{"id":23179,"date":"2023-11-07T15:10:00","date_gmt":"2023-11-07T15:10:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4261066_AE61066_0"},"modified":"2023-11-07T15:10:00","modified_gmt":"2023-11-07T15:10:00","slug":"correction-interim-report-january-september-2023","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=23179","title":{"rendered":"Correction: Interim report, January-September 2023"},"content":{"rendered":"\n<p><span class=\"xn-location\">STOCKHOLM<\/span>, <span class=\"xn-chron\">Nov. 7, 2023<\/span> \/PRNewswire\/ &#8212; <i>Re-submitting to include MAR disclaimer in press release footer. There is no change to the attached report.&nbsp;&nbsp;<\/i><\/p>\n<p><b>July\u2013September 2023<\/b><\/p>\n<ul type=\"disc\">\n<li>Net sales increased by 1 percent to <span class=\"xn-money\">SEK 7,265m<\/span> (7,196).&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<\/li>\n<li>Gross profit increased by 3 percent to <span class=\"xn-money\">SEK 2,433m<\/span> (2,361).<\/li>\n<li>EBITDA rose by 5 percent to <span class=\"xn-money\">SEK 848m<\/span> (808).<\/li>\n<li>Adjusted EBITDA<sup>1<\/sup> increased by 5 percent to <span class=\"xn-money\">SEK 943m<\/span> (901).<\/li>\n<li>Profit after tax for the quarter was <span class=\"xn-money\">SEK 46m<\/span> (-4,765).<\/li>\n<li>Basic earnings per share were <span class=\"xn-money\">SEK 0.05<\/span> (-5.69) and diluted earnings per share were <span class=\"xn-money\">SEK 0.05<\/span> (-5.69).<\/li>\n<li>Cash flow from operating activities was <span class=\"xn-money\">SEK 862m<\/span> (727).<\/li>\n<\/ul>\n<p><b>January\u2013September 2023<\/b><\/p>\n<ul type=\"disc\">\n<li>Net sales increased by 4 percent to <span class=\"xn-money\">SEK 21,213m<\/span> (20,361).<\/li>\n<li>Gross profit increased by 10 percent to <span class=\"xn-money\">SEK 7,015m<\/span> (6,394).<\/li>\n<li>EBITDA rose by 14 percent to <span class=\"xn-money\">SEK 2,256m<\/span> (1,984).<\/li>\n<li>Adjusted EBITDA<sup>1<\/sup> increased by 22 percent to <span class=\"xn-money\">SEK 2,642m<\/span> (2,165).<\/li>\n<li>The loss after tax for the period was <span class=\"xn-money\">SEK -102m<\/span> (-4,717).<\/li>\n<li>Basic earnings per share were <span class=\"xn-money\">SEK -0.12<\/span> (-5.81) and diluted earnings per share were <span class=\"xn-money\">SEK -0.12<\/span> (-5.81).<\/li>\n<li>Cash flow from operating activities was <span class=\"xn-money\">SEK 1,061m<\/span> (1,535).<\/li>\n<\/ul>\n<p><b>&quot;With stable margins and strong cash flow, we can again turn our focus towards growth .&quot;<\/b><b><br \/><b>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;\u2013 <span class=\"xn-person\">Laurinda Pang<\/span>, CEO<\/b><\/b><\/p>\n<p><b>Significant events during the quarter<\/b>&nbsp;&nbsp;<\/p>\n<ul type=\"disc\">\n<li>Sinch was named as a leader in the first-ever Gartner <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=1660682751&amp;u=https%3A%2F%2Fwww.sinch.com%2Finsights%2Freport%2Fsinch-named-leader-for-cpaas-gartner-magic-quadrant-2023%2F&amp;a=Magic+Quadrant+for+CPaaS\" target=\"_blank\" rel=\"nofollow noopener\">Magic Quadrant for CPaaS<\/a>.<\/li>\n<li>Sinch MessageMedia announced that two-way SMS capabilities have been integrated with Zoho Desk and the HubSpot Service Hub.<\/li>\n<li>Sinch partnered with the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=38096375&amp;u=https%3A%2F%2Finvestors.sinch.com%2Fpress-releases&amp;a=American+Automobile+Association\" target=\"_blank\" rel=\"nofollow noopener\">American Automobile Association<\/a> to develop a new service that makes it possible for AAA members in need of road assistance to use satellite connections for chat services when they are out of cellular range.<\/li>\n<li>Sinch launched a new product for Elastic SIP Trunking that is now available in an open beta version. A complement to existing Sinch voice services, the product allows business customers to easily buy flexible voice capacity via sinch.com.<\/li>\n<\/ul>\n<p><b>Significant events earlier this year &nbsp; <\/b>&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/p>\n<ul type=\"disc\">\n<li>On <span class=\"xn-chron\">January 12, 2023<\/span>, credit facilities of <span class=\"xn-money\">SEK 6,500m<\/span> and <span class=\"xn-money\">USD 110m<\/span> were extended by one year. The new maturity date is <span class=\"xn-chron\">February 2026<\/span>.<\/li>\n<li>Sinch launched &quot;<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=3243341274&amp;u=https%3A%2F%2Finvestors.sinch.com%2Fsv%2Fnews-releases%2Fnews-release-details%2Fsinch-announces-operator-connect-partners&amp;a=Operator+Connect+for+Partners\" target=\"_blank\" rel=\"nofollow noopener\">Operator Connect for Partners<\/a>&quot; on 23 March, which makes it possible for service providers and other partners to offer voice calling services via Microsoft Teams.<\/li>\n<li>It was announced on <span class=\"xn-chron\">May 25<\/span> that Sinch was named a leader in <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=1158947979&amp;u=https%3A%2F%2Fwww.sinch.com%2Finsights%2Fexcerpt%2Fsinch-named-leader-idc-marketscape-2023%2F&amp;a=IDC+MarketScape+for+CPaaS.\" target=\"_blank\" rel=\"nofollow noopener\">IDC MarketScape for CPaaS.<\/a><\/li>\n<li>The cost reduction program that was announced in mid-2022 achieved the announced reduction targets in Q2 2023.<\/li>\n<\/ul>\n<p><b>Significant events earlier this year &nbsp;<\/b> &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/p>\n<ul type=\"disc\">\n<li>Sinch announced a new operating model to accelerate its organic growth. The new model increases the focus on customers, unlocks cross- and upselling, and leverages the company&#8217;s global scale in Product and R&amp;D. Implementation of the new model implies thorough integration of multiple acquired entities into joint organizations so that efficiency gains and cost synergies can be reinvested into initiatives that drive growth. See the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=2493924417&amp;u=https%3A%2F%2Finvestors.sinch.com%2Fpress-releases&amp;a=press+release\" target=\"_blank\" rel=\"nofollow noopener\">press release<\/a> for more information.<\/li>\n<\/ul>\n<p>1) Adjusted EBITDA is reported to clarify performance in underlying operations. See Note 2.<\/p>\n<p><b>Invitation to webcast and phone conference<\/b><\/p>\n<p>Sinch will present the interim report in a webcast and phone conference on Tuesday, <span class=\"xn-chron\">7 November 2023<\/span> at <span class=\"xn-chron\">14:00 CET<\/span>. Watch the presentation at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=2185605256&amp;u=https%3A%2F%2Finvestors.sinch.com%2Fwebcast&amp;a=investors.sinch.com%2Fwebcast\" target=\"_blank\" rel=\"nofollow noopener\">investors.sinch.com\/webcast<\/a>.<\/p>\n<p>To participate via phone conference, register using the following link: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=3983314909&amp;u=https%3A%2F%2Fconference.financialhearings.com%2Fteleconference%2F%3Fid%3D2001051&amp;a=https%3A%2F%2Fconference.financialhearings.com%2Fteleconference%2F%3Fid%3D2001051\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/conference.financialhearings.com\/teleconference\/?id=2001051<\/a>.<br \/>After you register, you will be given a phone number and conference ID to log into the conference.<\/p>\n<p><b>For additional information, please contact:<\/b><\/p>\n<p>Ola Elmeland, Investor Relations<br \/>+46 72&nbsp;143 34 59<br \/><a href=\"mailto:investors@sinch.com\" target=\"_blank\" rel=\"nofollow noopener\">investors@sinch.com<\/a><\/p>\n<p><span class=\"xn-person\">Thomas Heath<\/span>, Chief Strategy Officer and Head of Investor Relations<br \/>+46&nbsp;72 245 50 55<br \/><a href=\"mailto:investors@sinch.com\" target=\"_blank\" rel=\"nofollow noopener\">investors@sinch.com<\/a><\/p>\n<p><span class=\"xn-person\">Roshan Saldanha<\/span>, Chief Financial Officer<br \/>+46 73 660 24 19<br \/><a href=\"mailto:investors@sinch.com\" target=\"_blank\" rel=\"nofollow noopener\">investors@sinch.com<\/a><\/p>\n<p><b>About&nbsp;Sinch<\/b><\/p>\n<p>Sinch helps businesses engage with their customers through cloud services for customer communications. More than 150,000 customers, including many of the biggest tech companies in the world, use the Sinch Customer Communications Cloud and the secure and reliable Sinch Supernet for messaging, voice calls and email. Sinch has delivered profitable growth since the company was founded in 2008. The company is headquartered in <span class=\"xn-location\">Stockholm, Sweden<\/span> and its stock is traded on Nasdaq Stockholm: XSTO:SINCH.<\/p>\n<p><i>Note: Sinch AB (publ) is required to publish the information in this interim report pursuant to the EU Market Abuse Regulation. The information was released for publication by the contact person above on <span class=\"xn-chron\">7 November 2023<\/span> at <span class=\"xn-chron\">07:30 CET<\/span>. It was re-submitted at <span class=\"xn-chron\">15:30 CET<\/span>.<\/i><\/p>\n<p><i>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.<\/i><\/p>\n<p><b>CONTACT: <\/b><\/p>\n<p><b>Ola Elmeland <\/b><br \/>Investor Relations <br \/><a href=\"mailto:Directorinvestors@sinch.com\" target=\"_blank\" rel=\"nofollow noopener\">Directorinvestors@sinch.com<\/a><\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4018848-1&amp;h=901373098&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F22250%2F3871105%2F2413960.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F22250%2F3871105%2F2413960.pdf\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow noopener\">https:\/\/mb.cision.com\/Main\/22250\/3871105\/2413960.pdf<\/a><\/span><\/p>\n<\/td>\n<td class=\"prngen1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\">Sinch_2023Q3_ENG<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STOCKHOLM, Nov. 7, 2023 \/PRNewswire\/ &#8212; Re-submitting to include MAR disclaimer in press release footer. There is no change to the attached report.&nbsp;&nbsp; July\u2013September 2023 Net sales increased by 1 percent to SEK 7,265m (7,196).&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Gross profit increased by 3 percent to SEK 2,433m (2,361). EBITDA rose by 5 percent [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-23179","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Correction: Interim report, January-September 2023 - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=23179\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction: Interim report, January-September 2023 - My Blog\" \/>\n<meta property=\"og:description\" content=\"STOCKHOLM, Nov. 7, 2023 \/PRNewswire\/ &#8212; Re-submitting to include MAR disclaimer in press release footer. There is no change to the attached report.&nbsp;&nbsp; July\u2013September 2023 Net sales increased by 1 percent to SEK 7,265m (7,196).&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Gross profit increased by 3 percent to SEK 2,433m (2,361). 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