Strong revenue momentum and business model scalability

Financial highlights first quarter                                                                                                                                                        

• Net sales increased by 33.1 percent to EUR 28.1m (21.1). Organic growth excluding currency effects was 40.2 percent (21.4).
• Gross profit amounted to EUR 14.5m (11.4) with a gross margin of 51.5 percent (53.7).
• Adjusted EBITDA amounted to EUR 5.5m (3.2) with an adjusted EBITDA margin of 19.7 percent (15.0).
• Adjusted basic and diluted earnings per share amounted to EUR 0.04 (0.01).

CEO Tom Buehlmann:

The year has started positively. Net sales in the first quarter 2021 increased by 33 percent to EUR 28.1m compared to EUR 21.1m in the same period last year. Organic growth (excluding currency effects) was 40 percent and encouragingly, all three of our regions contributed positively to this development.

When adjusting our results for items affecting comparability this period, namely our IPO cost and the loan forgiveness in the US, we get to an EBITDA of EUR 5.5m (3.2) in the quarter corresponding to an adjusted EBITDA margin of 19.7 (15.0) percent. The significant increase in profitability is a result of a strong sales growth combined with a limited increase in operating expenditure during the year.

Encouragingly, the scalability of our business model has translated the strong sales growth into improved profitability. As evidenced by the numbers, we believe we are developing well in line with, and towards, our financial targets of maintaining at least 20 percent top-line growth and achieving 20 percent EBITDA margin in the medium term.

For more information, please contact:
Joakim Andersson, CFO
Tel: +46 760 448 330
Email: joakim.andersson@cint.com

Patrik Linzenbold, Head of IR
Tel: +46 708 252 630
Email: patrik.linzenbold@cint.com

This disclosure contains information that Cint is obliged to make public pursuant to the EU Market Abuse Regulation (EU No 596/2014). The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on 11 May 2021.

About Cint
Cint is a global software leader in digital insights gathering. The Cint platform automates the insights gathering process so that companies can gain access to insights faster with unparalleled scale. Cint has the world's largest consumer network for digital survey-based research, made up of 149 million engaged respondents across more than 130 countries. More than 2,600 insights-driven companies - including SurveyMonkey, Zappi, Kantar and GfK - use Cint to accelerate how they gather consumer insights and supercharge business growth. Cint Group AB (publ), listed on Nasdaq Stockholm, has a rapidly growing team across 14 global offices, including Stockholm, London, New York, Singapore, Tokyo and Sydney. www.cint.com