Sinch rallies on Q1 beats

Sinch AB (publ)

08/05/2025 08:45

** Shares in Sinch SINCH.ST are up 16% after the group posted revenue and profit beats for the first quarter

** The Swedish cloud services provider reported adjusted EBITDA of SEK 889 million ($91.72 million), 20% ahead of IBES estimate

** The group's revenues of SEK 7.05 billion exceeded IBES estimate by 1.7%

** "We expect the shares to rally on the back of today's broad based beats", J.P. Morgan says

** Sinch says it has not experienced negative impact from the economic uncertainty, nor was it affected by U.S. tariffs since they do not cover services

** Shares are on track for best day since February

($1 = 9.6922 Swedish crowns)

 (Reporting by Anna Chaberska)

 ((Anna.chaberska@thomsonreuters.com;))