Sinch Reports Lower Profit but Exceeds Expectations

The cloud service company Sinch reports an operating profit of 124 million kronor for the year's first quarter. This can be compared to 151 million kronor during the corresponding quarter last year.

» Published: May 08 2025 at 07:47

Sinch Reports Lower Profit but Exceeds Expectations
Photo: Anders Wiklund/TT

The net sales increased to over 7 billion kronor, up from 6.8 billion.

Both the result and sales were somewhat better than analysts on average had expected, according to Bloomberg.

"I am very pleased that this sales increase has led to organic growth of the gross result in all regions and product categories. The gross result increased by 4 percent, of which 2 percent organically, which is an improvement compared to the previous quarter", writes CEO Laurinda Pang in a comment.

She adds that the Trump administration's tariffs do not cover services and therefore do not have any direct impact on Sinch.

"On the other hand, the macroeconomic uncertainty affects the economy at large. In these uncertain times, Sinch continues to play a crucial role when it comes to supporting corporate customers", writes Pang.

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By TTTranslated and adapted by Sweden Herald
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