Interim financial report January-March 2025
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