Agillic: Large overhang eliminated after a decision on taxation
Agillic today announced that they have received approval for 71% of the applied tax credit and thereby concluded the full tax credit scheme review for 2019 – 2022.
Agillic had made full reservations for a negative outcome subsequent to the Danish Tax Authorities' decision in 2023 to decline the entire tax credit for 2019. The effect on P&L and cash flow is therefore substantial.
The income statement for 2024 will see a positive impact on net interest of DKK 1.7m and a positive impact on tax income of DKK 8.8m. In total, net profit will increase by DKK 10.5m.
Furthermore, this has a real impact on cash position and debt. Cash position will increase by DKK 2.1m, and short-term debt will be reduced by DKK 8.4 million.
Besides the backward-looking effects, this also eliminates some future risks, as this could have impacted Agillic’s investments in growth.
Agillic is a Danish Software-as-a-Service (SaaS) company within marketing technology (MarTech), headquartered in Copenhagen, Denmark. Agillic’s omnichannel marketing automation platform empowers brands to work with data-driven insights and content to create, automate, and send personalized communication to millions.
Disclaimer: HC Andersen Capital receives payment from Agillic for a Corporate Visibility/Digital IR subscription agreement. /Michael Friis 11.33, 5 July 2024.
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Agillic
Agillic är ett danskt mjukvarubolag i kategorin marknadsföringsteknologi som erbjuder en så kallad 'customer experience platform', där företag kan arbeta med datadriven insikt och innehåll för att skapa, automatisera och skicka personlig kommunikation till stora kundbaser och över kanaler. Visionen är att hjälpa företag att bygga och utveckla kundrelationer utifrån kundupplevelsen.
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