#Sweden #Gothenburg #Zinzino AB #Share Dividend #2024 Year-End Report

Year-End Report 2024: Zinzino AB

Zinzino AB has recently released its year-end report highlighting a robust financial performance for the year 2024, showcasing significant revenue growth and strategic developments.

Strong Revenue Growth

During the fourth quarter of 2024, Zinzino reported total revenues of SEK 713.5 million, a sharp increase from SEK 527.9 million during the same period last year, marking a 35% growth. In local currencies, the growth was even more impressive at 37%. This surge in revenue illustrates Zinzino's ability to expand its market presence and attract customers. The company’s EBITDA during this quarter stood at SEK 72.9 million, resulting in an EBITDA margin of 10.2%.

For the entire year, Zinzino’s revenues reached SEK 2,207.8 million, up from SEK 1,766.4 million the previous year, signifying a 25% growth. The annual EBITDA also reflected a healthy increase, reported at SEK 250.7 million.

Strategic Acquisition

A notable event in Zinzino's growth strategy was the decision to enter an agreement for DIP-financing Zurvita’s Chapter 11 proceedings. This acquisition allowed Zinzino to acquire Zurvita's assets, including its distributor and customer database, enhancing the company's foothold in the North American market.

Financial Highlights

Fourth Quarter (October - December 2024)

• - Total Revenue: SEK 713.5 million
• - Gross Profit: SEK 218.4 million (Gross Profit Margin: 30.6%)
• - EBITDA: SEK 72.9 million (EBITDA Margin: 10.2%)
• - Operating Cash Flow: SEK 179.8 million

Full Year (January - December 2024)

• - Total Revenues: SEK 2,207.8 million
• - Gross Profit: SEK 732.5 million (Gross Profit Margin: 33.2%)
• - EBITDA: SEK 250.7 million (EBITDA Margin: 11.4%)
• - Operating Cash Flow: SEK 309.1 million
• - Cash and Cash Equivalents: SEK 463.1 million

Proposed Increased Dividend

Reflecting the successful performance throughout 2024, Zinzino's Board of Directors proposed a substantial increase in dividend payouts to shareholders from SEK 3.00 to SEK 4.00 per share. This represents a total dividend of SEK 139.3 million, before any potential dilution from option exercises, scheduled for approval at the Annual General Meeting on May 28, 2025.

Conclusion

Zinzino AB’s year-end report for 2024 reveals a picture of financial health and strategic growth. With a significant increase in revenue, healthy profit margins, and a commitment to returning value to shareholders through dividends, Zinzino is positioning itself well for future growth. As the company moves forward with its North American expansion and capitalizes on its strong foundation, stakeholders can remain optimistic about its trajectory in the coming years.

For more information on Zinzino AB and its latest developments, you can visit their official website.