Strong organic growth & continued progress on the M&A strategy

Financial highlights April - June 2021

• Net sales increased by 45.5 percent to EUR 31.7m (21.8). Organic growth excluding currency effects was 48.0 percent

• Gross profit amounted to EUR 16.5m (11.1) with a gross margin of 51.9 percent (51.0)
• Adjusted EBITDA amounted to EUR 5.2m (3.7) with an adjusted EBITDA margin of 16.3 percent (17.0). Should the FX impact on revaluing operating balance sheet items have been excluded, the adjusted EBITDA would amount to EUR 6.1m (3.8) and the margin 19.3% (17.6)
• Adjusted basic and diluted earnings per share amounted to EUR 0.01 (0.04)

Financial highlights January - June 2021

• Net sales increased by 39.4 percent to EUR 59.9m (43.0). Organic growth excluding currency effects was 44.1 percent
• Gross profit amounted to EUR 31.0m (22.5) with a gross margin of 51.7 percent (52.3)
• Adjusted EBITDA amounted to EUR 10.7m (6.9) with an adjusted EBITDA margin of 17.9 percent (16.0) Should the FX impact on revaluing operating balance sheet items be excluded, the adjusted EBITDA would amount to EUR 10.8m (6.8) and the margin 18.1% (15.8)
• Adjusted basic and diluted earnings per share amounted to EUR 0.04 (0.01)

Significant event during the second quarter

• On 1 June, Cint acquired GapFish GmbH, a Berlin based market research company that operates one of the largest online panel communities for the DACH region

CEO Tom Buehlmann:
Cint's positive momentum from previous quarters continued into Q2. Net sales in the second quarter 2021 increased by 45 percent to EUR 31.7m compared to EUR 21.8m in the same period last year. Organic growth (excluding currency effects) was 48 percent with all of our regions contributing positively to this development.

When adjusting our results for items affecting comparability this quarter (specifically, a loan forgiveness related to Covid in the US and transaction costs for the acquisition of GapFish), our adjusted EBITDA amounted to EUR 5.2m (3.7) in the quarter corresponding to a margin of 16.3 (17.0) percent.

The acquisition of GapFish, which we completed in June, is the next step in the realisation of the strategy outlined in our IPO earlier this year. Together with GapFish, we are now able to offer our global customers enhanced access to high quality and unique consumer audiences in the DACH region.

We have had a very strong first half of 2021. While the year-on-year comparables will be more challenging during the second half of 2021, we still feel very comfortable delivering a top-line growth rate for the full year in line with the financial target. We are also developing well towards our target of achieving 20 percent EBITDA margin in the medium term.

For more information, please contact:
Joakim Andersson, CFO
Tel: +46 760 448 330
Email: [email protected]

Patrik Linzenbold, Head of IR
Tel: +46 708 252 630
Email: [email protected]

This disclosure contains information that Cint Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and information that Cint group AB (publ) is required to make public pursuant to the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CET on 17 August 2021.