Sinch AB (publ) (OTCPK:CLCMF) Q3 2024 Earnings Conference Call November 6, 2024 8:00 AM ET
Company Participants
Thomas Heath – Chief Strategy Officer & Head of Investor Relations
Laurinda Pang – Chief Executive Officer
Roshan Saldanha – Chief Financial Officer
Conference Call Participants
Erik Lindholm-Röjestål – SEB
Predrag Stevanović – Carnegie
Akhil Dattani – JPMorgan
Viktor Högberg – Danske Bank
Stefan Gauffin – DNB
Daniel Thorsson – ABG Sundal Collier
Daniel Djurberg – Handelsbanken
Thomas Nilsson – Nordea
Laura Metayer – Morgan Stanley
Deepshikha Agarwal – Goldman Sachs
Justin Funnell – Nextgen
Thomas Heath
[Call starts abruptly]
Thank you, operator. Welcome, everyone, to this Q3 Earnings Call with Sinch AB. My name is Thomas Heath. I’m Chief Strategy Officer. And with me today, I have our CEO, Laurinda Pang; and our CFO, Roshan Saldanha.
And with those opening remarks, I want to hand the word over to Laurinda.
Laurinda Pang
Thanks, Thomas and good afternoon, everyone. Thanks for joining us today.
Let’s briefly look at Slide 2. Sinch is pioneering the way the world communicates. Our Customer Communications Cloud enables businesses throughout the world to reach, connect and engage with their customers to break through the noise and interact through mobile messaging, voice calling and e-mail. We handle more than 800 billion unique customer interactions per year for more than 150,000 businesses across the world. Over the last 12 months, we generated SEK28.5 billion in net sales, SEK9.6 billion in gross profit and SEK3.6 billion in adjusted EBITDA.
Let’s move to Slide 3, please, where we summarize some of the key financial highlights. Overall, I would describe our performance as stable. Gross profit grew 1% in the quarter organically in constant currencies, with a similar gross margin compared to Q3 last year. We recorded an EBITDA margin of 11% and an adjusted EBITDA margin of 13%. This outcome matches the
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