Interim financial report January-March 2024
IMPROVED RESULTS AFTER FULL EFFECT FROM THE COST SAVINGS INITIATIVE, WITH REMAINING UNPREDICTABLE MARKET CONDITIONS
FIRST QUARTER 2024
· Net sales totalled MSEK 15,4 (16,7), a change of MSEK -1,3 / -8 %
· EBITDA was MSEK 1,7 (-2,8), a change of MSEK +4,5
· EBIT was MSEK -1,3 (-5,3), a change of MSEK +4
· Net earnings were MSEK -2,1 (-5,5), a change of MSEK +3,4
· Net earnings per share amounted to SEK -0,03 (-0,13), a change of SEK +0,10
| Jan-Mars 2024 | Jan-Mars 2023 | Jan-Dec 2023 | ||
| Net sales, kSEK | 15 363 | 16 691 | 61 112 | |
| EBITDA, kSEK | 1 759 | -2 820 | -8 851 | |
| Adjusted EBITDA, kSEK * | - | - | -6 210 | |
| EBIT, k SEK | -1 346 | -5 299 | -19 710 | |
| Adjusted EBIT, kSEK * | - | - | -17 068 | |
| Net earnings, kSEK | -2 124 | -5 520 | -27 594 | |
| Adjusted net earnings, kSEK * | - | - | -18 319 | |
| Net earnings per share, SEK | -0,03 | -0,13 | -0,56 | |
| Adjusted net earnings per share, kSEK * | - | - | -0,37 |
* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 2 642 (0) and kSEK 6 634 (0) during the third and fourth quarters of 2023, respectively. For more information, refer to note Items affecting comparability on page 6.
EVENTS DURING THE QUARTER
· The general meeting on January 15th approved the board of directors’ resolution on December 12, 2023, on a new issue of shares of SEK 4 million and a reduction of the share capital from SEK 14.4 million to SEK 2.1 million.
· The 16th of February Westpay published annual report for 2023.
EVENTS AFTER THE END OF THE QUARTER
· Westpay has signed an agreement with Direktbutikerna Scandinavia AB (“Direkten”)
· Westpay has signed an agreement with Next systems AS, a new Norwegian POS Partner.
· The Swedish Companies Registration Office approved the resolution on reduction of the share capital.
For more information about news and events: https://investor.westpay.se/financial-reports/