Cint Group AB (publ) (CINT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

And welcome to the CENT fourth quarter 2025 results presentation. My name is Patrick Comer, and I am the CEO of CENT. And I'm joined by my two colleagues who will introduce themselves as well. Good morning. I'm Niels, Niels Bohlen, CFO. Give me the words. Good morning. This is Brett Schnitlick, COO. Fantastic. Thank you. So let's get right into it as we look at the fourth quarter. As a reminder, as to the business of CENT, we are the world's largest survey exchange. And we run a business that matches the demand of thousands of surveys from customers globally. with the answers of millions of respondents that generate the critical insight data that drives the market research and measurement industries. Looking at our fourth quarter figures, we had net sales of 41.5, gross profit of 36.5, a strong OPEX of 25.7 in terms of cost control, which managed an EBIT of 10.8. I want to call out the 26% margin versus last year, 28, showing clear operating leverage, even though sales has been lower. But let's dig in a little bit deeper. We want to point out the sequential improvement quarter over quarter in terms of sales. At a high level, it's important to note that 63% of cent sales are in US dollars. And given the recent FX dynamics, it's important to review our underlying momentum in terms of constant currency. And what you'll see is an improvement not only from our third quarter trough, but also quarter over quarter in terms of growth throughout the year. It's important to also note that this is the strongest quarter over quarter growth that the company has seen since the IPO. What this shows is a resilience in our underlying customer base, particularly on the exchange side, which saw challenges in terms of migration from Q2 to Q3, but clear recovery going into Q4. Additionall...