Brief: 24SevenOffice Says Profits Expected To Be Significantly Lower Ahead

Done.ai AB

10/07/2022 21:31

July 10 (Reuters) - 24SevenOffice Group AB  247.TE :
    * PROFITS EXPECTED TO BE SIGNIFICANTLY LOWER AHEAD, MAINLY
DUE TO
THE FOLLOWING-EFFECTS FROM THE OPTIN BANK SITUATION
    * 24SEVENOFFICE GROUP - AS PART OF PLANNED RAMP-UP OF
FINTECH
OFFERINGS, SEVERAL NEW FULL-TIME EMPLOYEES AND EXTERNAL
CONSULTANTS HAVE BEEN HIRED
    * POSTPONEMENT OF INVOICE PURCHASE AND DEFERRED PAYMENT WILL
HAVE
A SIGNIFICANT IMPACT ON EBITDA IN COMING QUARTERS
    * BOARD HAS ALSO NOW DECIDED TO WRITE OFF 24SEVENFINANS AS
INVESTMENT ENTIRELY, AMOUNTING TO MSEK 12.8
    * 24SEVENOFFICE - 24SEVENOFFICE IS CONSIDERING APPLYING FOR
ITS
OWN FINANCING LICENSE TO ENSURE CONTINUITY AND PROPER QUALITY OF
SERVICE IN FUTURE

Source text for Eikon:  ID:nWkr9YbcLL 
Further company coverage:  247.TE 

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