Brief: Ayima Implements Costcutting Measures To Save About SEK 18.5 Mln

Ayima AB (publ)

03/08/2023 08:30

Aug 3 (Reuters) - Ayima Group AB (publ)  AYIMAb.ST :
    * FOLLOWING THE LARGE CLIENT WINS ANNOUNCED DURING Q2, WE
SUFFERED
 FURTHER CLIENT-SIDE DELAYS IN PROJECT COMMENCEMENT AND WERE
UNABLE TO BOOK ALL OF  THE EXPECTED REVENUE FROM THE NEW CLIENT
PROJECTS
    * THE NEW BUSINESS PROCESS HAS CONTINUED TO BE SLOW, WITH 
PROLONGED DELAYS IN REACHING THE SIGNATURE STAGE OF THE PROCESS
IN MULTIPLE NEW  CLIENT NEGOTIATIONS
    * WE HAVE NOW IMPLEMENTED BROAD COSTCUTTING MEASURES,
AMOUNTING TO
ANNUALISED SAVINGS OF APPROXIMATELY 18.5 MS
    * MEASURES WILL BRING THE COMPANY BACK TO POSITIVE EBITDA IN
Q3
AND Q4

Source text for Eikon:  ID:nWkr9lYjw4 
Further company coverage:  AYIMAb.ST 

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