SinchAB: Interim Report, January - June 2024
Stable performance and strong cash flow
April – June 2024
- Net sales increased marginally to
SEK 7,041m (7,021). - Gross profit increased by 3 percent to
SEK 2,386m (2,322). - EBITDA rose by 11 percent to
SEK 792m (715). - Adjusted EBITDA increased slightly to
SEK 867m (865). - Profit after tax for the quarter was
SEK 95m (-70). - Basic earnings per share were
SEK 0.11 (-0.08) and diluted earnings per share wereSEK 0.11 (-0.08). - Cash flow from operating activities was
SEK 1,049m (-13).
January –
- Net sales decreased by 1 percent to
SEK 13,833m (13,948). - Gross profit increased by 3 percent to
SEK 4,698m (4,582). - EBITDA rose by 11 percent to
SEK 1,560m (1,408). - Adjusted EBITDA decreased by 2 percent to
SEK 1 ,661m (1,698). - Profit after tax for the period was
SEK 5m (-148). - Basic earnings per share were
SEK 0.01 (-0.18) and diluted earnings per share wereSEK 0.01 (-0.18). - Cash flow from operating activities amounted to
SEK 1,602m (199).
Significant events during the quarter
- Sinch implemented new segment reporting and released restated historical segment reporting.
- Sinch established an MTN program for borrowing on the capital market with a framework amount of
SEK 6bn . The base prospectus has been approved and registered by Finansinspektionen. -
Johan Stuart stepped down from the board of directors for personal reasons. - Sinch was recognized as a 2024 Gartner Magic Quadrant Leader for CPaaS.
Significant events earlier this year
- The new operating model, organization and management team became operational on
1 January 2024 .
Significant events after the quarter
- Sinch's IT organization will be brought together under Chief Data and Transformation Officer Sibito Morley. The change means that Sinch's CIO
Cristina David will leave the Global leadership team on 12 August. - Sinch plans to hold a Capital Markets Day for investors on 20 November at which management will provide in-depth information about the business, growth opportunities and the market. The event will be held in
Stockholm and available via webcast. Further information will be provided in Q3.
Invitation to webcast and phone conference
Sinch will present the interim report in a webcast and phone conference on Friday,
To participate via phone conference, register using the following link: https://conference.financialhearings.com/teleconference/?id=50048792.
After you register, you will be given a phone number and conference ID to log into the conference.
For additional information, please contact
Ola Elmeland, Investor Relations
+46 72 143 34 59
investors@sinch.com
+46 72 245 50 55
investors@sinch.com
+46 73 660 24 19
investors@sinch.com
About Sinch
Sinch is pioneering the way the world communicates. More than 150,000 businesses – including many of the world's largest tech companies – rely on Sinch's Customer Communications Cloud to improve customer experience through mobile messaging, voice and email. Sinch has been profitable and fast-growing since it was founded in 2008. It is headquartered in
Note:
This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply.
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