Stockholm, Sweden – October 20, 2022 – Sinch AB (publ), a world chief in cloud communications and cell buyer engagement, right now announces preliminary results for the third quarter 2022 and the end result of its goodwill impairment check. Sinch discloses this info for the reason that firm considers it to considerably deviate from present market expectations.
Results
Sinch discloses the next preliminary and non-audited results of the third quarter:
| SEKm | Q3 | Q3 | Jan-sept | Jan-sept | ||
| 2022 | 2021 | 2022 | 2021 | 2021 | R12M | |
| Net gross sales | 7,196 | 3,938 | 20,361 | 10,970 | 16,177 | 25,568 |
| Gross revenue | 2,361 | 896 | 6,394 | 2,585 | 3,933 | 7,742 |
| Gross margin | 33% | 23% | 31% | 24% | 24% | 30% |
| EBITDA | 808 | 157 | 1,984 | 501 | 831 | 2,314 |
| EBITDA margin | 11% | 4% | 10% | 5% | 5% | 9% |
| Adjusted EBITDA | 901 | 298 | 2,165 | 851 | 1,322 | 2,636 |
| Adjusted EBITDA margin | 13% | 8% | 11% | 8% | 8% | 10% |
Goodwill impairment
Sinch recurrently assesses goodwill and has performed an impairment check when finalizing results for the third quarter. The impairment check has resulted in a complete impairment cost of SEK 5,000 million.
The cost pertains to Pathwire, an organization which was acquired by Sinch in 2021 and which has since been reported as a separate Email phase. This impairment cost will affect Sinch’s third quarter revenue assertion, however doesn’t have an effect on money circulate.
Third quarter report
Sinch is presently within the silent interval previous the third quarter report. The full report will, as beforehand introduced, be disclosed on November 2, 07.30 CET. A webcast will happen 14.00 CET. See traders.sinch.com for extra info.
For extra info, please contact
Ola Elmeland
Investor Relations Director
Mobile: +46 721 43 34 59
E-mail: [email protected]
Thomas Heath
Chief Strategy Officer & Head of Investor Relations
Mobile: +46 722 45 50 55
E-mail: [email protected]
About Sinch
Sinch’s main cloud communications platform lets companies attain everybody on the planet, in seconds or much less, by way of cell messaging, e mail, voice and video. More than 150,000 companies, together with most of the world’s largest firms and cell operators, use Sinch’s superior know-how platform to have interaction with their prospects. Sinch has been worthwhile and fast-growing since its basis in 2008. It is headquartered in Stockholm, Sweden, and has native presence in additional than 60 nations. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.
This info is info that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The info was submitted for publication, by way of the contact particular person set out above, at 19.30 CEST on October 20, 2022.
- 20221020_Sinch_preannouncement_ENG
