Sinch announces revised financial leverage policy

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(image: Korea Bizwire)

Press release

Stockholm, Sweden, June 9 (Korea Bizwire)The board of directors of Sinch AB (publ) today announced a change in the company’s financial leverage policy. The new policy is as follows:

  • Sinch’s goal is for net debt over time to be less than 3.5 times Adjusted EBITDA (measured year-over-year).

The term “over time” means that leverage may temporarily exceed the targeted level in the short term after an acquisition. Prior to today’s announcement, the policy was for net debt over time to be less than 2.5 times Adjusted EBITDA (measured year-over-year).

Sinch’s other financial goals remain unchanged:

  • Growth in Adjusted EBITDA per share will be 20% per year.
  • Dividend Policy: The Board continues to see good growth opportunities through acquisitions over the next few years, and therefore proposes that the company’s profits be mainly reinvested.

Oscar Werner, CEO, comments on the revised policy: “Sinch has made a number of successful acquisitions which have increased our profitability, strengthened our product offering and expanded our customer base. We see continued opportunities to make further value-creating acquisitions as well in the future, and our revised leverage policy makes us better positioned to execute our M&A strategy. ”

For more information, please contact

Thomas heath
Strategy Director and Head of Investor Relations
Sinch AB (released)
Mobile: + 46-722-45 50 55
Email: [email protected]

About Sinch

Sinch brings businesses and people together with tools for personal engagement. Its leading cloud communications platform enables businesses to reach every mobile phone on the planet, in seconds or less, via mobile messaging, voice and video. Sinch is a trusted software provider for mobile operators, and its platform powers the critical communications of many of the world’s largest companies. Sinch is profitable and has experienced rapid growth since its founding in 2008. Its headquarters are in Stockholm, Sweden, and a local presence in over 40 countries. The shares are traded on NASDAQ Stockholm: XSTO: SINCH. Visit us at sinch.com.

This information is information that Sinch AB (publ) is obliged to make public in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the aforementioned contact person, at 11:15 a.m. CEST on June 9, 2021.

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Source: Sinch AB via GLOBE NEWSWIRE

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