Brief: Speqta: Update On COVID-19

BrightBid AB (publ)

02/04/2020 08:33

April 2 (Reuters) - Speqta publ AB  SPEQT.ST :
    * UPDATE ON COVID-19
    * JANUARY AND FEBRUARY WERE MOSTLY UNAFFECTED BY COVID-19
PANDEMIC
    * IN MARCH SPEQTA HAS SEEN MIXED FINANCIAL IMPACT FROM
COVID-19
PANDEMIC
    * EXPECTS ROBUST TREND OF INCREASING E-COMMERCE AND ONLINE
ADVERTISING SPEND TO REMAIN
    * IT IS TOO EARLY TO ESTIMATE LENGTH AND MAGNITUDE OF
COVID-19
SITUATION.
    * ON CORONAVIRUS: COVID-19 VIRUS IS AFFECTING OUR BUSINESS
SHORT
TERM BOTH POSITIVELY AND NEGATIVELY
    * HAS EXPERIENCED A CHANGED ENVIRONMENT IN REACHING OUT TO
POTENTIAL NEW CUSTOMERS WITH SHOPELLO BIDBRAIN™ SINCE CLIENTS
DECLINE MEETINGS DUE TO COVID-19
    * WE ARE CONFIDENT TO MEET OUR LONG-TERM GOALS, AIMING TO
REACH
600 MSEK IN REVENUE WITH AN ORGANIC CAGR OF AT LEAST 20% WITHIN
NEXT THREE YEARS.
    * CHANGED ENVIRONMENT MIGHT SHORT-TERM IMPACT TOP LINE
GROWTH BUT
NOT MID-TERM

Source text for Eikon:  ID:nWkrfQ5F9 
Further company coverage:  SPEQT.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))