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SinchAB: Interim Report, January - June 2024
STOCKHOLM, July 19, 2024 /PRNewswire/ --
Stable performance and strong cash flow
April – June 2024
Net sales increased marginally to SEK 7,041m (7,021).
Gross profit increased by 3 percent to SEK 2,386m (2,322).
EBITDA rose by 11 percent to SEK 792m (715).
Adjusted EBITDA increased slightly to SEK 867m (865).
Profit after tax for the quarter was SEK 95m (-70).
Basic earnings per share were SEK 0.11 (-0.08) and diluted earnings per share were SEK 0.11 (-0.08).
Cash flow from operating activities was SEK 1,049m (-13).
January – June 2024
Net sales decreased by 1 percent to SEK 13,833m (13,948).
Gross profit increased by 3 percent to SEK 4,698m (4,582).
EBITDA rose by 11 percent to SEK 1,560m (1,408).
Adjusted EBITDA decreased by 2 percent to SEK 1,661m (1,698).
Profit after tax for the period was SEK 5m (-148).
Basic earnings per share were SEK 0.01 (-0.18) and diluted earnings per share were SEK 0.01 (-0.18).
Cash flow from operating activities amounted to SEK 1,602m (199).
Significant events during the quarter
Sinch implemented new segment reporting and released restated historical segment reporting.
Sinch established ...