Potential Receivables Write-down
Following a routine review of aged debtors and receivables, Ayima has today discovered that an amount owing from a client is at risk of write-down or loss. Receivables in the amount of 1.8 Msek is owing for services provided to the client, however the client company is in financial difficulty and has indicated that it may not be able to pay the amount.
Ayima will work strenuously with the client in the coming weeks to try to mitigate the potential loss, however it seems likely that a one-off write-down will occur in Q2 or Q3 of the current year and the amount of 1.8Msek has been reserved for this purpose.
Ayima conducts due diligence on all potential clients and continually monitors receivables for risk of default. The company is confident that this is an isolated case and sees no reason to add a provision for bad debts in the future.
For further Information:
CEO/VD Michael Jacobson
+44-20 7148 5974
Originally founded in 2007, Ayima is a digital marketing agency with around 145 employees across its offices in London, Stockholm, New York, San Francisco 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’.
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 June 20, 2018.