Paynova AB reported earnings results for the first quarter ended March 2018. For the quarter, the company reported revenue amounted to SEK 8.2 million against SEK 8.2 million a year ago. Loss before depreciation (LBITDA) amounted to SEK 4.0 million against SEK 3.0 million a year ago. Loss after depreciation (LBIT) amounted to SEK 6.7 million against SEK 5.0 million a year ago. Loss after tax amounted to SEK 7.4 million against SEK 5.6 million a year ago. Loss per share amounted to SEK 0.02 against SEK 0.02 per share a year ago.

For the year 2018, the company expects EBITDA to be positive.