GOTHENBURG, Sweden, May 22, 2024
/PRNewswire/ --
TOWARDS NEW HEIGHTS AFTER A PROFITABLE AND INTENSE
QUARTER
Revenues in the first quarter of 2024 amounted to SEK 454.5 (393.7) million, corresponding to 15%
(18%) growth compared to the corresponding period last year. EBITDA
increased to SEK 51.7 (40.8) million
and the EBITDA margin to 11.4% (11.3%). During the quarter, a
strategic partnership in Europe
was entered into with the North American direct sales company ACN,
which also invested in 149,468 Zinzino B shares via a directed
share issue of SEK 10.4 million.
After the end of the period, Zinzino acquired the rights to the
Luxembourg-based Xelliss SA
distributor database, inventory and IP assets. The fixed purchase
price amounts to EUR 2 million and
conditional additional purchase prices of up to EUR 8 million may be added.
JANUARY-MARCH
- Total revenue amounted to SEK
454.5 (393.7) million, corresponding to a growth of 15%
(18%)
- Gross profit amounted to SEK 160.9 (130.7) million and the
gross profit margin amounted to 35.4% (33.2%)
- EBITDA amounted to SEK 51.7 (44.4) million and the EBITDA
margin amounted to 11.4% (11.3%)
- Cash flow from operating activities amounted to SEK 3.1
(65.0) million
- Cash and cash equivalents amounted to SEK 328.1 (216.4)
million on the balance sheet date
Link to the report:
https://www.zinzino.com/site/GB/en-GB/about/investor-relations/
For more information please contact:
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, email:
dag@zinzino.com
Fredrik Nielsen CFO Zinzino +46 707 900 174, email:
fredrik.nielsen@zinzino.com
Images for free publication:
marketing@zinzino.com
Certified Adviser: Carnegie Investment Bank AB
(publ.)
This information is information that Zinzino AB (publ.) is
obliged to make public according to the EU's market abuse
regulation. The information was provided by the above contact
person for publication at 08.00 on 22 May
2024.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/zinzino/r/zinzino-ab--publ--interim-report-first-quarter-2024,c3985260
The following files are available for download:
https://mb.cision.com/Public/10976/3985260/b2c99755faa75b7c.pdf
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Press Release Zinzino
Interim Report Q1 2024
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content:https://www.prnewswire.co.uk/news-releases/zinzino-ab-publ-interim-report-first-quarter-2024-302152442.html