INTERIM FINANCIAL REPORT JANUARY - JUNE 2020

Press Release (First North: WPAY)     For immediate release 14 thAugust 2020INTERIM FINANCIAL REPORT JANUARY - JUNE 2020ADAPTING OUR BUSINESS FOR A NEW REALITY IN A PANDEMIC PRESENT. SECOND QUARTER 2020Net sales totalled MSEK 10.2 (15.2), a decrease with MSEK 4.9 / -32 %EBITDA was MSEK -1.6 (-4.8), an increase with MSEK 3.2Operating profit/loss was MSEK -3.1 (-6.3), an increase with MSEK 3.2Profit/loss after tax was MSEK -3.0 (-5.2), an increase with MSEK 2.2Earnings...

Press Release (First North: WPAY)     

For immediate release 14^th August 2020

INTERIM FINANCIAL REPORT JANUARY - JUNE 2020

ADAPTING OUR BUSINESS FOR A NEW REALITY IN A PANDEMIC PRESENT.

SECOND QUARTER 2020

• Net sales totalled MSEK 10.2 (15.2), a decrease with MSEK 4.9 / -32 %
• EBITDA was MSEK -1.6 (-4.8), an increase with MSEK 3.2
• Operating profit/loss was MSEK -3.1 (-6.3), an increase with MSEK 3.2
• Profit/loss after tax was MSEK -3.0 (-5.2), an increase with MSEK 2.2
• Earnings per share amounted to SEK -0.09 (-0.24)

JANUARY – JUNE 2020

• Net sales totalled MSEK 24.7 (28.3), a decrease with MSEK 3.6 / -13 %
• EBITDA was MSEK -5.8 (-8.2), an increase with MSEK 2.4
• Operating profit/loss was MSEK -9.3 (-11.2), an increase with MSEK 1.9
• Profit/loss after tax was MSEK -8.0 (-9.1), an increase with MSEK 1.1
• Net earnings per share amounted to SEK -0.24 (-0.40)

	Apr-Jun 2020	Apr-Jun 2019	Jan-Jun 2020	Jan-Jun 2019	Jan-Dec 2019
Net sales, kSEK	10 245	15 150	24 678	28 289	58 639
EBITDA, kSEK	-1 557	-4 760	-5 827	-8 246	-20 823
Operating profit/loss, kSEK	-3 093	-6 323	-9 325	-11 220	-27 336
Profit/loss for the period, kSEK	-3 033	-5 241	-7 979	-9 048	-23 662
Result per share, SEK	-0,09	-0,23	-0,24	-0,40	-0,70

 

SIGNIFICANT EVENTS DURING THE QUARTER

• Short-time 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
• Spring 2020 Product launch challenge the Fintech industry and take the payment user experience to new levels

NO SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

 

 

 

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

Attachments

• Press release_20200814_Interim_report_Westpay_2Q20
• Interim report Westpay AB April - June 2020