Quickbit announces upcoming impairment of intangible fixed assets
Today, Quickbit announces that the Board has decided to, in the second quarter of '23/24, write down the value of one of the product platforms that the company acquired during the previous financial year. The write-down amounts to 2.85 mEUR.In August 2022, Quickbit acquired two product platforms from Parman Enterprises UK Limited. As one of the platforms has not yet been put into operation and is no longer intended to be used in Quickbit's operations, the Board, after consultation with the management and Quickbit's auditors, has decided on a write-down of the entire acquisition value