Brief: Ayima Updates On Response To Covid-19

Ayima AB (publ)

11/06/2020 10:09

June 11 (Reuters) - Ayima Group AB (publ)  AYIMAb.ST :
    * UPDATE ON AYIMA GROUP RESPONSE TO COVID-19
    * OVERALL, NEGATIVE EFFECTS OF CRISIS HAVE BEEN MILDER THAN
EXPECTED.
    * IN Q1, WE EXPERIENCED A REDUCTION IN REVENUE OF AROUND 10%
FROM
OUR PREVIOUS EXPECTATIONS AND WE EXPECT THAT Q2 WILL BE AT A
SIMILAR LEVEL.
    * WE HAVE RECENTLY ANNOUNCED NEW WINS TOTALLING OVER
10.8MSEK AND
MORE WINS ARE EXPECTED IN NEAR FUTURE
    * IN RESPONSE TO REVENUE REDUCTIONS, WE HAVE IMPLEMENTED
COMPREHENSIVE COST CUTTING MEASURES, RESULTING IN A PERMANENT
REDUCTION IN OPERATING EXPENDITURES OF MORE THAN 25%
    * OVERALL, COMPANY IS IN VERY GOOD SHAPE CONSIDERING CURRENT
GLOBAL SITUATION

Source text for Eikon:  ID:nWkr9f5F6x 
Further company coverage:  AYIMAb.ST 

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