Sweden's Westpay Q3 sales on Worldline partnership
Overview
Sweden payment services provider's Q3 net sales rose 7% yr/yr
Annual recurring revenue and recurring revenues both grew 14% yr/yr in Q3
Q3 net earnings were MSEK 0.8
Outlook
Company did not provide specific financial guidance for upcoming quarters or full year
Result Drivers
RECURRING REVENUE GROWTH - Co said higher annual recurring revenue and recurring revenues, up 14% yr/yr, drove results in Q3
WORLDLINE PARTNERSHIP - Direct connection with Worldline went live in August, broadening recurring revenue base
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | SEK 18.80 mln | ||
Q3 EPS | SEK 0.01 | ||
Q3 Net Income | SEK 800,000 | ||
Q3 EBIT | SEK 1.70 mln | ||
Q3 EBITDA | SEK 4 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.)