Strengthened organization and continued high gross margin for future growth
Second Quarter 2018
- Operating income totalled SEK 23.0 million (25.6), a decrease of 10 %
- EBITDA was SEK 0.7 million (4.0), a reduction of SEK 3.2 million / - 82 %
- Operating profit was SEK -0.6 million (2.9), a decrease of SEK 3.5 million / - 122 %
- Profit after tax was SEK -0.7 million (2.4), a decrease of SEK 3.1 million / - 130 %
- Net earnings per share amounted to SEK -0.03 (0.10)
January - June 2018
- Operating income totalled SEK 44.2 million (43.7), an increase of 1 %
- EBITDA was SEK 3.2 million (7.2), a reduction of SEK 4.0 million / - 55 %
- Operating profit was SEK 0.6 million (5.5), a decrease of SEK 4.9 million / - 94 %
- Profit after tax was SEK 0.2 million (4.3), a decrease of SEK 4.1 million / - 90 %
- Net earnings per share amounted to SEK 0.01 (0.19)
| Apr-Jun | Apr-Jun | Jan-Jun | Jan-Jun | Jan-Dec | |
| 2018 | 2017 | 2018 | 2017 | 2017 | |
| Operating income, kSEK | 23 030 | 25 608 | 44 246 | 43 717 | 93 172 |
| EBITDA, kSEK | 698 | 3 961 | 3 235 | 7 154 | 10 640 |
| Operating profit/loss, kSEK | -646 | 2 927 | 562 | 5 450 | 6 336 |
| Profit/loss after tax, kSEK | -697 | 2 359 | 244 | 4 324 | 4 421 |
| Net earnings per share, kSEK | -0,03 | 0,10 | 0,01 | 0,19 | 0,20 |
Significant events during the quarter
- Launch of the Westpay brand
- 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
- Westpay strengthens the Board of directors with Jan Lundblad
- New cooperation agreement signed with Elavon, a leading global card acquirer
- Additional order from ABSA Bank in South Africa for extended services and system functionality, value SEK 1,5 million
Significant events after the end of the quarter
- Change of stock ticker symbol to WPAY
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 31 August 2018 at 08:40 CET through the agency of the contact person set out above.
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