Closing a challenging 2018 with strengthened focus on the growth strategy
Fourth Quarter 2018
- Net sales totalled SEK 11.6 million (26.2), a decrease of 56 %
- EBITDA was SEK -7.5 million (0.9), a reduction of SEK 8.4 million / - 979 %
- Operating profit was SEK -9.3 million (-0.5), a decrease of SEK 8.8 million / - 1940 %
- Profit after tax was SEK -8.2 million (-0.9), a decrease of SEK 7.3 million / - 791 %
- Net earnings per share amounted to SEK -0.37 (-0.04)
January - December 2018
- Net sales totalled SEK 67.7 million (93.2), a decrease of 27 %
- EBITDA was SEK -9.6 million (10.6), a reduction of SEK 20.3 million / - 191 %
- Operating profit was SEK -15.4 million (6.3), a decrease of SEK 21.8 million / - 343 %
- Profit after tax was SEK -13.6 million (4.4), a decrease of SEK 18.0 million / - 407 %
- Net earnings per share amounted to SEK -0.60 (0.20)
| Oct-Dec | Oct-Dec | Jan-Dec | Jan-Dec | |
| 2018 | 2017 | 2018 | 2017 | |
| Net sales, kSEK | 11 613 | 26 173 | 67 716 | 93 172 |
| EBITDA, kSEK | -7 515 | 855 | -9 643 | 10 640 |
| Operating profit/loss, kSEK | -9 280 | -455 | -15 426 | 6 336 |
| Profit/loss after tax, kSEK | -8 220 | -922 | -13 557 | 4 421 |
| Net earnings per share, kSEK | -0,37 | -0,04 | -0,60 | 0,20 |
Significant events during the quarter
- Westpay launches CARBON – First to market with a complete range of Android based payment terminals
- Order from MAX Burgers, value MSEK 2
- New certification completed in South Africa
- New certification according to the highest PCI security standard, strengthens position within the payment industry
- Additional orders for card payment terminals in Sweden, value MSEK 1,5
Significant events after the end of the quarter
- Wirecard and Westpay start partnership to expand digital payments across the Nordics, further Europe and South Africa
- Order from Wirecard, value MSEK 2,5
- The Board of Directors does not intend to submit proposals for dividend.
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, 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 15 February 2019 at 08:40 CET through the agency of the contact person set out above.
Attachments
