Brief: Sinch Expects Transformation Efforts To Generate Gross Savings Of SEK 300 Mln, On A Run-Rate Basis, By End Of 2024

Sinch AB (publ)

15/02/2024 06:40

Feb 15 (Reuters) - Sinch AB (publ)  SINCH.ST :
    * SEQUENTIAL IMPROVEMENTS WE SAW EARLIER IN THE YEAR
CONTINUED
INTO Q4 WITH IMPROVED YEAR-ON-YEAR GROWTH RATES SHOWING MOST
CLEARLY IN OUR MESSAGING SEGMENT
    * INCREASED VOLUMES IN MARKETING-RELATED USE CASES AND
STRONG
GROWTH IN INDIA WERE TWO NOTABLE CONTRIBUTORS TO GROWTH
    * STILL FACE AN ADVERSE MACROECONOMIC ENVIRONMENT
    * TRANSACTION VOLUMES GENERATED BY OUR INSTALLED BASE OF
CUSTOMERS
REMAIN OUR MOST INFLUENTIAL NEAR-TERM REVENUE DRIVER
    * EMAIL AND SMB SEGMENTS CONTINUE TO PERFORM WELL
    * EXPECT TO INVEST SOME SEK 350 MILLION OVER THE COMING
THREE
YEARS TO AUTOMATE PROCESSES, STRENGTHEN OUR CAPABILITIES AND
STREAMLINE OUR CRM AND ERP SYSTEMS
    * WE EXPECT TRANSFORMATION EFFORTS TO GENERATE GROSS SAVINGS
OF
SEK 300 MILLION, ON A RUN-RATE BASIS, BY THE END OF 2024

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