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

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