Business
PIXFAM: Strategic pivot to photobooks and Turkish market, with improved cash but deepening losses
PIXFAM: Strategic pivot to photobooks and Turkish market, with improved cash but deepening losses
About this update from Pixfam Ab
Divestment of the Turkish subsidiary and a strategic shift to photobooks mark a new growth phase, with a focus on Turkey and the Middle East. Despite improved EBITDA, net losses widened, but cash position strengthened through asset sales and new share issues.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.