Edition:
India

Agillic Releases Preliminary Results For 2019 And Guidance For 2020


Friday, 31 Jan 2020 

Jan 31 (Reuters) - Agillic A/S ::REG-AGILLIC RELEASES PRELIMINARY RESULTS FOR 2019, AND GUIDANCE FOR 2020. FURTHER, THE COMPANY IS INITIATING A PROCESS AIMING AT RAISING DKK 20-25 MILLION IN A SHARE ISSUE.IN 2020, WE EXPECT TO INCREASE EBITDA WITH DKK 16-21 MILLION AND BECOME EBITDA POSITIVE.IT IS OUR AMBITION TO DELIVER CONTINUED REVENUE GROWTH, LEADING TO FURTHER GROWTH IN EBITDA TOWARDS 2023.PRELIMINARY REVENUE IN 2019 AMOUNTED TO DKK 53.8 MILLION, AN INCREASE OF 38% COMPARED TO 2018.PRELIMINARY 2019 EBITDA AMOUNTED TO DKK -15.4 MILLION COMPARED TO DKK -19.1 MILLION FOR 2018.WE AIM AT RAISING DKK 20-25 MILLION IN A SHARE ISSUE.TO FURTHER ACCELERATE GROWTH, AGILLIC INITIATES A PROCESS AIMED AT RAISING DKK 20-25 MILLION IN A SHARE ISSUE TO FUND GROWTH OPPORTUNITIES.FINANCIAL RESULT FOR 2019 WAS IMPACTED BY A DELAYED ROLLOUT OF COMPANY'S INTERNATIONAL PARTNER AND SALES STRATEGY, AND AN ATYPICAL HIGH CHURN RATE IN Q3 AND Q4.IN 2020, AGILLIC'S GROWTH IN DOMESTIC AND INTERNATIONAL MARKETS IS EXPECTED TO INCREASE.AGILLIC INITIATES A PROCESS AIMED AT RAISING DKK 20-25 MILLION IN A SHARE ISSUE TO FUND GROWTH OPPORTUNITIES. FUNDRAISING IS EXPECTED TO BE COMPLETED DURING H1 2020. 

Company Quote

19.5
0.7 +3.72%
30 Mar 2020