Paynova: More growth ahead

Research Update

2018-09-19

07:30

As expected the new customer Skruvat.se was one of the biggest contributors to the revenue increase in Q2. However, the payment solution was only active one month in Q2, which means more revenue is expected in Q3. Panova's ambition is to go live in its first physical store in the first half of 2019. Paynova will integrate directly into the customer's cash system which is fairly unusual. At the moment Paynova has a dialogue with a couple of major retail chains about a similar solution. The new client Alma Talent could be big in 2 years, however, we only expect a small impact on net sales currently from the agreement.

TO

Tomas Otterbeck

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