Picture of Sinch AB (publ) logo

SINCH — Sinch AB (publ) News Story

0.000.00%
se flag iconLast trade - 00:00
TechnologySpeculativeMid CapNeutral

Sweden's Sinch Q2 sales, adjusted EBITDA beat on growth in Americas

Sweden's Sinch Q2 sales, adjusted EBITDA beat on growth in Americas


Overview

  • Sweden communications platform's Q2 net sales rose 6% organically, beating analyst expectations

  • Adjusted EBITDA for Q2 beat analyst expectations

  • Company cancelled 7.2% of issued shares after AGM approval


Outlook

  • Sinch did not provide specific guidance or forecasts for the current or upcoming periods


Result Drivers

  • AMERICAS GROWTH - Organic revenue growth was led by the Americas, which also delivered strong organic gross profit growth, per acting CEO Jonas Dahlberg

  • APAC CHALLENGES - Performance in APAC was affected by temporary headwinds and continued operational challenges in India, according to acting CEO Jonas Dahlberg

  • CURRENCY EFFECTS - Currency effects had a negative impact of 2% on net sales and 3% on gross profit


Company press release: ID:nWkr9cJ7Hy


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Sales

Beat

SEK 6.87 bln

SEK 6.55 bln (7 Analysts)

Q2 Adjusted EBITDA

Beat

SEK 858 mln

SEK 839.40 mln (7 Analysts)

Q2 EBITDA

SEK 824 mln

Q2 Gross Profit

SEK 2.30 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for Sinch AB (publ) is SEK40.00, about 2.4% above its July 21 closing price of SEK39.08

  • The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 31 three months ago


Reuters Recommended Reads

  • July 21 - Sweden's Alfa Laval Q2 sales rise 6%, beat estimates

  • July 21 - Sweden's MTG Q2 adjusted EBITDA tops estimates on casual games scaling

  • July 21 - Austria's EuroTeleSites Q2 revenue rises, helped by third-party tenant growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Sinch AB (publ)

See all news