SINCH SINCH AB

Change in the number of shares and votes in Sinch AB (publ)

Change in the number of shares and votes in Sinch AB (publ)

Stockholm, Sweden – 28 April 2023 – Sinch AB (publ), which powers meaningful conversations between businesses and their customers through its Customer Communications Cloud, today announced that the number of shares and votes in Sinch AB (publ), registration number 556882-8908 (“Sinch”), amounts to 839,622,828 on 28 April 2023.

The change in the number of shares and votes in April is a result of 1,020,580 new shares issued upon exercise of warrants within the frame of incentive programs LTI 2018 and LTI 2019.

For further information, please contact

Ola Elmeland

Investor Relations Director

Mobile: 9

E-mail:

Thomas Heath

Chief Strategy Officer & Head of Investor Relations

Mobile: 5

E-mail:

About Sinch

Sinch powers meaningful conversations between businesses and their customers through its Customer Communications Cloud. More than 150,000 businesses – including many of the world’s largest tech companies – rely on Sinch and its global super network, which is the most secure and reliable network for messaging, voice and email. Sinch has been profitable and fast-growing since it was founded in 2008. It is headquartered in Stockholm, Sweden, with shares traded at NASDAQ Stockholm: XSTO:SINCH. Learn more at sinch.com. Learn more at .

This information is information that Sinch AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act (1991:980). The information was submitted for publication, through the agency of the contact person set out above, at 17:35 CEST on 28 April 2023.

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EN
28/04/2023

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Reports on SINCH AB

Stefan Gauffin
  • Stefan Gauffin

Sinch (Buy, TP: SEK45.00) - Looking for stability

We expect Q2 results (due at 07:30 CET on 19 July) to be similar to Q1’s, and forecast 4% organic gross profit growth (3% in Q1). We are largely in line with consensus on sales, gross profit and EBITDA, and estimate stable cash-flow generation of SEK400m. We reiterate our BUY and SEK45 target price.

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Simon Granath
Stefan Gauffin
  • Stefan Gauffin

Sinch (Buy, TP: SEK45.00) - 10% EFCF yield attractive

Q1 again disappointed on growth; organic gross profit growth was only 3% YOY, a level management expects to maintain throughout 2024. However, we believe Sinch is valued as a company without growth and see the current valuation offering good risk/reward. We reiterate our BUY, but have cut our target price to SEK45 (52).

ABGSC IT Research ... (+3)
  • ABGSC IT Research
  • Daniel Thorsson
  • Simon Granath

Out of fashion, and Q1 didn't change it

Rare 7% adj. EBITDA miss in Q1 reduces estimates by 2-4%. We still expect to see improved growth rates ahead, and argue that valuation is far too low in that case: BUY.

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