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TargetEveryone publishes Annual Report 2018 with deviation from year-end report
On February 14, the company published the year-end report for the fiscal year 2018.
The annual report for 2018 deviates from the year-end report. The changes that have taken place are, with respect to the parent company, that the MSEK 4.8 receivable from the company's wholly-owned subsidiary TargetEveryone AS has been amortized. The Board's opinion is that the accumulated receivable will be waived in 2019 as a supplement to cover expected losses in the subsidiary. Consequently, this takes effect in the financial statements as of December 31, 2018. This adjustment does not affect the consolidated group accounts.
Furthermore, the shares in subsidiaries of MSEK 5.0 has been amortized, and refers to the value of the acquired shares in DigiMatch AS. The operations conducted in DigiMatch have been transferred to and integrated into TargetEveryone AS. Given a strategic change from consultant-driven to more automated segmentation and customer club solutions, the value of the shares in DigiMatch AS can no longer be justified. This has also affected the consolidated group accounts, where the goodwill of MSEK 4.0 related to this acquisition is amortized.
For further information contact:
+47 977 00 338
Mangold Fondkommission AB (556585-1267)
Box 55 691 102 15 Stockholm
Telefon: +46 8 503 015 50
TargetEveryone AB (publ) is obligated to publish this information under the EU Market Abuse Regulation. The information was provided by the above contact person's auspices, for publication on April 11, 2019 at 10.30 p.m. CET.