Interim report
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Q3 Interim report , January - September 2021 July - September 2021 • Net sales increased by 122 percent to SEK 3,938m ( 1,778 ) . Organic growth in local currency was 41 percent . • Gross profit increased by 86 percent to SEK 896m ( 481 ) . Organic growth in local currency was 20 percent . Adjusted EBITDA¹ increased by 27 percent to SEK 298m ( 234 ) . • Adjusted EBIT2 amounted to SEK 270m ( 219 ) . • Profit after tax for the quarter amounted to SEK 266m ( 96 ) . • Basic earnings per share were SEK 0.37 ( 0.16 ) and diluted earnings per share were SEK 0.36 ( 0.16 ) . January - September 2021 Net sales increased by 118 percent to SEK 10,970m ( 5,024 ) . Organic growth in local currency was 42 percent . ● sinch • Gross profit increased by 86 percent to SEK 2,585m ( 1,388 ) . Organic growth in local currency was 25 percent . Adjusted EBITDA¹ increased by 39 percent to SEK 851m ( 611 ) . Adjusted EBIT2 amounted to SEK 768m ( 565 ) . • Profit after tax for the period amounted to SEK 454m ( 230 ) . Basic earnings per share were SEK 0.63 ( 0.38 ) and diluted earnings per share were SEK 0.62 ( 0.38 ) . ● " As in the previous quarters , we have continued to see broad - based growth across different customer segments and geographies . " - Oscar Werner , CEO Significant events during the quarter Sinch announced on 24 August the appointment of Christina Raaschou as Chief Human Resources Officer and member of the executive management team , as of 10 January 2022. Raaschou was most recently with H & M Group and has also had senior HR roles with Unilever and Ericsson . • Sinch informed the market on 22 September that it had entered into a binding agreement to acquire Messenger People , a leading German supplier of B2C conversational messaging software . The agreed consideration is EUR 48m on a cash and debt - free basis . Sinch will pay EUR 33.6m in cash and EUR 14.4m in the form of new shares in Sinch . • Sinch announced on 30 September that it had entered into a definitive agreement to acquire Pathwire , a leading cloud - based email delivery platform , including its Mailgun , Mailjet and Email on Acid products for developers and marketers . Sinch will pay the sellers cash consideration of USD 925m and 51 million new shares in Sinch . • It was also announced on 30 September that Sinch had executed a directed issue of 40.1 million shares that raised total subscription proceeds of approximately SEK 6.6 billion ( about USD 750m ) . The issue proceeds will be used to partially finance the acquisition of Pathwire . The subscription price was SEK 164.60 per share . On the same date , 30 September , Sinch issued a notice of an extraordinary general meeting of shareholders in Sinch AB to be held 26 October 2021 . Significant events after the end of the quarter • The extraordinary general meeting held 26 October resolved in favor of all board proposals . Sweden : +46 8 506 92 180 United Kingdom : +44 2071 928 000 United States : +1 631 510 7495 Access code : 698 7713 • Sinch has received all required regulatory approvals for the acquisition of MessageMedia , and will proceed with closing procedures in the near future . INTERIM REPORT JANUARY - SEPTEMBER 2021 • Sinch completed the acquisition of Messenger People on 1 November . Sinch paid EUR 33.6m in cash and EUR 14.4m in the form of 835,677 new shares in Sinch . The 835,677 shares were issued on the same day at a subscription price of SEK 171.78 per share . ¹ EBITDA before depreciation , amortization and impairments excluding items affecting comparability and adjustments . See Note 2 for a specification of items affecting comparability and adjustments . 2 EBIT excluding items affecting comparability , adjustments and depreciation and amortization of acquisition - related assets that do not give rise to cash flows . See Note 5 for a specification of depreciation and amortization . Invitation to phone conference Sinch will present the interim report in a webcast conference call on 2 November at 14:00 CET . Watch the presentation at investors.sinch.com/webcast or call and register a couple of minutes in advance . Page 1 of 31