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Ayima Group AB - Interim Report Q3, 2020

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Highlights

Q3: Jul - Sep 2020

  • EBITDA for the quarter amounted to 4.9MSEK (2.3), a 112%  increase from the corresponding period in 2019 and 174% increase  from Q2
  • Profit after tax for the period was 2.1 MSEK (-1.0), a significant turnaround from the corresponding period in 2019
  • Gross Profit amounted to 22.5 MSEK (27.3) a decrease of 17.5% from the corresponding period in 2019 but an increase of 23% from the previous quarter (18.3)
  • Total Revenue for the quarter amounted to 34.0 MSEK (57.8), a decrease of 41% from the corresponding period in 2019 but an increase of 23% from Q2 (27.8)
  • The gross revenue decrease is due to a strategic shift from  low-margin paid media and a renewed focus on high-margin SEO services
  • Gross margin improved to 66% (47%) - a significant improvement, reflecting the new strategy
  • Operating costs amounted to 17.7 MSEK (25.0) a reduction of 29% compared with the same period last year

YTD: Jan - Sep 2020

  • A positive EBITDA result of 7.1 MSEK (6.9)
  • Profit after tax for the YTD was -2.3 MSEK (-5.2)
  • Total Revenue amounted to 95.6 MSEK (134.6) a decrease of 29% from the corresponding period in 2019
  • Gross Profit amounted to 64.5 MSEK (80.6) a decrease of 20% from the corresponding period in 2019
  • Gross margin increased to 67% (60%) demonstrating the success achieved to date in growing higher margin services
  • Operating costs amounted to 57.4 MSEK (73.7), a reduction of 22% from the corresponding period in 2019

For further Information:
CEO/VD Michael Jacobson
+44-20 7148 5974
press(at)ayima.com
www.ayimagroup.com

About Ayima

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,

info@eminova.se

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 November 19, 2020

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