For the acquisition of Joint Collaboration AS approximately SEK 32 million has been booked as contingent consideration. Since the objectives of the contingent consideration are not deemed to be reached, the provision will be dissolved. In addition, a further SEK 2 million will be dissolved due to revaluation of contingent consideration for other acquisitions.
As a result of an overall impairment review of immaterial assets, Addnode Group will record a total SEK 30 million non-cash goodwill write-down related to the Business Area Content Management.
"This is part of an ongoing review of our provisions and valuation of immaterial assets which do not affect cash flows for the period or our financial position. We reported strong earnings for the first nine months and we have a good solvency and financial position", says Staffan Hanstorp, President and CEO of Addnode Group.
The information in this press release is such that Addnode Group must disclose in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released on January 13, 2015, 08.30 a.m.