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Interim Report H1, 2020 - Ayima Group AB

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YTD: Jan - Jun 2020

  • A positive EBITDA result of 2.2 MSEK (4.6)
  • Profit after tax for the period was -4.4 MSEK (-4.2)
  • Total Revenue amounted to 61.6 MSEK (76.9) a decrease of 20% from the corresponding period in 2019
  • Gross Profit amounted to 42.0 MSEK (53.2) a decrease of 21% from the corresponding period in 2019
  • Revenue reductions in the period are entirely Covid-19 related and are considered temporary. Revenue is expected to increase in Q3 and Q4 as the economy reopens
  • Operating costs amounted to 39.8 MSEK (48.7), a reduction of 18.3%

Q2: Apr - Jun 2020

  • EBITDA for the quarter amounted to 1.8 MSEK (4.0), a 300% increase from the previous quarter (0.4)
  • Profit after tax for the period was -1.4 MSEK (1.2)
  • Revenue for the quarter amounted to 27.8 MSEK (40.5), a decrease of 31% from the previous year and 1.8% from the previous quarter
  • Gross Profit amounted to 18.3 MSEK (27.1) a decrease of 32% the corresponding period in 2019 and a decrease of 22% from the previous quarter
  • Operating costs amounted to 16.6 MSEK (23.1) a reduction of 28% compared with the same period last year. Cost Cutting measures introduced in the quarter achieved savings of 6.5 MSEK
  • Significant cost-cutting measures have been implemented to counteract the temporary Covid-19-related revenue reduction. While revenue is expected to improve in Q3 and Q4 as the economy reopens, the cost savings will remain for the long term

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 August 20, 2020

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