Agillic receives approval of 71% of the applied tax credit and thereby concludes the full tax credit scheme review for 2019 – 2022. Net profit increases by DKK 10.5 million in 2024
July 05 2024 - 3:35AM
Agillic receives approval of 71% of the applied tax credit and
thereby concludes the full tax credit scheme review for 2019 –
2022. Net profit increases by DKK 10.5 million in 2024
Announcement no. 05 2024Contains insider information
Copenhagen – 5 July 2024 – Agillic A/S
Agillic has received a final decision from the Danish Tax
Authorities regarding tax credit for the years 2019-2022 which
approves the majority of the applied amount for all 4 years.
The decision has the following financial impact in
2024:
The income statement 2024 will be positively impacted by net
interest DKK 1.7 million and tax income DKK 8.8 million resulting
in a net profit increase of DKK 10.5 million.
The decision will also increase the cash position by DKK 2.1
million, and reduce short term debt by DKK 8.4 million, while
equity will increase by DKK 10.5 million.
Subsequent to the Danish Tax Authorities (DTA) decision in 2023
to decline the entire tax credit for 2019, Agillic appealed the
decision. In the annual report 2023, a full reservation for a
negative outcome was included in accordance with IFRS
principles.
As DTA’s review of 2020 and 2021 changed the interpretation
previously made, an agreed combined process for 2019-2022 was
opened. The outcome is a collective approval of 71% of the applied
tax credit for all 4 years. As a consequence, Agillic withdraws the
appeal previously submitted regarding 2019.
The impact will be reflected in the Q2 and half-year financial
results expected to be published on 27 August 2024.
Financial guidance 2024 (unchanged)
|
DKK million |
2024 |
|
Revenue |
62 to 66 |
|
EBITDA |
0 to 2 |
|
ARR Subscriptions |
56 to 60 |
|
ARR Transactions |
10 to 14 |
|
Total ARR |
66 to 74 |
For further information please contact:Emre
Gürsoy, CEO, Agillic A/S+45 30 78 42 00emre.gursoy@agillic.com
Claus Boysen, CFO, Agillic A/S+45 28 49 18
46claus.boysen@agillic.com
Certified AdviserJohn Norden, Norden CEF
A/S
DisclaimerThe forward-looking statements
regarding Agillic’s future financial situation involve factors of
uncertainty and risk. which could cause actual developments to
deviate from the expectations indicated. Statements regarding the
future are subject to risks and uncertainties that may result in
considerable deviations from the presented outlook. Furthermore.
some of these expectations are based on assumptions regarding
future events. which may prove incorrect. Please also refer to the
overview of risk factors in the ‘risk management’ section of the
annual report.
About Agillic A/S
Agillic is a Danish software company offering brands a platform
through which they can work with data-driven insights and content
to create, automate and send personalised communication to
millions. Agillic is headquartered in Copenhagen, Denmark, with
teams in Germany, Norway, and Romania.
For further information, please visit
www.agillic.com
Agillic A/S (publ) (Nasdaq First North Growth Market Denmark:
AGILC) is obligated to publish the above information in compliance
with the EU Market Abuse Regulation Article 17.
The information was published via agent by Agillic A/S on 5 July
2024.
- Agillic Company Announcement no. 05-2024