REFILE-BUZZ-Sinch soars on Q4 adjusted EBITDA beat

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Feb 13 (Reuters) - Shares in Sinch SINCH.ST jump more than 15% after the Swedish cloud services provider reported a better than expected adjusted core profit for Q4

J.P.Morgan says the Q4 adjusted EBITDA of SEK 1.00 billion exceeded consensus by 6.8%

Sinch booked a SEK 700 million one-time non-income based tax provision, which led to a Q4 net loss and may result in a cash outflow, JPM notes

This one-off is excluded from the adjusted figure

"Sinch believes it can offset this tax impact going forward by passing on the impact to clients," the broker adds

If the gains hold, the shares will see their best day since September 2024