Reassessment of historical Cost of Goods Sold to affect Sinch's Q2 2022 profit by SEK 162 million
Stockholm, Sweden – July 11, 2022 – Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announces that a reassessment of Cost of Goods Sold for historical periods, which has been conducted during the second quarter, will negatively affect Gross profit, EBITDA and Adjusted EBITDA in Q2 2022 by SEK 162 million. The reassessment of Cost of Goods Sold has been completed as part of the process to finalize financial reporting for Q2 2022. In light of the unusually strong share price movement on July 11, which followed publication of a third-party