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

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Patrick Comer, and I'm the CEO of Sint AB. I'm also joined here by Niels Boone, our CFO. And we're here to go through the results of our third quarter. I want to be direct this morning and move past some of the pleasantries. Obviously, our third quarter results are challenging. And to be very clear, as CEO, I'm accountable for both the results of this quarter, but also the strategy over the past year that's led us to this point. Recalling over a year ago when I stepped into the business, I was given the mandate of solving what we would call the multi-year integration that had been dragging and causing uncertainty not only for the market but most importantly for our customers. And very quickly we put forward the strategy of resolving the timeline of integration and migration for the second quarter moving into the third. So we set forth the date of June 30th and communicated that clearly to the market and to our customers. Additionally, very quickly we moved into announcing our SIN 2.0 strategy and also a successful rights issue in the first half of the year, which has clearly positioned our debt and balance sheet in a much better place on a going forward basis. Now, we chose to execute the final phase decisively moving from the second to the third quarter so that we would no longer continue a death by a thousand cuts and communicate decisively with our customers when this transition period would occur. We also knew that this final phase would cause short-term disruption. Now, these Q3 results are a direct consequence of this migration and of this decisive strategy. It is a transitional low point and has been clearly a result of our largest customers moving their access and their volume from the legacy platform to the new. This is not a falling...