Brief: Ayima Group Updates On New Business And COVID-19

Ayima AB (publ)

13/07/2020 11:02

July 13 (Reuters) - Ayima Group AB (publ)  AYIMAb.ST :
    * GENERAL UPDATE ON NEW BUSINESS AND COVID-19 - AYIMA GROUP
AB
    * IN GENERAL, AYIMA'S OPERATIONS REMAIN RELATIVELY
UNAFFECTED BY
CRISIS.
    * SERVICE DELIVERY HAS BEEN UNAFFECTED BY NEW WORKING
CONDITIONS
AND CLIENT FEEDBACK CONTINUES TO BE EXTREMELY POSITIVE.
    * TOP LINE REVENUES HAVE BEEN AFFECTED BY CLIENT BUDGET CUTS
IN Q1
AND Q2, HOWEVER WE ARE SEEING THIS SLOWLY RETURN TO NORMAL IN
Q3.
    * SENIOR MANAGEMENT TEAM HAS ACCEPTED A 30% SALARY REDUCTION
FOR
DURATION OF CRISIS AND UNTIL A RETURN TO PROFITABILITY.
    * MEASURES HAVE RESULTED IN A OVERALL COST REDUCTION OF
APPROXIMATELY 25% FOR LONG TERM.
    * PROSPECTS FOR LONG TERM SEEM VERY POSITIVE

Source text for Eikon:  ID:nWkr7G8XNG 
Further company coverage:  AYIMAb.ST 

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