Sinch AB : Year-end report January - December 2023
- Net sales increased by 2 percent to
SEK 7,532m (7,361). - Gross profit increased by 5 percent to
SEK 2,526m (2,416). - EBITDA rose by 3 percent to
SEK 818m (791). - Adjusted EBITDA1 increased by 4 percent to
SEK 996m (960). - Profit after tax for the quarter amounted to
SEK 145m (-226). - Basic earnings per share were
SEK 0.17 (-0.27) and diluted earnings per share wereSEK 0.17 (-0.27). - Cash flow from operating activities amounted to
SEK 727m (973).
January –
- Net sales increased by 4 percent to
SEK 28,745m (27,722). - Gross profit increased by 8 percent to
SEK 9,542m (8,810). - EBITDA rose by 11 percent to
SEK 3,074m (2,774). - Adjusted EBITDA increased by 16 percent to
SEK 3,637m (3,124). - Profit after tax for the year was
SEK 42m (-4,943). - Basic earnings per share were
SEK 0.05 (-6.03) and diluted earnings per share wereSEK 0.05 (-6.03). - Cash flow from operating activities amounted to
SEK 1,788m (2,508).
"The fourth quarter marks a robust end to the year with consistently healthy margins, strong cash generation and improved growth in revenue and gross profit." –
Significant events during the quarter
- Sinch announced a new operating model to accelerate its organic growth. See the press release for more information.
- Research firm Omdia named Sinch a Leader in the Omdia Universe: CPaaS Platform Providers.
- Sinch has committed to short-term and long-term emission reductions in line with science-based net zero and the Science Based Targets initiative (SBTi). By joining SBTi, Sinch will ensure that its climate action is aligned with the latest science aimed at limiting the global temperature rise to 1.5 °C.
- Credit facilities of
SEK 1,500m were extended in December by one year. The new maturity date isFebruary 2025 .
Significant events earlier this year
- In
January 2023 , credit facilities ofSEK 6,500m andUSD 110m were extended by one year and will mature inFebruary 2026 . - Sinch launched "Operator Connect for Partners" on 23 March, which makes it possible for service providers and other partners to offer voice calling services via Microsoft Teams.
-
Laurinda Pang took the helm as the new CEO on 17 April. - Sinch was positioned as a leading CPaaS provider during the year in the IDC MarketScape report and in Gartner's first Magic Quadrant report for CPaaS.
- The cost reduction program announced in mid-2022 achieved the stated savings targets in Q2 2023 and was completed in Q3.
Important events after the end of the year
- The new organization and management team went operational on
1 January 2024 . - In January, credit facilities that amounted to
SEK 6,500m andUSD 110m at the end of the year were extended by one year. The new maturity date isFebruary 2027 .
1) Adjusted EBITDA is reported to clarify performance in underlying operations. See Note 2
Invitation to webcast and phone conference
Sinch will present the interim report in a webcast and phone conference on Thursday, 15 February at
Follow the link below to register to participate via phone conference: https://conference.financialhearings.com/teleconference/?id=5009898.
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 helps businesses engage with their customers through cloud services for customer communications. More than 150,000 customers, including many of the biggest tech companies in the world, use the Sinch Customer Communications Cloud and the secure and reliable Sinch Supernet for messaging, voice calls and email. Sinch has delivered profitable growth since the company was founded in 2008. The company 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.
The following files are available for download:
Year end report_Sinch_2023Q4_ENG |
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