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 | Press Release Zinzino Interim Report Q1 2024 |
View original content:https://www.prnewswire.co.uk/news-releases/zinzino-ab-publ-interim-report-first-quarter-2024-302152442.html
