Cint Group AB (publ) (CINT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the first quarter results presentation for CENT. My name is Patrick Comer. I'm the CEO, and I'm joined here by Niels Boone, our CFO, and we'll be walking through the results of the presentation with you today. So let's get started. As you well know, CENT is the world's largest survey exchange. Our business is to match survey respondents to surveys and to also run a global scale media measurement business, which has been growing quite nicely over the past few quarters as well. Getting into the actual details here, looking back on the first quarter, it was a significant quarter for the business. As you may recall, we announced our three-year strategy plan in January, what we call Sint 2.0, which lays out the plan for the next three years. We also released our midterm targets, speaking to our plans for performance over the next few years. And we also, at the same time, announced and completed our almost 600 million SEC rights issue, well oversubscribed by at least 60%. And we appreciate the trust and the interest from our shareholders in investing into the future of SIN. We also had a significant change in our overall debt. Obviously, with the rights issue and the capital raise and the cash flow from it, we're able to reduce our overall leverage ratio from 2.5 to 2.4, a significant change in the course of the business. Also, what you'll see in our statements is we've had strong cash flow in the quarter, obviously from the rights issue, but also from operating with improvement in working capital and overall profitability improvement in the quarter. We also see, besides just the financial or operational improvements, now we have an ongoing sales trend, which we've seen from a number of quarters, where we've had strong sales for medium measurem...