Acroud AB announces impairment charge to Goodwill during the fourth quarter of 2022.
Acroud AB announces an impairment charge of EUR 18 million related to the old assets stemming from Net Gaming’s (former name of Acroud) acquisition of Highlight Media business back in 2016. Management will report the impairment in the 2022 year-end report as an item affecting comparability during the fourth quarter of 2022. The impairment charge does not affect cash flow.
The write-down and consequent impairment charge reflect an updated assessment by management of the assets’ expected future earnings. Management regularly assesses expected future earnings in accordance with IAS 36. The write-down will have no impact on cash flow.
Responsible parties
This information constitutes inside information that Acroud AB (publ) is required to disclose under the EU Market Abuse Regulation 596/2014. The information in this press release has been published through the agency of the contact persons below, at the time specified by Acroud AB’s (publ) news distributor Cision for publication of this press release. The persons below may also be contacted for further information.
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
ACROUD AB (publ)
Telephone: +356 2132 3750/1
E-mail: [email protected]
Website: www.acroud.com
Certified Adviser: FNCA Sweden AB, [email protected]
About ACROUD AB
ACROUD is a fast-moving global challenger that grows and operates 30+ comparison & news sites under strong digital brands in traditional and new verticals. The company develops and offers SaaS (Software as a Service) solutions in the affiliate industry, provide streaming services, and run the innovative gaming event - The Festival Series. Following a number of mergers in 2020 and 2021, many talented industry experts have joined Acroud's journey, leading the organization towards a Software-Based Affiliation company. Driven by the sustainable growth and profitability of our partners, our mission is to connect People, Content Creators (Youtubers, Streamers, Affiliates) and Businesses. Acroud has been listed on the Nasdaq First North Growth Market under the ticker symbol ACROUD since June 2018.