Update regarding certain estimates of the group’s financial development
With reference to YA Holding AB’s (”YA” or the ”Company”) press release on 15 September 2022, where certain estimates of the group’s financial development were announced, and to the Company’s interim report for the period 1 January 2022 up until and including 30 September 2022.
As far as the Company can assess, the Swedish Public Employment Service’s updated preliminary forecast for payments during 2023, which is based on the government’s budget proposal, may have a material negative impact on the group’s EBIT for 2023 compared to the estimates that were announced by the Company on 15 September 2022. The Company is currently further analysing how the Swedish Public Employment Service’s updated forecasts may affect the group’s operations. The Company notes that the Swedish Public Employment Service has informed that the forecasts may be revised when the government’s regulatory letter and the agency’s operation plan for 2023 have been determined. The Company further notes that although the government has, in its budget proposal, proposed a reduction in the appropriation to the Swedish Public Employment Service, it has also assessed that there is headroom for streamlining and prioritising that could lead to a continued increase in certain services in relation to the current levels which corresponds to the challenges on the labour market. Matching services and labour market training are mentioned as examples of prioritised efforts.
Furthermore, the Company will, in connection with the completion of the annual accounts for 2022, value certain closing entries which risk leading to a negative (non-operational) net effect on the group’s EBIT for 2022 compared to the estimates announced on 15 September 2022. The valuations and the potential effect on the group’s EBIT for year 2022 can be determined and announced only when the final valuation is made, which is expected to take place in connection with the completion of the annual accounts.
The information which now has been announced is the Company’s estimates that are based on certain assumptions, among other things regarding the number of participants in the Swedish Public Employment Service’s labour market training and matching services during 2023. The estimates have not been audited or reviewed by the Company’s auditor. The final outcome regarding turnover and EBIT for 2022 and 2023 may differ materially from the Company’s estimates in both a positive and negative manner.
This disclosure contains information that YA Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 12-12-2022 22:52 CET.
For further information, please contact:
CEO
YA Holding AB (publ)
Att. Martin Modig
Tel.: +46 (0) 72 369 66 80
E-post: martin.modig@ya.se
CFO
YA Holding AB (publ)
Att. Antti Rokala
Tel.: +46 (0) 76 899 49 73
E-post: antti.rokala@ya.se