Sweden's Westpay Q2 net sales rises, profitability improves on strong ARR growth, cost cuts

Westpay AB

21/08/2026 06:10

Overview
Sweden payment solutions provider's Q2 net sales rose 11% yr/yr, profitability improved sharply
Recurring revenues made up 69% of net sales, with ARR up 10% yr/yr
Company announced strategic partnerships with Worldline and Sveriges bagare & konditorer

Outlook
Company did not provide specific guidance for future quarters or the full year in press release

Result Drivers
RECURRING REVENUES - Co said growth in recurring revenues and ARR contributed to more predictable and resilient results
COST CONTROL - Co attributed stronger profitability to disciplined cost control and improved operating leverage
STRATEGIC PARTNERSHIPS - Co said new partnerships with Worldline and SBK are expected to expand merchant reach and payment capabilities

Company press release: ID:nMFN813GdR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
 
SEK 19.80 mln
 
Q2 EPS
 
SEK 0.01
 
Q2 Net Income
 
SEK 800,000
 
Q2 EBIT
 
SEK 1.50 mln
 
Q2 EBITDA
 
SEK 3.80 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.)