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STOCKHOLM, Feb. 13, 2025 /PRNewswire/ --

Focused on the path ahead

October – December 2024

• Net sales increased by 3 percent to SEK 7,729m (7,532).

• Gross profit increased by 2 percent to SEK 2,582m (2,526).

• EBITDA declined by 63 percent to SEK 307m (818) and was negatively affected by a one-time charge for historical tax exposure of SEK 700m.

• Adjusted EBITDA increased by 1 percent to SEK 1,003m (996).

• Loss after tax for the quarter amounted to SEK -324m (145) and was negatively affected by a one-time charge for historical tax exposure of SEK 700m.

• Basic earnings per share were SEK -0.38 (0.17) and diluted earnings per share were SEK -0.38 (0.17).

• Cash flow from operating activities amounted to SEK 905m (727).

January – December 2024

• Net sales decreased marginally to SEK 28,712m (28,745).

• Gross profit increased by 2 percent to SEK 9,685m (9,542).

• EBITDA declined by 13 percent to SEK 2,665m (3,074) and was negatively affected by a one-time charge for historical tax exposure of SEK 700m in Q4.

• Adjusted EBITDA decreased by 1 percent to SEK 3,586m (3,637).

• Sinch reported a loss after tax of SEK -6,413m (42), an outcome that was negatively affected by an impairment of goodwill of SEK 6,000m in Q3 and a one-time charge for historical tax exposure of SEK 700m in Q4.

• Basic earnings per share were SEK -7.60 (0.05) and diluted earnings per share were SEK -7.60 (0.05).

• Cash flow from operating activities amounted to SEK 2,944m (1,788).

Significant events during the quarter

• Sinch announced new financial and sustainability targets. See page 7.

• Sinch held its first Capital Markets Day on 20 November. Materials from the day are available on Sinch's IR website.

• Juniper Research named Sinch an RCS Business Messaging Leader and Sinch reached 1bn sent RCS messages in 2024.

• Sinch completed the early redemption of the outstanding 2019/2024 bond of SEK 673m.

• Sinch announced that CFO Roshan Saldanha will be leaving Sinch in March 2025 for a similar position in another industry.

Significant events earlier this year

• Sinch's new operating model and organization became operational on 1 January 2024.

• Sinch was recognized as a 2024 Gartner Magic Quadrant Leader for CPaaS.

Significant events after the end of the quarter

• Sinch has appointed Jonas Dahlberg as new Chief Financial Officer. Jonas Dahlberg has a background from Transcom, Sweco and McKinsey and will start no later than 1 April 2025.

• Additionally, Thomas Heath, Sinch's Chief Strategy Officer, has decided to step down from his position from 1 April 2025.

• Sinch announced a partnership around network APIs with Aduna, a JV between Ericsson and leading telecom operators.

• Sinch has secured a new 2-year USD 100m loan from Danske Bank, with proceeds used to refinance existing loans.

• Sinch announced that the company has reassessed its position for historical non-income based taxes. Consequently, the company has recorded a one-time provision of SEK 700m during the fourth quarter since it is considered probable that a liability existed as per 31 December, 2024.