Interim financial report January-September 2019

Interim financial report January-September 2019
25 October, 2019 Hans Edin
Hans Edin
In News, Press release

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As always, Q3 delivered a lot of work, opportunities as well as challenges. In this context, I want to highlight the fact that the overall numbers tell us that we continue to stay on the right track. We can now, in a humble way, refer to our direction as a trend. Historically, we know Q3 is the weakest quarter of the year. But habit is meant to be broken. So, thanks to a fantastic commitment from the entire company, we managed to do it the other way around. Sales during Q3 was higher than Q2 but also significantly higher than Q3 last year. The gross margin shows a friendly direction as it continues to climb. In fact, it is now at the highest level ever. Another KPI I like to point out is the fact that the recurring revenue continues to grow. These numbers combined, show us the right response from the challenges we
addressed the past year.

Sten Karlsson, CEO at Westpay

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