Sinch soars on Q4 adjusted EBITDA beat
13/02/2025 09:09
Feb 13 (Reuters) - ** Shares in Sinch SINCH.ST
jump more than 15% after the Swedish cloud services provider
reported a better than expected adjusted core profit for Q4
** J.P.Morgan says the Q4 adjusted EBITDA of SEK 1.00
billion exceeded consensus by 6.8%
** Sinch booked a SEK 700 million one-time non-income based
tax provision, which led to a Q4 net loss and may result in a
cash outflow, JPM notes
** This one-off is excluded from the adjusted figure
** "Sinch believes it can offset this tax impact going
forward by passing on the impact to clients," the broker adds
** If the gains hold, the shares will see their best day
since September 2024
(Reporting by Tomasz Kanik)
((Gdansk.newsroom@thomsonreuters.com))