Gross profit, EBITDA misses weigh on Sinch shares

Sinch AB (publ)

22/07/2026 08:26

** Shares in Sinch SINCH.ST slump around 9% after the Swedish cloud communications company's Q2 report missed profit expectations
** J.P. Morgan says Q2 was "mixed" with a large revenue beat overshadowed by gross profit and EBITDA misses
** Q2 gross profit of SEK 2.30 bln ($236.80 mln) and adj EBITDA of SEK 858 mln come in 1.6% and 1.9% below consensus cited by JPM
** While Americas performed well with organic revenues +9% and gross profit +10%, the overall performance was diluted by EMEA gross profit -4%  and a "dramatic" decline in APAC of 18%
** Today's losses wipe off  about 2.7 billion Swedish crowns from the company's market cap
** Sinch shares are on track for their worst day since February
** Up to the previous session's close, the stock was up 24.2%​ YTD
     
($1 = 9.7127 Swedish crowns)

(Reporting by Izabela Niemiec)
((izabela.niemiec@thomsonreuters.com))