First quarter 2024
- Effective from the first quarter 2024,
Cint implemented changes in its financial reporting. Pro forma figures are presented for the purpose of comparability. - On a pro forma basis net sales increased by 1.1 percent to
EUR 36.4m (36.0 pro forma) and by 1.6 percent on a constant currency basis. Reported net sales decreased by 39.2 percent toEUR 36.4m (59.9m). - Gross profit amounted to
EUR 30.3m (30.9 pro forma) corresponding to a margin of 83.3 percent (85.7 pro forma). Reported gross profit last year amounted toEUR 35.9m - EBIT amounted to
EUR -8.4m (-10.1) with an EBIT margin of -23.1 percent (-28.1 pro forma). Reported EBIT margin last year was -16.9 percent. - EBITA amounted to
EUR 1.5m (0.9) with an EBITA margin of 4.1 percent (2.5 pro forma). Reported EBITA margin last year was 1.5 percent. - EPS, before dilution amounted to
EUR -0.04 (-0.04). - Adjusted EPS, before dilution amounted to
EUR 0.00 (0.00).
CEO
As we conclude the first quarter 2024, I am pleased to report pro forma net sales growth of 1.1 percent to
The gross margin was 83.3 percent (85.7 percent pro forma 2023) as a result of higher hosting costs in the period. EBITA amounted to
Our strategic implementation plan is on track. Focus for 2024 is to return to growth and drive innovation while retaining profitability and at the same time improve cash flow from operations.
Q1 presentation today at
The report will be presented by
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The presentation material and a recorded version of the conference will be available at Cint™ Investors.
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