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Sweden's Westpay Q3 sales on Worldline partnership

By Reuters News


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


Reuters Recommended Reads

  • Nov 3 - Marqeta Q3 revenue slightly beats estimates on volume growth

  • Nov 3 - Payments platform Block's Q3 profit beats estimates

  • Nov 3 - Sweden's Flat Capital Q3 NAV falls as Klarna share decline weighs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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