Continued Profitable Growth And Momentum In the SaaS Transformation
The first quarter 2025
· Net sales totalled MSEK 17,8 (16,1), a change of MSEK +1,7 / +11 %
· EBITDA was MSEK 2,8 (1,7), a change of MSEK +1,1 / 65 %
· EBIT was MSEK 0,3 (-1,3), a change of MSEK +1,6
· Net earnings were MSEK 0,8 (-2,1), a change of MSEK +2,9
· Net earnings per share amounted to SEK 0,01 (-0,03), a change of SEK +0,04
· ARR amounted to MSEK 46,5 (39,4), a change of MSEK +7,1
· RCRR** amounted to MSEK 162 (150), a change of MSEK +12
· Recurring revenues made up 65% (61) of net sales
Adjusted *
· EBIT was MSEK -1,1 (-1,3), a change of MSEK +0,2
· Net earnings were MSEK -0,6 (-2,1), a change of MSEK +1,5
· Net earnings per share amounted to SEK -0,01 (-0,03), a change of SEK +0,02
* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company's figures. For more information, refer to note Items affecting comparability on page 9.
Key figures
| kSEK unless otherwise stated | Jan-Mar 2025 | Jan-Mar 2024 | Jan-Dec 2024 |
| Net sales, kSEK | 17 792 | 16 070 | 67 609 |
| EBITDA, kSEK | 2 795 | 1 759 | 5 864 |
| Adjusted EBITDA, kSEK * | 2 795 | 1 759 | 7 356 |
| EBIT, k SEK | 289 | -1 346 | -3 570 |
| Adjusted EBIT, kSEK * | -1 087 | -1 346 | -6 341 |
| Net earnings, kSEK | 777 | -2 124 | -6 160 |
| Adjusted net earnings, kSEK * | -600 | -2 124 | -8 931 |
| Net earnings per share, SEK | 0,01 | -0,03 | -0,08 |
| Adjusted net earnings per share, kSEK * | -0,01 | -0,03 | -0,12 |
Events during the quarter
· The Annual Report for 2024 was published on February 20
· The Annual General Meeting was held on March 25
· Westpay expanded the existing partnership with Paytrim, an acquiring bank, which opens up for more transactional revenues going forward
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.
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
