Linkfire A/S
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- People
Social Achievements
- Linkfire is dedicated to providing an enjoyable, respectful and safe work environment for everyone, both in the office environment as well as in remote and online collaborations. Linkfire expects partners and suppliers to commit to the same ethical standard and comply with all requirements set forth in the company’s Code of Conduct.
Governance Achievements
- Delisting from Nasdaq First North Growth Market to reduce costs and improve financial efficiency.
Climate Goals & Targets
Medium-term Goals:
- 20-40% organic revenue growth.
Short-term Goals:
- Reach cash flow break-even in 2024.
Environmental Challenges
- Market turmoil and internal restructuring.
- Competition from other marketing platforms and SaaS companies.
- Risks related to taxation (Danish Tax Authorities rejected tax credit for 2020-2022).
- Risks related to future financing needs.
- Uneven cash flows due to seasonality and upfront payments from contracts.
Mitigation Strategies
- Focus on profit by tightening costs and restructuring the organization.
- Cost optimization measures, including headcount reduction.
- Securing debt financing and equity financing.
- Streamlined operations and working capital measures.
- Appealing the Danish Tax Authorities' decision.