Yet another strong quarter

Financial highlights July – September 2021

• Net sales increased by 44.6 percent to EUR 34.3m (23.7). Organic growth excluding currency effects was 34.0 percent

• Gross profit amounted to EUR 17.5m (12.0) with a gross margin of 50.9 percent (50.7)
• Adjusted EBITDA amounted to EUR 6.6m (3.8) with an adjusted EBITDA margin of 19.4 percent (16.2). Adjusted EBITDA, excluding the FX effect from the revaluation of operating balance sheet items, amounted to EUR 5.9m (4.2) and the margin 17.2% (17.8)
• Adjusted earnings per share, before and after dilution amounted to EUR 0.03 (0.01)
• Earnings per share, before and after dilution amounted to EUR 0.03 (-1.20)

Financial highlights January – September 2021

• Net sales increased by 41.2 percent to EUR 94.2m (66.7). Organic growth excluding currency effects was 40.5 percent
• Gross profit amounted to EUR 48.4m (34.5) with a gross margin of 51.4 percent (51.8)
• Adjusted EBITDA amounted to EUR 17.3m (10.7) with an adjusted EBITDA margin of 18.4 percent (16.1). Adjusted EBITDA, excluding the FX effect from the revaluation of operating balance sheet items, amounted to EUR 16.7m (11.0) and the margin 17.8% (16.5)
• Adjusted earnings per share, before and after dilution amounted to EUR 0.09 (0.04)
• Earnings per share, before and after dilution amounted to EUR 0.04 (-3.17)

Significant events during the third quarter

• No significant events occurred during the third quarter

CEO Tom Buehlmann:
It has been another successful quarter for the company with strong growth momentum. Net sales in the third quarter 2021 increased by 44.6 percent to EUR 34.3m compared to EUR 23.7m in the same period last year. Organic growth (excluding currency effects) was 34.0 percent driven mainly by our tech-enabled customers and the EMEA region.

EBITDA, adjusted for items affecting comparability, amounted to EUR 6.6m (3.8) in the quarter corresponding to a margin of 19.4 (16.2) percent. We have increased profitability considerably during the last twelve months, mainly due to positive scale effects on higher volumes. 

We have had a successful first nine-months of 2021 and expect to deliver a strong full year 2021, substantially exceeding our annual target of 20 percent organic growth.  During our IPO roadshow, we talked about the importance of exceeding expectations, and we will most certainly deliver on that in 2021. Looking beyond Q4, I am encouraged by the strong trading momentum that we see continuing into 2022.

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 Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on 25 October 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 145 million engaged respondents across more than 130 countries. More than 3,000 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