Continued growth with high gross margin
First Quarter 2018
- Operating income totalled SEK 21.2 million (18.1), an increase of 17 %
- EBITDA was SEK 2.5 million (3.2), a reduction of SEK 0.7 million / - 22 %
- Operating profit was SEK 1.2 million (2.5), a decrease of SEK 1.3 million / - 52 %
- Profit after tax was SEK 0.9 million (2.0), a decrease of SEK 1.1 million / - 55%
- Net earnings per share amounted to SEK 0.04 (0.09)
| Jan-Mar | Jan-Mar | Jan-Dec | |
| 2018 | 2017 | 2017 | |
| Operating income, kSEK | 21,216 | 18,110 | 93,172 |
| EBITDA, kSEK | 2,537 | 3,193 | 10,640 |
| Operating profit/loss, kSEK | 1 ,208 | 2,524 | 6,336 |
| Profit/loss after tax, kSEK | 0,941 | 1 ,965 | 4,421 |
| Net earnings per share, kSEK | 0.04 | 0.09 | 0.20 |
Significant events during the quarter
• New volume order for payment terminals, with an order value of SEK 2 million
• Strategic investment in a payment solution for the expanding e-commerce market
• Expanded business focus in Australia
• New volume order for payment terminals, with an order value of SEK 2 million
Significant events after the end of the quarter
• Continued deliveries to ABSA Bank, with an order value of SEK 4 million
• Additional self-service kiosks to MAX Burgers, with an order value over SEK 3 million
• Write-down of doubtful accounts receivables leads to a lower profit for 2017
• Launch of the Westpay brand
• Westpay has decided to start communicating with the market in English as the sole language
For further information, please contact:
Sten Karlsson, vd West International AB
Mobil: 070-555 6065
E-post: sten.karlsson@westpay.se
The company's Certified Adviser is Erik Penser Bank, telephone: +46 8 463 80 00.
The content herein is information which West International AB is required to disclose under the EU Market Abuse Regulation. The information was submitted, through the above contact, for disclosure on 17 May 2018 at 09:10 CET.
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