Q2 2026 Sinch AB (publ) Earnings Call Transcript
Key Points
- Sinch AB (CLCMF) reported a 6% organic revenue growth, driven primarily by strong performance in the Americas and the API product category.
- The company achieved solid profitability and strong cash flow, with cash conversion significantly ahead of guidance.
- The Americas region, which represents two-thirds of the group's gross profit, grew 9% organically, indicating a strong market position.
- Sinch AB (CLCMF) continues to experience strong commercial momentum, closing sizable deals across various industries and geographies.
- The company's e-mail business is a key growth engine, consistently achieving double-digit growth and contributing significantly to the bottom line.
- Organic gross profit was slightly soft due to unexpected developments in the APAC region, particularly in India.
- EMEA experienced a slight organic gross profit decline due to the discontinuation of a specific product and associated churn.
- APAC faced headwinds, with India being solely responsible for the organic revenue decline, impacted by a customer dispute.
- The gross margin decreased by 1.6 percentage points year-over-year, affected by increased costs passed on to customers and FX movements.
- Legacy product churn in EMEA is expected to continue impacting gross profit and EBITDA over the coming quarters.
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Hello, everyone, and very welcome to Sinch Q2 2026 Earnings Presentation. My name is Mia Nordlander, and I'm Senior Vice President, Investor Relations and Sustainability. And with me here in the studio today, I have our acting CEO and CFO, Jonas Dahlberg; and our Senior Vice President, Corporate Control, Sofia Ohlander. You will hear Jonas and Sofia present the quarter, and thereafter, we will have time for questions. (Operator Instructions)
So once again, very welcome, and I hand over to you, Jonas.
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Thank you, Mia. So let's look at the first quarter highlights. So on the highest level, I would characterize the quarter as stable, largely in line with expectations we had when we exited the first quarter, and most importantly, with strengths where it matters the most. We accelerated
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