Sinch AB (publ): Interim Report January – September 2019
Interim Report January –
July –
- Net sales increased by 24 percent to
SEK 1,216.4 million (979.3). Organic growth in local currency was 20 percent. - Gross profit increased by 37 percent to
SEK 343.6 million (249.9). Organic growth in local currency was 33 percent. - Adjusted EBITDA2 increased by 55 percent to
SEK 147.6 million (95.4). - Adjusted EBIT3 amounted to
SEK 131.5 million (90.8). - Profit after tax for the quarter amounted to
SEK 68.7 million (37.8). - Diluted earnings per share were
SEK 1.27 (0.71).
January –
- Net sales increased by 23 percent to
SEK 3,494.9 million (2,835.3). Organic growth in local currency was 17 percent1. - Gross profit increased by 37 percent to
SEK 954.2 million (698.5). Organic growth in local currency was 27 percent1. - Adjusted EBITDA2 increased by 45 percent to
SEK 374.0 million (257.7). - Adjusted EBIT3 amounted to
SEK 337.9 million (240.7). - Profit after tax for the period amounted to
SEK 179.8 million (76.1). - Diluted earnings per share amounted to
SEK 3.34 (1.42).
”We have built our cloud communications platform for scale with the world’s most demanding customers in mind. This quarter, we are seeing the results of these efforts” –
Significant events after the quarter
- On 4 October, Sinch acquired 100 percent of the share capital in myElefant SAS. The company is based in
France and has developed a cloud-based software platform for mobile customer engagement. myElefant has pioneered the use of mobile landing pages and is an early adopter of new messaging technologies such as RCS, Facebook Messenger and WhatsApp. The initial purchase consideration amounts toEUR 18.8 million (SEK 203.3 million ). The purchase agreement provides for additional earnouts of maximumEUR 3 million based on gross profit growth. The acquisition was financed through Sinch’s available credit facilities. - On 23 October, Sinch acquired 100 percent of the share capital in TWW do
Brasil S.A. The company is the third largest messaging provider for enterprises inBrazil . TWW has more than 3,000 customers within the banking, retail and education sectors. The purchase consideration amounts toBRL 180.8 million (SEK 422.4 million ) on a cash and debt free basis. The acquisition was financed through Sinch’s available credit facilities.
1 Organic growth in local currency in comparable units. Unwire and Vehicle, two acquisitions that did not close until the end of
2 EBITDA excluding items affecting comparability. See page 3 for a specification of items affecting comparability.
3 EBIT excluding items affecting comparability and amortization of acquisition-related assets, which do not affect cash flow. See Note 4 for a specification of depreciation and amortization.
Invitation to phone conference
Sinch will present the interim report in a phone conference on 8 November at 09.00 CET. To participate in the phone conference, please call any of the following numbers and state the code 774 225 45#.
US: +1 631 913 14 22
Register here to watch the presentation via Webcast: investors.sinch.com/webcast.
For additional information, please contact:
+46 72 245 50 55
thomas.heath@sinch.com
+46 73 660 24 19
roshan.saldanha@sinch.com
About Sinch
Sinch develops digital tools that enable personal interaction between enterprises and individuals. Powered by our cloud communications platform, enterprises can reach every mobile phone on the planet - within a second or two - via messaging, voice calls and video. Several of the biggest enterprises in the world are using Sinch’s advanced technology platform to communicate with their customers and Sinch is an established software supplier to mobile operators worldwide. Sinch has delivered profitable growth since it was founded in 2008. The Group 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.