Brief: Cint Reports Lower Than Expected Q4 Sales

Cint AB (publ)

02/02/2023 21:52

Feb 2 (Reuters) - Cint Q4 sales EUR 80.3 million.
* Q4 gross margin 60.6%
* Q4 adjusted EBITDA margin 16.8%
* Q4 adjusted EBITDA EUR 13.5 million
* Says ongoing macroeconomic factors continued to make many clients cautious
about initiating new projects; this trend was noticeable across almost all
geographies, business segments and customers
* Says saw higher reversal rates than in previous quarters