Westpay: First comment Q1, sales decrease was already expected

Research Note

2019-05-02

13:59

Today Westpay released their report for the first quarter of 2019. We already knew that the sales would decrease significantly compared to last year, but still, the net sales came in higher than we had anticipated. Westpay is working hard on getting back to growth and signing important strategic partnerships. We do not expect to make any significant changes to our projections following the report. We like the long-term case of Westpay but continue to believe that the uncertainty in the short-term perspective is rather high which is reflected in the current market valuation.

KL

EP

Kristoffer Lindström

Eddie Palmgren

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