New loss for Sinch – but better than expected

Cloud service company Sinch reports a loss before tax of 333 million kronor for the fourth quarter of 2024. This can be compared to the loss of 26 million kronor during the corresponding quarter a year earlier.

Net sales increased to 7.7 billion kronor, up from 7.5 billion.

The adjusted operating result increased marginally to 1,003 million kronor, up from 996 million. Analysts had on average expected a slight decline in that line of the report, to 923 million kronor, according to a compilation of forecasts made by Bloomberg.

The sales were also slightly higher than expected.