Interim Financial Report January – March 2020

Interim Financial Report January – March 2020
5 May, 2020 Hans Edin
Hans Edin
In News, Press release

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Focus on Financial Endurance.

Significant Events During hhe Quarter

  • Axfood choses Westpay as provider of payment solutions
  • Order from Max Burgers, value MSEK 3
  • Peter Eklund strengthens Westpay Sales as Head of Retail
  • Westpay enters partnership with Sverigekassan

    SIGNIFICANT EVENTS AFTER THE END OF THE QUARTER

  • Short term 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

FIRST QUARTER 2020

  • Net sales totalled MSEK 14.4 (13.1), an increase of MSEK 1.3 / 10 %
  • EBITDA was MSEK -4.3 (-3.5), a deterioration with MSEK 0.8
  • Operating profit/loss was MSEK -6.2 (-4.9), a deterioration with MSEK 1.3
  • Profit/loss after tax was MSEK -4.9 (-3.8), a deterioration with MSEK 1.1
  • Earnings per share amounted to SEK -0.15 (-0.17)

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