STOCKHOLM, May 7, 2024 /PRNewswire/ -- January–March 2024 Net sales decreased by 2 percent to SEK 6,792m (6,927). Gross profit increased by 2 percent to SEK 2,312m (2,260). EBITDA rose by 11 percent to SEK 768m (692). Adjusted EBITDA1 decreased by 5 percent to SEK 794m (834). The loss after tax for the quarter was SEK -90m (-78). Basic earnings per share were SEK -0.11 (-0.09) and diluted earnings per share were SEK -0.11 (-0.09). Cash flow from operating activities was SEK 553m (212). "Reigniting our growth with improved profitability is the key objective of the transformation work that we are now undertaking." – Laurinda Pang, CEO Significant events during the quarter The new operating model, organization and management team became operational on 1 January 2024. From this quarter, the financial reporting has been changed to reflect this change. The new operating segments consist of the three regions Americas, EMEA and APAC. In addition, a complementary view consisting of the three product categories Applications, API platform and Network Connectivity is reported. More info at sinch.com. Credit facilities that amounted to SEK 6,500m and USD ...