ticker symbol to WPAY

Significant events after the end of the quarter

• Order from MAX Burgers, value MSEK 2

• Westpay launches CARBON – First to market with a complete range of Android based payment terminals
   

For additional information, please contact:

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

Westpay’s Certified Adviser is Erik Penser Bank, +46 8-463 80 00.

This press release contains such information that Westpay AB is required to publish in accordance with the EU Market Abuse Regulation. The information was published for public disclosure on 16 November 2018 at 08:40 CET through the agency of the contact person set out above. 

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