Redeye: Westpay - Delays, but the potential remains the same

Just like we expected we saw a small sales drop during Q2’18. Announcements regarding larger orders have been scarce the last months; a major product revamps that Westpay has been working on is the likely explanation for the hesitant customer behavior. We have adjusted our projections downwards which also leads to a lower Base-case. However, our Valuation range remains almost intact as we believe the long-term potential has not been altered despite the delays and quarterly fluctuations.

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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/