Year-End Report 2021
WITH TAILWIND INTO 2022
FOURTH QUARTER 2021
o Net sales totalled MSEK 15.8 (13.9), a change of MSEK +1.9 / +13 %
o EBITDA was MSEK -7.9 (0.3), a change of MSEK -8.2
o EBIT was MSEK -10.1 (-1.5), a change of MSEK -8.6
o Net earnings were MSEK -10.3 (-6.3), a change of MSEK -4.0
o Net earnings per share amounted to SEK -0.27 (-0.19)
Adjusted *
o EBITDA was MSEK -1.2 (0.3), a change of MSEK -1.5
o EBIT was MSEK -3.4 (-1.5), a change of MSEK -1.9
o Net earnings per share amounted to SEK -0.09 (-0.19)
o Net earnings were MSEK -3.6 (-6.3), a change of MSEK +2.7
JANUARY – DECEMBER 2021
o Net sales totalled MSEK 53.7 (52.8), a change of MSEK +0.9 / 2 %
o EBITDA was MSEK -11.5 (-4.9), a change of MSEK -6.5
o EBIT was MSEK -18.6 (-11.7), a change of MSEK -6.8
o Net earnings was MSEK -19.1 (-13.9), a change of MSEK -5.2
o Net earnings per share amounted to SEK -0.54 (-0.41)
Adjusted *
o EBITDA was MSEK -4.8 (-4.9), a change of MSEK +0.1
o EBIT was MSEK -11.9 (-11.7), a change of MSEK -0.2
o Net earnings was MSEK -12.4 (-13.9), a change of MSEK +1.5
o Net earnings per share amounted to SEK -0.35 (-0.41)
| Oct-Dec 2021 | Oct-Dec 2020 | Jan-Dec 2021 | Jan-Dec 2020 | |
| Net sales, kSEK | 15 799 | 13 948 | 53 706 | 52 809 |
| EBITDA, kSEK | -7 898 | 302 | -11 450 | -4 936 |
| Adjusted EBITDA, kSEK * | -1 236 | 302 | -4 787 | -4 936 |
| EBIT, kSEK | -10 101 | -1 499 | -18 557 | -11 712 |
| Adjusted EBIT, kSEK * | -3 438 | -1 499 | -11 895 | -11 712 |
| Net earnings, kSEK | -10 260 | -6 303 | -19 057 | -13 853 |
| Adjusted net earnings, kSEK * | -3 598 | -6 303 | -12 395 | -13 853 |
| Net earnings per share, SEK | -0,27 | -0,19 | -0,54 | -0,41 |
| Adjusted net earnings per share, SEK * | -0,09 | -0,19 | -0,35 | -0,41 |
* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 6 662 (0) during the fourth quarter of 2021. For more information, refer to note Items affecting comparability in the year-end report.
EVENTS DURING THE QUARTER
· Decision taken at Extra General Meeting regarding the convertible loan.
· Westpay sign agreements with BRP, Paytrim and Kicks.
· Westpay successfully launch projects with Trivec, EasyCashier and Klarna.
· High order bookings in December, amounting to 40 MSEK.
· Westpay write down inventory value.
EVENTS AFTER THE END OF THE QUARTER
· Westpay sign agreement with Extenda Retail.
For more information about news and events: https://investor.westpay.se/financial-reports/