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Westpay: Expectations Q1, Hard to Predict due to COVID-19

2020-04-30

12:01

KL

JA

Kristoffer Lindström

Jonas Amnesten

Redeye lowers our projections for the first quarter of 2020. We find that our estimates for Q1 hold more uncertainty than usual, due to the COVID-19 outbreak. While Westpay’s recurring revenue will act as a cushion, sales of new terminals and systems will most likely have been limited. The implemented short-time work allowance signals a decrease in business volumes.

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