Information Technology
Sinch announces new financial targets
By the end of 2027, Sinch targets to reach:
These targets replace the earlier target that "Growth in Adjusted EBITDA per share shall be at least 20 percent per year."
Additionally, Sinch has set a Net Zero emissions target for 2050, which is in line with the Science Based Targets initiative (SBTi). The company aims to achieve short- and long-term emission reductions in line with the 1.5°C goal of the Paris agreement.
Sinch is a profitable and cash-generative business. Excess cash generated by the company will be allocated to reduce debt, finance future acquisitions, and return cash to shareholders.
As previously communicated, Sinch's financial leverage policy is that:
The phrase 'over time' means that leverage may temporarily exceed 2.5 times adjusted EBITDA in the time period following an acquisition.
This leverage policy underlines Sinch's commitment to maintaining a strong financial position and supports the long-term financing strategy of the company.
Ola Elmeland
Investor Relations Director
Mobile: +46 721 43 34 59
E-mail: investors@sinch.com
Sinch is pioneering the way the world communicates. More than 175,000 businesses – including many of the world's largest tech companies – rely on Sinch's Customer Communications Cloud to improve customer experience through mobile 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 .
This information is information that Sinch AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was released for publication by the contact person above on 20 November, 2024 , at 10:00 CET.
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