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Affiliate Monitor Company-by-company Q2 results analysis
Acroud Q2 review Tinkering around the edges
As we suggested in the last Affiliate Monitor , there is a suspicion given the limited newsflow this year that there is more going on under the hood at Acroud than is currently being disclosed . That notion was certainly not dispelled by the Q2 earnings statement .
Not that there was anything within that statement to add to the news from earlier in the year regarding bond procedures and the earnout due to the previous owners of the Gambling Cabin .
The only mention in the report does , however , indicate some precariousness when it comes to the financing . After receiving a waiver for the mandatory repayment of the entire outstanding bond , Acroud subsequently paid 5 % of the outstanding amount of SEK190m after the quarter ended .
In the statement accompanying the earnings , chief executive Robert Andersson said the agreement over the bond and the 5 % repayment had led to a reduction in the July 2024 amortisation payment , which he said “ positively impacted ” cash position .
He said the effect of the written procedure will be presented in the Q3 report , adding that Acroud also renegotiated the earnout agreement with the ex-owners of The Gambling Cabin , resulting in a decrease of liabilities to the tune of € 835k .
On the numbers showing revenue down 8 % year-on-year to € 9.5m while iGB Affiliate Monitor