Interim Report January – June 2022

April – June 2022

• Net sales increased by 80 percent to SEK 6,615m (3,682).
• Gross profit increased by 123 percent to SEK 1,937m (869). A reassessment of reserves for accrued traffic costs in Messaging affects gross profit negatively by SEK 162m.
• EBITDA rose by 247 percent to SEK 528m (152).
• Adjusted EBITDA¹ increased by 77 percent to SEK 503m (284).
• The loss after tax for the quarter was SEK -40m (47).
• Basic earnings per share were SEK -0.05 (0.07) and diluted earnings per share were SEK -0.05 (0.07).
• Cash flow from operating activities amounted to SEK 668m (-240).

January – June 2022

• Net sales increased by 87 percent to SEK 13,164m (7,032).
• Gross profit increased by 139 percent to SEK 4,033m (1,689). A reassessment of reserves for accrued traffic costs in Messaging affects gross profit negatively by SEK 162m. 
• EBITDA rose by 242 percent to SEK 1,176m (344).
• Adjusted EBITDA¹ increased by 129 percent to SEK 1,264m (552).
• Profit after tax for the period was SEK 48m (188).
• Basic earnings per share were SEK 0.06 (0.28) and diluted earnings per share were SEK 0.06 (0.28).
• Cash flow from operating activities amounted to SEK 809m (347).

“To ensure that Sinch meets its financial target to grow Adjusted EBITDA per share by 20 percent per year, Sinch has initiated a cost reduction program aimed at gross savings of 10 percent gross in Messaging and central functions with full effect from Q3 2023.”     – Johan Hedberg, Interim CEO

Significant events during the quarter

Significant events after the end of the quarter

Invitation to webcast and phone conference

Sinch will present the interim report in a webcast and phone conference on Thursday, 21 July at 14:00 CEST. Watch the presentation at investors.sinch.com/webcast or call and register a couple of minutes in advance.

Sweden: +46 856 642 651
United Kingdom: +44 333 300 0804
USA: +1 631 913 1422
Access code: 4619 8709#

¹Adjusted EBITDA is reported to clarify performance in underlying operations. See Note 2.

For further information, please contact

Ola Elmeland
Investor Relations
Mobile: +46 721 43 34 59
E-mail: investors@sinch.com

Thomas Heath
Chief Strategy Officer & Head of Investor Realtions
Mobile: +46 722 45 50 55
E-mail: investors@sinch.com

Roshan Saldanha
Chief Financial Officer
Mobile: +46 73 660 24 19
E-mail: investors@sinch.com

About Sinch

Sinch’s leading cloud communications platform lets businesses reach everyone on the planet, in seconds or less, through mobile messaging, email, voice and video. More than 150,000 businesses, including many of the world’s largest companies and mobile operators, use Sinch’s advanced technology platform to engage with their customers. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 50 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.

Sinch AB (publ) is required to publish the information in this interim report pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was released for publication by the contact person above on 21 July 2022 at  07:30 CEST.

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. This report has not been subject to review by the company’s independent auditor.

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