Brief: Sinch Q3 Results In Line With Preliminary Figures

Sinch AB (publ)

02/11/2022 06:37

Nov 2 (Reuters) - Sinch AB (publ)  SINCH.ST :
    * Q3 NET SALES SEK 7,196 MILLION VERSUS PRELIM SEK 7,196
MILLION
ANNOUNCED ON OCT. 20
    * Q3 GROSS PROFIT SEK  2,361 MILLION VERSUS PRELIM SEK 2,361
MILLION ANNOUNCED ON OCT. 20
    * Q3 ADJUSTED. EBITDA SEK 901 MILLION VERSUS PRELIM SEK 901
MILLION ANNOUNCED ON OCT. 20
    * CEO: IN PAST YEAR WE SAW COSTS GROW FASTER THAN REVENUES,
CAUSING MARGINS TO ERODE COMPARED TO OUR HISTORICAL PERFORMANCE
    * CEO: OUR FINANCIAL RESULTS SHOW THAT WE ARE MAKING
PROGRESS WITH
HIGHER MARGINS AND IMPROVED GROWTH IN BOTH REVENUE AND GROSS
PROFIT
    * CEO: WE STILL NEED TO DELIVER ON OUR COST REDUCTION
PROGRAM, AND
BE PREPARED FOR THAT A TOUGHER ECONOMIC ENVIRONMENT COULD WEIGH
DOWN PERFORMANCE AHEAD

Source text for Eikon:  ID:nGNE80kj0W 
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