Strong enterprise and monetary efficiency

STOCKHOLM, July 22, 2022 /PRNewswire/ — Truecaller, the main international platform for verifying contacts and blocking undesirable communication, is proud to report progress in internet gross sales of one hundred pc mixed with an adjusted EBITDA margin of 45.5 % within the second quarter of 2022.

“Now that it’s time to recap the second quarter of the 12 months, I’m happy to report that our enterprise continues to develop very positively. Demand for our providers is rising globally and the common variety of month-to-month customers elevated by about 42 million in comparison with final 12 months and now stands at 321.4 million (279.6). For the second consecutive quarter we have been one of many prime 20 most downloaded apps globally. Our very sturdy monetary efficiency additionally continued within the second quarter. Web gross sales doubled to SEK 480 million with an adjusted EBITDA margin of 45.5 %. All three income streams – advertisements, our B2B providing Truecaller for Enterprise, and subscriptions – contributed to the income progress. We proceed to report sturdy money circulate and have about SEK 2.2 billion obtainable for investments, which supplies us good capability to behave when engaging alternatives come up. We based Truecaller throughout the monetary disaster of 2009 and have seen how rapidly market sentiment can change, which makes it necessary that the corporate maintains good profitability, a robust money place and robust money circulate. We are actually in that place, one thing I’m very pleased with, and it’s in occasions like these that much more alternatives are created, which we are going to actively pursue. Within the second quarter, we additionally applied the choice to purchase again our personal shares as one more potential device in our toolbox going ahead.

We’ve been in a position to report excessive person and income progress because the IPO in October 2021, together with good profitability and robust money circulate. The muse of that success is a very good product that our customers love. I’m additionally notably proud that we achieved a brand new report Web Promoter Rating in our buyer surveys in India, confirming our place as probably the most common manufacturers within the nation. Our efforts to additional develop our providers proceed. Mixed with the continued constructive pattern within the variety of smartphone customers, this creates the situations for persistent, secure and worthwhile progress,” says Alan Mamedi, CEO of Truecaller.

Story continues

April-June 2022 (Q2)
Comparative figures consult with April-June 2021.

• Web gross sales have been up one hundred pc to SEK 480.4m (240.0) in comparison with the identical quarter final 12 months.

• Adjusted EBITDA amounted to SEK 218.5m (104.4), akin to an adjusted EBITDA margin of 45.5 (43.5) %. Excluding prices for incentive applications adjusted EBITDA would have been SEK 225.4m (104.4) , equal to an adjusted EBITDA-margin of 46.9 (43.5) %.

• Revenue after tax of SEK 172.7m (74.8).

• Fundamental earnings per share have been SEK 0.46 (0.34) and diluted earnings per share have been SEK 0.46 (0.21).

• Revenue for the quarter was not affected by any gadgets affecting comparability, however such gadgets lowered revenue for Q2 2021 by SEK -19.3m. The gadgets affecting comparability in 2021 comprised preparations for the IPO of SEK -10.4m and artificial choices of SEK -8.9m.

• The variety of month-to-month energetic customers (MAU) elevated by 15 % to round 321.4 million (279.6).

• Gross sales progress was 130 % in India, 38 % within the Center East and Africa and 31 % in the remainder of the world.

January-June 2022
Comparative figures consult with January-June 2021.

• Web gross sales have been up 107 % to SEK 878.7m (424.1) in comparison with the identical quarter final 12 months.

• Adjusted EBITDA amounted to SEK 399.8m (158.6), akin to an adjusted EBITDA margin of 45.5 (37.4) %. Excluding prices for incentive applications adjusted EBITDA would have been SEK 410.2m (158.6), equal to an adjusted EBITDA-margin of 46.7 (37.4) %.

• Revenue after tax of SEK 306.4m (117.6).

• Fundamental earnings per share have been SEK 0.82 (0.54) and diluted earnings per share have been SEK 0.82 (0.33).

• Revenue for the quarter was not affected by any gadgets affecting comparability, however such gadgets lowered revenue for a similar interval in 2021 by SEK -29.4m. The gadgets affecting comparability in 2021 comprised preparations for the IPO of SEK -14.8m and artificial choices of SEK -14.6m.

• Gross sales progress was 133 % in India, 56 % within the Center East and Africa and 46 % in the remainder of the world.

Presentation of the report

Alan Mamedi, CEO and Odd Bolin, CFO presents the report and solutions questions in a webcast and convention name at present at 13.00 CET. The presentation might be held in English.

Comply with the presentation stay:
Hyperlink to webcast

To hearken to the presentation by telephone, please name:
SE: +46850516386
UK: +442031984884
US: +1 4123176300

Pin code:8152846#

For extra data, please contact:
Odd Bolin, CFO
[email protected]

Andreas, Head of IR & Communication
+46 705 29 08 00
[email protected]

This data is data that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The knowledge was submitted for publication, by way of the company of the contact individuals set out above, on the time said by the Firm’s information distributor, Cision, on the publication of this press launch.

About Truecaller:

Truecaller (TRUE B) is the main international platform for verifying contacts and blocking undesirable communication. We allow secure and related conversations between folks and make it environment friendly for companies to attach with shoppers. Fraud and undesirable communication are endemic to digital economies, particularly in rising markets. We’re on a mission to construct belief in communication. Truecaller is an important a part of on a regular basis communication for greater than 320 million energetic customers, with greater than half a billion downloads since launch and round 38 billion undesirable calls recognized and blocked in 2021. Headquartered in Stockholm, since 2009, we’re a co-founder-led, entrepreneurial firm, with a extremely skilled administration workforce. Truecaller has been listed on Nasdaq Stockholm since 8 October 2021. For extra data, please go to company.truecaller.com

This data was dropped at you by Cision http://information.cision.com

https://information.cision.com/truecaller-ab/r/second-quarter-2022–robust-business-and-financial-performance,c3604209

The next recordsdata can be found for obtain:

https://mb.cision.com/Essential/20429/3604209/1606783.pdf
Truecaller_interimreport_Q22022

https://information.cision.com/truecaller-ab/i/q2-report-2022-eng,c3072084
Q2 Report 2022 eng

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SOURCE Truecaller AB