Paynova: Last quarter with old business model
Research Update
2016-05-13
11:42
On the 10th of May, Paynova presented its last quarterly report with revenues solely from the PSP-operation. Revenues came in at 6,4 mSEK vs 6,3 mSEK in Q1 2015. Reported EBIT was -4,5 mSEK vs -2,5 mSEK. The reason for the decrease in operational profit was increased costs for staff ahead of the launch of SJs new site. Profit after tax came in at -5,3 mSEK vs -2,5 mSEK last year. Starting from Q2, Paynova will start showing revenues from the new consumer credit offering. This should result in pronounced top-line growth in the coming quarters.
JE
Johan Ekström
Disclosures and disclaimers