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.
Agillic
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 personalised communication to millions. Proven business cases are found in retail, finance, travel & hospitality, energy & utility, technology & software, entertainment & gaming, media & publishing, charity & NGO, and in subscription businesses across all industries.
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