Sinch AB: Interim report, January - September 2024

STOCKHOLM, Nov. 6, 2024 /PRNewswire/ -- Executing on our efficiency agenda 

July, September 2024

Net sales decreased by 2 percent to SEK 7,150m (7,265).

Gross profit decreased by 1 percent to SEK 2,406m (2,433).

EBITDA decreased by 6 percent to SEK 799m (848).

Adjusted EBITDA decreased by 2 percent to SEK 923m (943).

An impairment of goodwill of SEK 6,000m had negative impact on quarterly results and Sinch is reporting a loss after tax of SEK -6,095m (46).

Basic earnings per share were SEK -7.22 (0.05) and diluted earnings per share were SEK -7.22 (0.05).

Cash flow from operating activities amounted to SEK 437m (862).

January, September 2024

Net sales decreased by 1 percent to SEK 20,983m (21,213).

Gross profit grew by 1 percent to SEK 7,103m (7,015).

EBITDA rose by 5 percent to SEK 2,359m (2,256).

Adjusted EBITDA decreased by 2 percent to SEK 2,584m (2,642).

The loss after tax for the period was SEK -6,089m (-102).

Basic earnings per share were SEK -7.22 (-0.12) and diluted earnings per share were SEK -7.22 (-0.12).

Cash flow from operating activities amounted to SEK 2,039m (1,061).

Significant events during the quarter

Sinch updated it's leverage policy to: Net debt over time shall be ...