Brief: Agillic Releases Preliminary Results For 2019 And Guidance For 2020

Agillic A/S

31/01/2020 08:28

Jan 31 (Reuters) - Agillic A/S  AGILC.CO :
    * REG-AGILLIC RELEASES PRELIMINARY RESULTS FOR 2019, AND
GUIDANCE
FOR 2020. FURTHER, THE COMPANY IS INITIATING A PROCESS AIMING AT
RAISING DKK 20-25 MILLION IN A SHARE ISSUE
    * IN 2020, WE EXPECT TO INCREASE EBITDA WITH DKK 16-21
MILLION AND
BECOME EBITDA POSITIVE
    * IT IS OUR AMBITION TO DELIVER CONTINUED REVENUE GROWTH,
LEADING
TO FURTHER GROWTH IN EBITDA TOWARDS 2023
    * PRELIMINARY REVENUE IN 2019 AMOUNTED TO DKK 53.8 MILLION,
AN
INCREASE OF 38% COMPARED TO 2018
    * PRELIMINARY 2019 EBITDA AMOUNTED TO DKK -15.4 MILLION
COMPARED
TO DKK -19.1 MILLION FOR 2018
    * WE AIM AT RAISING DKK 20-25 MILLION IN A SHARE ISSUE
    * TO FURTHER ACCELERATE GROWTH, AGILLIC INITIATES A PROCESS
AIMED
AT RAISING DKK 20-25 MILLION IN A SHARE ISSUE TO FUND GROWTH
OPPORTUNITIES
    * FINANCIAL RESULT FOR 2019 WAS IMPACTED BY A DELAYED
ROLLOUT OF
COMPANY'S INTERNATIONAL PARTNER AND SALES STRATEGY, AND AN
ATYPICAL HIGH CHURN RATE IN Q3 AND Q4
    * IN 2020, AGILLIC'S GROWTH IN DOMESTIC AND INTERNATIONAL
MARKETS
IS EXPECTED TO INCREASE
    * AGILLIC INITIATES A PROCESS AIMED AT RAISING DKK 20-25
MILLION
IN A SHARE ISSUE TO FUND GROWTH OPPORTUNITIES. FUNDRAISING IS
EXPECTED TO BE COMPLETED DURING H1 2020

Source text for Eikon:  ID:nGNE5vc1Lj 
Further company coverage:  AGILC.CO 

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