Ayima Group AB (Publ) issues an update regarding preliminary results for Q3 and current trading for Q4 of 2019. Notwithstanding the continued success of new business efforts as per the most recent PM of 16 September, there has been a downturn in recent trading due to the temporary pause or loss of several existing clients.
The company’s latest information is that this is due to general business uncertainty and confidence in the economy as a result of Brexit and other economic conditions, causing some advertisers to pause or cancel marketing campaigns. It was anticipated that Q3 would show an increased EBITDA and Net Profit, however preliminary numbers indicate that results will be lower than previously expected. It is now considered that Net Profit will be slightly negative in Q3 and early estimates of Q4 results will be slightly lower again. It is however expected that trading will recover in Q1 of 2020 when deferred projects resume and large recent client wins begin to produce revenue.
Further updates will be issued when the company has a clearer view on Q4 trading. Ayima Group AB (Publ) will release their Q3 report on 21 November 2019.
For further Information:
CEO/VD Michael Jacobson
+44-20 7148 5974
press(at)ayima.com
www.ayima.com/investors
About Ayima
Originally founded in 2007, Ayima is a digital marketing agency with around 150 employees across its offices in London, New York, San Francisco,Stockholm and Vancouver. Ayima have created a number of market-leading software tools that are used in by clients and agencies around the world, including ‘Updatable’, ‘Redirect Path’, ‘Page Insights’, ‘Pulse’ and ‘Appotate’.
Ayima is listed at Nasdaq First North under the “Ayima B” ticker. Certified Adviser is:
Eminova Fondkommission AB
+46 (0)8 – 684 211 00,
This information is insider information that Ayima Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on October 23, 2019.
