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Year-End Report 2024

Westpay
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STRONG FINANCIAL RECOVERY AND SOLID GROWTH OF RECURRING REVENUES

The fourth quarter 2024

  • Net sales totalled MSEK 20,1 (16,5), a change of MSEK +3,6 / +22 %
  • EBITDA was MSEK 3,2 (1,3), a change of MSEK +1,9
  • EBIT was MSEK 0,7 (-1,7), a change of MSEK +2,4
  • Net earnings were MSEK 0,2 (-8,7), a change of MSEK +8,9
  • Net earnings per share amounted to SEK 0,001 (-0,15), a change of SEK +0,15
  • RCRR** amounted to MSEK 159 (150), a change of MSEK +9,0
  • 58% (59) recurring revenue share

Adjusted *

  • EBITDA was MSEK 3,2 (1,3), a change of MSEK +1,9
  • EBIT was MSEK -0,6 (-1,7), a change of MSEK +1,1
  • Net earnings were MSEK -1,0 (2,1), a change of MSEK -3,1
  • Net earnings per share amounted to SEK -0,01 (-0,04), a change of SEK -0,05

The full year 2024

  • Net sales totalled MSEK 67,6 (59,7), a change of MSEK 7,9 / 13%
  • EBITDA was MSEK 5,9 (-8,9), a change of MSEK +14,7
  • EBIT was MSEK -3,6 (-19,7), a change of MSEK +16,1
  • Net earnings were MSEK -6,2 (-27,6), a change of MSEK +21,4
  • Net earnings per share amounted to SEK -0,08 (-0,56), a change of SEK +0,48
  • RCRR** amounted to MSEK 159 (150), a change of MSEK +9,0
  • 63% (62) recurring revenue share

Adjusted *

  • EBITDA was MSEK 7,4 (-6,2), a change of MSEK +13,5
  • EBIT was MSEK -6,3 (-17,1), a change of MSEK +10,8
  • Net earnings were MSEK -8,9 (-18,3), a change of MSEK +9,4
  • Net earnings per share amounted to SEK -0,12 (-0,37), a change of SEK +0,25

Key figures

kSEK unless otherwise statedOct-Dec 2024Oct-Dec 2023Jan-Dec 2024Jan-Dec 2023
Net sales, kSEK20 06816 45767 60959 743
EBITDA, kSEK3 1991 3075 864-8 851
Adjusted EBITDA, kSEK *3 1991 3077 356-6 210
EBIT, k SEK669-1 675-3 570-19 709
Adjusted EBIT, kSEK *-603-1 675-6 341-17 067
Net earnings, kSEK242-8 706-6 160-27 594
Adjusted net earnings, kSEK *-1 031-2 073-8 931-18 319
Net earnings per share, SEK0,00-0,15-0,08-0,56
Adjusted net earnings per share, kSEK *-0,01-0,04-0,12-0,37

 
Events during the quarter

  • Westpay continued to expand its reach and footprint on the Nordic Food & Beverage market by partnering with Caspeco, a leading supplier of business systems for the hospitality and experience industries.

 
Events after the end of the quarter

  • The Board of Directors has decided to move the Annual General Meeting forward from May to March. This measure aims to increase transparency and facilitate a faster dialogue regarding results and future plans, thereby strengthening confidence among shareholders, investors, and other stakeholders. An earlier meeting also enables more efficient decision-making processes, which in turn contribute to the company's long-term value creation.

 

For additional information, please contact:
Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se

Redeye AB is the company’s Certified Adviser.

This information is information that Westpay AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-20 07:00 CET.

About Westpay
Westpay is a full-service Fintech- and Payment Solution Provider that offers solutions that simplify payments and amplifies the overall customer experience. If you represent a restaurant, hotel, store, in-store, or e-commerce, and looking for a payment solution that adds value, we can help you all the way. The company is represented globally, headquartered in Stockholm, Sweden and is listed on Nasdaq First North Growth Market.

Learn more at: westpay.se

Attachments

Year End Report 2024

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