Cint’s interim report first quarter 2023: Weak start to the year with full focus on product integration
First quarter 2023 · Net sales decreased by 11.1 percent to EUR 59.9m (67.3). Organic growth was -10.9 percent and on a constant currency basis -11.9 percent. · Gross profit amounted to EUR 35.9m (41.3) with a gross margin of 60.0 percent (61.3). · Adjusted EBITDA amounted to EUR 3.7m (8.1) with an adjusted EBITDA margin of 6.1 percent (12.1). · EPS, before dilution amounted to EUR -0.04 (-0.03). · Adjusted EPS, before dilution amounted to EUR 0.00 (0.02). Significant events during and after quarter · In January, Giles Palmer was appointed new CEO as of 1