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Analytikerkommentar

Agillic: Large overhang eliminated after a decision on taxation

Af Michael FriisHead of Equities
Agillic

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 er et dansk softwarefirma inden for marketingteknologi (MarTech) med hovedkontor i København, Danmark. Agillic-platformen er den anerkendte nordiske marketing automation platform, der muliggør personalisering med skalerbarhed, operationel effektivitet og fuld overholdelse af GDPR. Agillic har dokumenterede cases på tværs af vertikaler – fx finans, energi, medier og forlag, velgørenhed og NGO, og detailhandel. Læs mere på https://agillic.com/

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