Avidly Oyj

Avidly Plc publishes restated 2020 segment data in accordance with the company’s new reporting structure

23.4.2021 09:30:01 EEST | Avidly Oyj | Company Announcement

Avidly Plc publishes restated 2020 segment data in accordance with the company’s new reporting structure

Avidly Plc        Company Announcement        23 April 2021 at  9.30  a.m.

Avidly Plc publishes restated, audited financial figures for the year 2020 concerning the new geographic reporting segments.

In connection with the company's strategy update, Avidly Plc's Board of Directors decided in December 2020 that Avidly will start reporting its business operations for the financial period beginning on 1 January 2021, divided into two geographical segments, which are Finland and International. At the same time, Avidly will cease reporting separate Marketing Services and Inbound Marketing segments. The changed reporting method corresponds to the company's updated strategy and positioning as a holistic martech service provider as well as the way of leading the business as one entity.

Avidly Plc publishes segment information twice a year in the half-year report and in the financial statements bulletin. In 2021, the company will also publish business reviews for the periods 1 January to 31 March 2021 and 1 January to 30 September 2021. In business reviews, the share of International revenue and gross profit will be disclosed.

Restated financial figures for the period 1 January – 30 June 2020

EUR 1,000

 

 

Finland

 

 

International

 

 

 

Group eliminations and

unallocated

Avidly - Group

Total

 

INCOME STATEMENT

 

 

 

 

Revenue

10,302

2,834

-173

12,963

Gross Profit

7,095

2,338

-107

9,326

Depreciation and amortization

-714

-220

0

-934

EBIT

-306

-68

-29

-403

Adjusted EBIT *

-254

-6

-29

-289

Financial income and expenses

 

 

 

-107

Profit before tax

 

 

 

-510

Income taxes

 

 

 

45

Profit for the period

 

 

 

-465

BALANCE SHEET

Assets

17,919

5,838

-779

22,978

Liabilities

11,231

3,482

-750

13,963

PERSONNEL

Personnel on average

180

52

-

232

Restated financial figures for the period 1 July – 31 December 2020

EUR 1,000

 

 

Finland

 

 

International

 

 

 

Group eliminations and

unallocated

Avidly - Group

Total

 

INCOME STATEMENT

 

 

 

 

Revenue

9,415

2,793

-201

12,007

Gross Profit

6,931

2,459

-67

9,323

Depreciation and amortization

-677

-174

0

-851

EBIT

474

14

-146

342

Adjusted EBIT *

527

76

23

626

Financial income and expenses

 

 

 

-232

Profit before tax

 

 

 

110

Income taxes

 

 

 

13

Profit for the period

 

 

 

123

BALANCE SHEET

Assets

18,909

6,348

-1,322

23,935

Liabilities

11,534

3,954

-1,345

14,143

PERSONNEL

Personnel on average

174

49

-

223

Restated financial figures for the period 1 January – 31 December 2020

EUR 1,000

 

 

Finland

 

 

International

 

 

 

Group eliminations and

unallocated

Avidly - Group

Total

 

INCOME STATEMENT

 

 

 

 

Revenue

19,717

5,627

-374

24,970

Gross Profit

14,025

4,797

-173

18,649

Depreciation and amortization

-1,391

-394

0

-1,785

EBIT

167

-53

-175

-61

Adjusted EBIT *

272

71

-6

337

Financial income and expenses

 

 

 

-339

Profit before tax

 

 

 

-400

Income taxes

 

 

 

58

Profit for the period

 

 

 

-342

BALANCE SHEET

Assets

18,909

6,348

-1,322

23,935

Liabilities

11,534

3,954

-1,345

14,143

PERSONNEL

Personnel on average

177

51

-

228

* Adjusted operating result = Operating result (EBIT) adjusted for acquisition costs and allocated depreciation of acquired businesses as well as expenses associated with the share-based incentive scheme pursuant to IFRS.

 

Additional information:

Hans Parvikoski, CFO, Tel. +358 40 586 6154

Oaklins Merasco Oy acts as Avidly Plc’s Certified Advisor, tel. +358 9 6129 670

Avidly is a leading martech service provider listed on the Nasdaq First North Growth marketplace in Helsinki. We offer holistic digital marketing and sales services and customer experience, data and technology are closely entwined into our impact-driven growth strategy. We are a team of more than 230 navigators and explorers, makers and shakers in 16 locations in Finland, Sweden, Norway, Denmark and Germany. Read more: investors.avidlyagency.com/en

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