Brief: Ayima's Trading Update, New Funding

Ayima AB (publ)

17/03/2023 12:39

March 17 (Reuters) - Ayima Group AB (publ)  AYIMAb.ST :
    * TRADING UPDATE AND NEW FUNDING
    * FIRST TWO MONTHS OF QUARTER HAVE SEEN A SIGNIFICANT
REDUCTION IN
PROFITABILITY
    * EXPERIENCED EXTRAORDINARY DELAYS IN ROUTINE CONTRACT
RENEWALS
FOR LONG-TERM CLIENTS AND SOME CLIENT TERMINATIONS
    * ESTIMATES THAT RESULT OF THESE EVENTS WILL NEGATIVELY
IMPACT ITS
RESULTS IN Q1 AND Q2 OF CURRENT YEAR
    * NOW EXPECT THAT EBITDA IN Q1 WILL SHOW A LOSS IN REGION OF
-4.8
MSEK
    * FORECASTS INDICATE THAT LOSSES WILL BE SHORT-LIVED AND
THAT Q2
EBITDA WILL RETURN TO POSITIVE TERRITORY, WITH A PROFIT OF
APPROXIMATELY 1.6 MSEK
    * TO ENSURE THAT THERE IS AN EXTRA CASHFLOW CUSHION IN SHORT
TERM,
AYIMA HAS TAKEN OUT AN ADDITIONAL 5.0 MSEK CREDIT FACILITY WITH
DBT
    * DOES PUBLISH FORECASTS FOR Q3 AND Q4 AT THIS STAGE
    * IT IS EXPECTED THAT REMAINDER OF YEAR WILL BE MORE
STRONGLY
PROFITABLE

Source text for Eikon:  ID:nWkr2nHrH3 
Further company coverage:  AYIMAb.ST 

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