Ayima Group AB - Interim Report Q1
Highlights YTD Jan to Mar 2020
Total Revenue amounted to 33.9 MSEK (36.4) a decrease of 7% from the corresponding period in 2019, and a decrease of 2% from the previous quarter.
Gross Profit amounted to 23.6 MSEK (26.2) a decrease of 10% from the corresponding period in 2019, but an increase of 14.9% from the previous quarter.
A positive EBITDA result of 0.4 MSEK (0.6) a small change from the corresponding period in 2019
Total Comprehensive Income (after tax and exceptional items) amounted to -1.3 MSEK (-1.8)
Operating costs amounted to 23.2MSEK (25.6), a reduction of 9.6% due to restructuring and cost cutting
The impact of the Covid-19 pandemic had a significant effect on Q1 revenue numbers, and will continue to be felt in Q2
Further cost cutting measures in response to the pandemic have been taken since March 2020 and will be reflected in Q2 results
Key Events in the Quarter:
20 Client contracts were signed in Q1 2020 with a total value of 16.4 MSEK over 12 months.
All Ayima’s offices are closed and the entire staff is operating on a “work from home” basis. The transition has been smooth, with no negative impact on service delivery.
The Covid-19 pandemic has had a significant but moderate impact on operations and trading in Q1 and a slowing of new business acquisition. The effects will be more pronounced in Q2 but are being managed with cost cutting and government assistance programs.
The company has taken advantage of the UK government Coronavirus Job Retention Scheme (CJRS) and is receiving payments for approximately 15 UK employees on furlough.
The company is also pursuing other government loan schemes in the various markets it operates (UK, US, Canada).
The date for the AGM was announced. To be held on 12 June 2020 in Stockholm.
The full report can be downloaded here:
For further Information:
CEO/VD Michael Jacobson
+44-20 7148 5974
Originally founded in 2007, Ayima is a digital marketing agency with around 150 employees across its offices in London, New York, San Francisco,Stockholm and Vancouver. Ayima have created a number of market-leading software tools that are used in by clients and agencies around the world, including ‘Updatable’, ‘Redirect Path’, ‘Page Insights’, ‘Pulse’ and ‘Appotate’.
Ayima is listed at Nasdaq First North under the “Ayima B” ticker. Certified Adviser is:
Eminova Fondkommission AB
+46 (0)8 – 684 211 00,
This information is insider information that Ayima Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 21 May, 2020