INTERIM FINANCIAL REPORT JULY - SEPTEMBER 2020

POSITIVE EBITDA CONFIRMS BUSINESS EFFORTS THIRD QUARTER 2020 Net sales totalled MSEK 14.2 (15.5), a decrease with MSEK 1.3 / 9 %EBITDA was MSEK 0.6 (-3.1), an increase with MSEK 3.7Operating profit/loss was MSEK -0.9 (-4.9), an increase with MSEK 4.0Profit/loss after tax was MSEK 0.4 (-4.2), an increase with MSEK 4.7Earnings per share amounted to SEK 0.01 (-0.19) JANUARY – SEPTEMBER 2020 Net sales totalled MSEK 38.9 (43.8), a decrease with MSEK 5.0 / 11 %EBITDA was MSEK -5...

POSITIVE EBITDA CONFIRMS BUSINESS EFFORTS

THIRD QUARTER 2020

• Net sales totalled MSEK 14.2 (15.5), a decrease with MSEK 1.3 / 9 %
• EBITDA was MSEK 0.6 (-3.1), an increase with MSEK 3.7
• Operating profit/loss was MSEK -0.9 (-4.9), an increase with MSEK 4.0
• Profit/loss after tax was MSEK 0.4 (-4.2), an increase with MSEK 4.7
• Earnings per share amounted to SEK 0.01 (-0.19)

JANUARY – SEPTEMBER 2020

• Net sales totalled MSEK 38.9 (43.8), a decrease with MSEK 5.0 / 11 %
• EBITDA was MSEK -5.2 (-11.4), an increase with MSEK 6.2
• Operating profit/loss was MSEK -10.2 (-16.1), an increase with MSEK 5.9
• Profit/loss after tax was MSEK -7.6 (-13.3), an increase with MSEK 5.7
• Net earnings per share amounted to SEK -0.22 (-0.59)

	Jul-Sep 2020	Jul-Sep 2019	Jan-Sep 2020	Jan-Sep 2019	Jan-Dec 2019
Net sales, kSEK	14 183	15 529	38 861	43 818	58 639
EBITDA, kSEK	600	-3 137	-5 194	-11 386	-20 823
Operating profit/loss, kSEK	-888	-4 876	-10 212	-16 096	-27 336
Profit/loss for the period, kSEK	429	-4 242	-7 550	-13 290	-23 662
Result per share, SEK	0,01	-0,19	-0,22	-0,59	-0,7

SIGNIFICANT EVENTS DURING THE QUARTER

• Axfood is up and running with Westpay's payment solution.
• Positive trend, additional orders from key customers, value 3 MSEK.

SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

• Westpay expands its business model to reach more customers.
• Bedege and Westpay sign agreement and make overall offering stronger, available and scalable.
• Westpay strengthen in Norway and expand their reach in the Nordic market.
• Strategy expansion continues, Westpay sign agreement with more POS Partners.

For more information about significant events: www.westpay.se/investor-relations

For additional information, please contact:

Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: [email protected]

Hans Edin, CCO Westpay AB
Mobile: +46 70-688 02 05
Email: [email protected]

Westpay's Certified Adviser is Erik Penser Bank, phone: +46 8-463 80 00, email: [email protected]

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

Attachment

• Pressrelease_20201022_Interim_report_Westpay_3Q20