Sinch AB (publ): Interim Report January – September 2019
Interim Report January – September 2019
July – September 2019
- Net sales increased by 24 percent to SEK 1,216.4 million (979.3). Organic growth in local currency was 20 percent.
- Gross profit increased by 37 percent to SEK 343.6 million (249.9). Organic growth in local currency was 33 percent.
- Adjusted EBITDA2 increased by 55 percent to SEK 147.6 million (95.4).
- Adjusted EBIT3 amounted to SEK 131.5 million (90.8).
- Profit after tax for the quarter amounted to SEK 68.7 million (37.8).
- Diluted earnings per share were SEK 1.27 (0.71).
January – September 2019
- Net sales increased by 23 percent to SEK 3,494.9 million (2,835.3). Organic growth in local currency was 17 percent1.
- Gross profit increased by 37 percent to SEK 954.2 million (698.5). Organic growth in local currency was 27 percent1.
- Adjusted EBITDA2 increased by 45 percent to SEK 374.0 million (257.7).
- Adjusted EBIT3 amounted to SEK 337.9 million (240.7).
- Profit after tax for the period amounted to SEK 179.8 million (76.1).
- Diluted earnings per share amounted to SEK 3.34 (1.42).
”We have built our cloud communications platform for scale with the world’s most demanding customers in mind. This quarter, we are seeing the results of these efforts” – Oscar Werner, CEO
Significant events after the quarter
- On 4 October, Sinch acquired 100 percent of the share capital in myElefant SAS. The company is based in France and has developed a cloud-based software platform for mobile customer engagement. myElefant has pioneered the use of mobile landing pages and is an early adopter of new messaging technologies such as RCS, Facebook Messenger and WhatsApp. The initial purchase consideration amounts to EUR 18.8 million (SEK 203.3 million). The purchase agreement provides for additional earnouts of maximum EUR 3 million based on gross profit growth. The acquisition was financed through Sinch’s available credit facilities.
- On 23 October, Sinch acquired 100 percent of the share capital in TWW do Brasil S.A. The company is the third largest messaging provider for enterprises in Brazil. TWW has more than 3,000 customers within the banking, retail and education sectors. The purchase consideration amounts to BRL 180.8 million (SEK 422.4 million) on a cash and debt free basis. The acquisition was financed through Sinch’s available credit facilities.
1 Organic growth in local currency in comparable units. Unwire and Vehicle, two acquisitions that did not close until the end of March 2018, are included in the entire comparison period of January – September 2018 in order to calculate growth in comparable units.
2 EBITDA excluding items affecting comparability. See page 3 for a specification of items affecting comparability.
3 EBIT excluding items affecting comparability and amortization of acquisition-related assets, which do not affect cash flow. See Note 4 for a specification of depreciation and amortization.
Invitation to phone conference
Sinch will present the interim report in a phone conference on 8 November at 09.00 CET. To participate in the phone conference, please call any of the following numbers and state the code 774 225 45#.
Sweden: +46 (0) 8 566 426 51
UK: +44 (0) 333 300 08 04
US: +1 631 913 14 22
Register here to watch the presentation via Webcast: investors.sinch.com/webcast.
For additional information, please contact:
Thomas Heath, Chief Strategy Officer and Head of Investor Relations
+46 72 245 50 55
Roshan Saldanha, Chief Financial Officer
+46 73 660 24 19
Sinch develops digital tools that enable personal interaction between enterprises and individuals. Powered by our cloud communications platform, enterprises can reach every mobile phone on the planet - within a second or two - via messaging, voice calls and video. Several of the biggest enterprises in the world are using Sinch’s advanced technology platform to communicate with their customers and Sinch is an established software supplier to mobile operators worldwide. Sinch has delivered profitable growth since it was founded in 2008. The Group is headquartered in Stockholm, Sweden, and has a presence in more than 30 other countries. The share is listed on Nasdaq Stockholm: XSTO: SINCH.
Note: Sinch AB (publ) is required to publish the information in this interim report pursuant to the EU market abuse regulation. The information was submitted for publication on 8 November 2019 at 07.30 CET.
This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Prosafe SE: First quarter 2020 report – Adapting to a new reality26.5.2020 11:44:38 CEST | Press release
(Figures in brackets refer to the corresponding period of 2019) After several years of low activity across the industry, the company has presented a business plan and a restructuring proposal to lenders which – if approved as proposed – will result in a sustainable balance sheet. The revised business plan reflects a new reality in light of Covid-19, structural changes, oil price collapse, oversupply and anticipated impact on future activity and performance. Consequently, an impairment of USD 810.5 million was made to the book value of vessels in the quarter resulting in a negative book equity of USD 858.9 million by the end of the quarter. The company has sufficient liquidity of USD 184 million at the end of the quarter and continues to operate on a going concern basis on the assumption that there is justified hope to agree a sustainable financial solution with lenders. Recent highlights Prosafe implemented Covid-19 plans early to safeguard people and assets, and this has proven succes
Result of Riksbank reversed auctions SEK Municipal Bonds26.5.2020 11:30:00 CEST | Press release
Result of Riksbank reversed auctions SEK Municipal Bonds Results of auctions Municipal BondsAggregateAuction date5/26/2020Maturity2022Tendered volume, mln SEK750 +/- 750Volume offered, mln SEK1,600Volume bought, mln SEK100Number of bids4Number of accepted bids1Credit Class 1Maturity, QuarterQ1Maturity, QuarterQ2Maturity, QuarterQ3Maturity, QuarterQ4Volume Offered, mln SEK0Volume Offered, mln SEK0Volume Offered, mln SEK0Volume Offered, mln SEK0Volume bought, mln SEK0Volume bought, mln SEK0Volume bought, mln SEK0Volume bought, mln SEK0Number of bids0Number of bids0Number of bids0Number of bids0Number of accepted bids0Number of accepted bids0Number of accepted bids0Number of accepted bids0Average yield-Average yield-Average yield-Average yield-Lowest accepted yield-Lowest accepted yield-Lowest accepted yield-Lowest accepted yield-Highest yield-Highest yield-Highest yield-Highest yield-% accepted at lowest yield-% accepted at lowest yield-% accepted at lowest yield-% accepted at lowest yie
Result of Riksbank certificate sale26.5.2020 10:15:00 CEST | Press release
CERTIFICATE MATURITY200603 FIXED RATE0.00 %OFFERED VOLUME380.000 BLNTOTAL BID AMOUNT1322.350 BLNACCEPTED VOLUME 380.000 BLN PERCENTAGE ALLOTTED 28.7370 %NUMBER OF BIDS14 DEPOSIT RATE-0.10 %LENDING RATE0.20 %
CONDITIONS FOR SALE OF RIKSBANK CERTIFICATES MAY 26, 202026.5.2020 09:30:00 CEST | Press release
AUCTION DATE:MAY 26, 2020START DATE:MAY 27, 2020MATURITY DATE:JUN 3, 2020NOMINAL AMOUNT:380.0 BLNFIXED RATE:0.00 % PROJECTED LIQUIDITY SURPLUS FOR THE PERIOD MAY 27 - JUN 3 2020: 738.5 BLN SEK. AT FULL ALLOTMENT EXCESS LIQUIDITY WILL AMOUNT TO APPROXIMATELY 358.5 BLN SEK FOR THE PERIOD MAY 27 - JUN 3 2020. ALL MONETARY POLICY COUNTERPARTIES ARE INVITED TO SUBMIT BIDS TO THE RIKSBANK (08-6966970) BY 10.00 AM ON MAY 26 2020, AT THE LATEST. CONFIRMATION OF BIDS TO E-MAIL: RBCERT@riksbank.se THE LOWEST ACCEPTED BID VOLUME IS SEK 1 MLN. THE HIGHEST ACCEPTED BID VOLUME IS SEK 380.0 BLN. RESULT OF AUCTION WILL BE PUBLISHED AT 10.15 (CEST) ON MAY 26, 2020. COMPLETE TERMS AND CONDITIONS CAN BE RETRIEVED AT WWW.RIKSBANK.SE
ZetaDisplay launches technology partnership with Kastus26.5.2020 09:00:00 CEST | Press release
Malmö –ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) is launching a new partnership with Irish company Kastus® to provide its patented antimicrobial surface-coating technology . The new technology developed by Kastus® and soon to be integrated into the ZetaDisplay product portfolio has proven to be effective against surface bacteria on treated surfaces and can be applied to touchscreens and displays where multiple users will be sharing screens. Independent studies have shown that up to 99.99 per cent of surface bacteria and fungi including antibiotic-resistant superbugs such as MRSA and E. coli were blocked. Chief Commercial Officer of ZetaDisplay Laila Hede Jensen explains: “We are beginning to deploy solutions globally which are enabling retailers, offices and other shared spaces to mitigate risk for the teams and customers using them. A big area of concern are touchscreens and how they are better protected against transmitting surface bacteria. This new partnership enables us to re
ZetaDisplay lanserar teknologi partnerskap med Kastus26.5.2020 09:00:00 CEST | Pressemelding
Malmö –ZetaDisplay AB (publ) (Nasdaq Stockholm: ZETA) lanserar ett nytt partnerskap med det irländska företaget Kastus® för att tillhandahålla dess patenterade antimikrobiella ytbeläggningsteknik. Den nya tekniken som utvecklats av Kastus® och snart kommer att integreras i ZetaDisplays produktportfölj har visat sig vara effektiv mot bakterier på ytor och kan appliceras på pekskärmar och displayer där flera användare kommer att dela dessa. Oberoende studier har visat upp till 99,99 procent av bakterierna och svampar inklusive antibiotikaresistenta superbakterier som MRSA och E. coli blev blockerade på skärmen. Laila Hede Jensen, Chief Commercial Officer för ZetaDisplay, förklarar: "Vi är i startgropen för att distribuera lösningen globalt som gör det möjligt för handeln, kontor och andra offentliga platser att minska riskerna för medarbetare och besökare som använder dessa lokaler. Ett stort problemområde är pekskärmar och hur de kan skyddas bättre mot överföring av bakterier. Detta nya