Interim financial report April-June 2022
FIFTH CONSECUTIVE QUARTER OF GROWTH, REVENUES UP 48 %
SECOND QUARTER 2022
o Net sales totalled MSEK 17.2 (11.6), a change of MSEK +5.6 / +48 %
o EBITDA was MSEK 0.2 (-2.2), a change of MSEK +2.4
o EBIT was MSEK -2.0 (-3.8), a change of MSEK +1.9
o Net earnings were MSEK -2.1 (-4.0), a change of MSEK +1.9
o Net earnings per share amounted to SEK -0.05 (-0.12)
JANUARY – JUNE 2022
o Net sales totalled MSEK 34.1 (23.1), a change of MSEK +10.9 / +47 %
o EBITDA was MSEK 0.3 (-3.7), a change of MSEK +3.9
o Operating profit/loss was MSEK -3.9 (-6.8), a change of MSEK +2.9
o Profit/loss after tax was MSEK -4.2 (-7.0), a change of MSEK +2.9
o Net earnings per share amounted to SEK -0.11 (-0.21)
| Apr-Jun 2022 | Apr-Jun 2021 | Jan-Jun 2022 | Jan-Jun 2021 | Jan-Dec 2021 | ||
| Net sales, kSEK | 17 224 | 11 617 | 34 053 | 23 132 | 53 706 | |
| EBITDA, kSEK | 177 | -2 238 | 262 | -3 686 | -11 450 | |
| Adjusted EBITDA, kSEK * | – | – | – | – | -4 787 | |
| EBIT, kSEK | -1 957 | -3 835 | -3 883 | -6 821 | -18 557 | |
| Adjusted EBIT, kSEK * | – | – | – | – | -11 895 | |
| Net earnings, kSEK | -2 085 | -3 957 | -4 177 | -7 048 | -19 057 | |
| Adjusted net earnings, kSEK * | – | – | – | – | -12 395 | |
| Net earnings per share, SEK | -0,05 | -0,12 | -0,11 | -0,21 | -0,54 | |
| Adjusted net earnings per share, SEK * | – | – | – | – | -0,35 |
* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. The adjustments amount to kSEK 6 662 in the fourth quarter of 2021. For more information, refer to the interim report.
EVENTS DURING THE QUARTER
· Successful launch of Vipps payment services in Norway.
· Westpay partners with ACI Worldwide for a complete Integrated Commerce offering.
· New order bookings amounting to MSEK 18.
· Westpay’s CFO Lars Levin leaves the company in August.
EVENTS AFTER THE END OF THE QUARTER
· Decision made to extend convertible loan of MSEK 5 to October 2024.
· Westpay appoints Pernilla Ullsten as new CFO in August.
For more information about news and events: https://investor.westpay.se/financial-reports/