Cint Group AB (publ) (CINT) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

And good morning, and welcome to the Q4 2024 results presentation for Ascent AB. My name is Patrick Comer. I'm the CEO. I'm joined here by Niels Boone, our CFO, and we're delighted to walk through our results with you. I think the overall headline is that there's no significant change from what we previously presented at our strategy presentation on January the 27th. So we'll be going through these details with you today. As a reminder, as to our business model, we are the world's largest survey exchange. Our primary business is the matching of survey respondents or users to the thousands of surveys that are run by our customers globally every single day. Alongside that, we also have a growing media measurement business, which has been capturing a lot of growth and attention with our company over the last several years. In terms of Q4, the overall story is flat, with further improvements to our EBITDA margin. We do have a slight decline in sales in our media measurement business, offset by lower sales in our CENT exchange. We've seen basically a pull forward of revenue from Q4 into Q3, based on the overall political polling environment in the US. Also, we have an ongoing platform unification and migration process that will be completed in 2025. In brief, our numbers. We had net sales and euros of 45.4, gross profit of 40.2, operating expenses of 27.5, and EBITDA of 12.7, all in line with expectations for what we previously announced as our numbers. some significant events during and after the quarter. I hope many of you were able to join us in late January as we talked about our new strategy, which we call CENT 2.0. We also talked about the rights issue, which we're in the middle of, as it were, where we're raising 600 million SEC, of course, subject to approval with...