BICO publishes adjusted Annual and Sustainability Report 2023
BICO Group AB (publ) (“BICO” or “the company”) today publishes an adjusted version of its Annual and Sustainability Report 2023 on its website. Adjustments has been made in Annual Report 2023 with regards to BICOs changed method for impairment test of goodwill which resulted in retroactive impairment of goodwill and other immaterial assets.
The adjusted Annual and Sustainability Report 2023 is now available digitally in Swedish and an English language version at https://bico.com/investors/financials/financial-reports-and-presentations/.
A mark-up version is also available to highlight the adjustments made compared to the version of the Annual Report 2023 published as of March 15, 2024. The mark-up version is available via the link above, under the section additional reports.
BICO announced, on May 6, 2024, via a press release that the Company had changed method for impairment test of goodwill, which resulted in retroactive impairment of goodwill and other immaterial assets. The adjustments were therefore published in the next financial report, which was the Q1 2024 interim report published on May 7, 2024. The retroactive impairments in the Q1 2024 interim report leads to adjustments in the 2023 Annual Report and accordingly a new adjusted version is published as of today, which will be submitted for approval at BICO's upcoming Annual General Meeting on May 20, 2024.
The Annual Report in accordance with European Single Electronic Format (ESEF) is available in Swedish.
BICO has for sustainability reasons chosen not to print nor distribute hard copies of the report. Those who are unable to access the report digitally can request a print-out by contacting BICO Investor Relations, ir@bico.com.