Cint Group AB (publ)
STO:CINT
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Cint Group AB (publ)
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Cint Group AB (publ)
Cint Group AB engages in software development focusing on digital information gathering. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2021-02-19. The firm provides a consumer research platform, named Cint, which automates the insights gathering process so that companies can gain access to insights, faster and more costeffectively with unparalleled scale. Cint connects companies seeking insights with global consumer audiences, connected to its platform via hundreds of supply partners. Through its platform, Cint provides its customers in 72 countries the ability to instantly and programmatically connect with millions of global consumers and conduct market research at speed and at scale. The firm has offices in London, New York, Stockholm, Los Angeles, Atlanta, Barcelona, Singapore, Tokyo and Sydney.
Cint Group AB engages in software development focusing on digital information gathering. The company is headquartered in Stockholm, Stockholm. The company went IPO on 2021-02-19. The firm provides a consumer research platform, named Cint, which automates the insights gathering process so that companies can gain access to insights, faster and more costeffectively with unparalleled scale. Cint connects companies seeking insights with global consumer audiences, connected to its platform via hundreds of supply partners. Through its platform, Cint provides its customers in 72 countries the ability to instantly and programmatically connect with millions of global consumers and conduct market research at speed and at scale. The firm has offices in London, New York, Stockholm, Los Angeles, Atlanta, Barcelona, Singapore, Tokyo and Sydney.
Results: Q3 was challenging — net sales fell by 20% quarter-on-quarter (16% in constant currency), which management attributes to a planned platform migration plus weaker market and political-season effects.
Cause: Management attributes ~50% of the revenue decline to migration activity, ~25% to a weaker market for market research, and ~25% to political-season timing differences vs. prior year.
Costs & cash: Operating costs were reduced (EUR 2.6 million lower), cash improved (cash up to EUR 50.4 million, net debt EUR 9.2 million, leverage 0.2x) and operating cash flow helped by a working-capital improvement.
Platform strategy: Leadership says the revenue drop is the short-term cost of consolidating customers onto a unified Cint Exchange; almost all legacy Cint customers now have access to the new exchange.
Product & partnerships: Management highlighted new product releases (Lucy chatbot) and a data partnership with Affinity Solutions to add point-of-sale data for Media Measurement clients.
Outlook & targets: Management declined to give formal Q4 guidance but reiterated medium-term targets: 10% organic sales growth, 25% EBITA margin and leverage below 2.5x; no dividends expected in the short term.
Quality: Reconciliation (reversal) rate has been stable at ~8–9%, which management says is a strong industry figure.
