Paynova; Successful launch of SJs site

Research Update

2016-09-02

14:50

The launch and the processing of payments has been a success. This is of paramount importance as it shows that Paynova can handle large volumes and a demanding client with special requests. Revenues came in at 8,2 mSEK which was an increase with 19% y-o-y and 28% vs Q1 2016. The loss in EBIT decreased to -3,6 mSEK in Q2 vs -4,5 mSEK in Q1. Paynova now has capacity and experience to take on new clients without increasing costs significantly. Paynovas management has been very active in their sales efforts lately and we believe the chances of adding new clients during the autumn is rather high.

JE

Johan Ekström

Disclosures and disclaimers

Premium Plan required to unlock

Unlock companies to access

more high quality research.