Sweden's Westpay Q1 net sales rise 5%, profit hit by currency

Westpay AB

29/04/2026 06:24

Overview

Sweden payment solutions firm's Q1 net sales rose 5% yr/yr, EBITDA up 30%

Recurring revenues made up 68% of sales, highlighting SaaS model strength

Net earnings fell, mainly due to adverse currency effects

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

RECURRING REVENUE - Co said higher share and scalability of recurring revenues drove growth and profitability

COST DISCIPLINE - Co attributed improved profitability to continued cost discipline

CURRENCY EFFECTS - Co said net earnings were mainly impacted by adverse currency effects from a weaker SEK versus USD

Company press release: ID:nMFN8Z9wZZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 18.70 mln
Q1 EPS
SEK 0
Q1 Net Income
SEK 100,000
Q1 EBIT
SEK 1.20 mln
Q1 EBITDA
SEK 3.60 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)