Sinch AB : Year-end report January – December 2023

by

in

STOCKHOLM, Feb. 15, 2024 /PRNewswire/ — October – 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 were SEK 0.17 (-0.27).
Cash flow from operating activities amounted to SEK 727m (973).

January – December 2023

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 were SEK 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.”  – Laurinda Pang, CEO

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 …

Full story available on Benzinga.com


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *