Westpay: Q1, Better than Expected but Uncertainty is High
Redeye finds that Westpay’s report was better than we expected in terms of revenue, especially sales of new systems, thanks to the strong start of the quarter. However, the outlook is very much uncertain with the CVODID-19 environment we are in. Westpay was fast to act with cost adjustments and short-term work allowance, which will dampen the adverse effect to some degree in the coming quarters. Still, we expect to make some downwards adjustments to our projections.
The uncertainty remains high, but Westpay is doing what they can to handle these challenging times.