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 er en dansk Software as a Service (SaaS) virksomhed inden for marketingteknologi (MarTech), med hovedkontor i København, Danmark. Agillics omnichannel marketing automation platform giver brands mulighed for at arbejde med datadrevet indsigt og indhold for at skabe, automatisere og sende personlig kommunikation til millioner af personer. Beviste forretningscases findes inden for detailhandel, finans, turisme, energi og forsyning, teknologi og software, underholdning og spil, medier og forlag, velgørenhed og NGO og i abonnementsvirksomheder på tværs af alle brancher.
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