Brief: Ayima Plans For 20-30% Reduction In Revenue In Short Term

Ayima AB (publ)

06/04/2020 16:00

April 6 (Reuters) - Ayima Group AB (publ)  AYIMAb.ST :
    * DIFFICULT TO ESTIMATE EFFECT ON AYIMA'S REVENUES
PRECISELY,
HOWEVER ARE PLANNING FOR A 20-30% REDUCTION IN REVENUE IN SHORT
TERM
    * HAS TODAY TAKEN STEPS TO IMMEDIATELY CUT COSTS BY A
CORRESPONDING AMOUNT. A 20% REDUCTION IN OPERATING EXPENSES WILL
BE APPLIED WITH IMMEDIATE EFFECT
    * LARGEST EFFECT HAS BEEN ALMOST COMPLETE PAUSE IN NEW
BUSINESS
PROCESSES
    * MOST PITCHES AND NEW CONTRACT NEGOTIATIONS HAVE BEEN
PAUSED OR
DELAYED

Source text for Eikon:  ID:nWkr1YBFH2 
Further company coverage:  AYIMAb.ST 

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