INTERIM FINANCIAL REPORT JANUARY - MARCH 2020

FOCUS ON FINANCIAL ENDURANCE

FIRST QUARTER 2020

• Net sales totalled MSEK 14.4 (13.1), an increase of MSEK 1.3 / 10 %
• EBITDA was MSEK -4.3 (-3.5), a deterioration with MSEK 0.8
• Operating profit/loss was MSEK -6.2 (-4.9), a deterioration with MSEK 1.3
• Profit/loss after tax was MSEK -4.9 (-3.8), a deterioration with MSEK 1.1
• Earnings per share amounted to SEK -0.15 (-0.17)

SIGNIFICANT EVENTS DURING THE QUARTER

• Axfood choses Westpay as provider of payment solutions
• Order from Max Burgers, value MSEK 3
• Peter Eklund strengthens Westpay Sales as Head of Retail
• Westpay enters partnership with Sverigekassan

SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

• Short term work allowance implemented from 1 April
• Pontus Bohlin new COO at Westpay
• #tabetalt – Release of mobile payment solution to support restaurants suffering from Corona impact

For additional information, please contact:

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

Hans Edin, CCO Westpay AB
Mobile: +46 70-688 02 05
Email: hans.edin@westpay.se

Westpay’s Certified Adviser is Erik Penser Bank, phone: +46 8-463 80 00, email: certifiedadviser@penser.se

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 5 May 2020 at 08:40 CEST through the agency of the contact person set out above. 

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