Cint Group AB (publ) (CINT) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.777 Good morning. My name is Patrick Comer, and I'm the CEO of Sint AB. 00:00:04.777 -- 00:00:08.121 I'm also joined here by Niels Boone, our CFO. 00:00:08.121 -- 00:00:12.804 And we're here to go through the results of our third quarter. 00:00:15.670 -- 00:00:17.653 I want to 00:00:17.653 -- 00:00:20.917 be direct this morning and move past some of the pleasantries. 00:00:20.917 -- 00:00:24.415 Obviously, our third quarter results are challenging. 00:00:24.415 -- 00:00:29.348 And to be very clear, as CEO, I'm accountable for both the results of this quarter, but 00:00:29.348 -- 00:00:34.377 also the strategy over the past year that's led us to this point. 00:00:34.643 -- 00:00:40.143 Recalling over a year ago when I stepped into the business, I was given the mandate 00:00:40.143 -- 00:00:45.971 of solving what we would call the multi-year integration that had been dragging 00:00:45.971 -- 00:00:51.158 and causing uncertainty not only for the market but most importantly for our customers. 00:00:51.158 -- 00:00:56.726 And very quickly we put forward the strategy of resolving the timeline of integration 00:00:56.726 -- 00:01:01.273 and migration for the second quarter moving into the third. 00:01:01.273 -- 00:01:05.619 So we set forth the date of June 30th and communicated that clearly to the market and 00:01:05.619 -- 00:01:07.750 to our customers. 00:01:07.750 -- 00:01:12.779 Additionally, very quickly we moved into announcing our SIN 2.0 strategy and 00:01:12.779 -- 00:01:18.309 also a successful rights issue in the first half of the year, which has clearly positioned 00:01:18.309 -- 00:01:23.094 our debt and balance sheet in a much better place on a going forward basis. 00:01:23.939 -- 00:01:28.023 Now, we chose to execute the final ...