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Zinzino AB Year-End Report 2024: Significant Growth and Future Outlook

Zinzino AB recently issued a correction regarding their Year-End Report for 2024, addressing a technical issue that led to missing attachments in the initial press release. This important document outlines the Swedish company's financial performance, highlighting a robust growth trajectory, particularly in the fourth quarter of the year.

Financial Highlights

In the fourth quarter, Zinzino reported impressive revenues of SEK 713.5 million, marking a substantial 35% increase compared to the same period in the previous year, which saw revenues of SEK 527.9 million. This growth is further emphasized by a 37% rise in local currencies, indicating strong performance across its global markets.

Moreover, Zinzino's EBITDA for this quarter stood at SEK 72.9 million, climbing from SEK 71.3 million in the prior year, though the EBITDA margin dipped to 10.2% from 13.5%. The company also showcased a remarkable increase in cash flow from operating activities, which rose to SEK 179.8 million compared to SEK 30.4 million in Q4 of the previous year.

Zinzino's strategic moves included entering into an agreement to finance the Chapter 11 proceedings of the US-based company Zurvita, allowing them to acquire assets and strengthen their presence in North America.

Annual Performance

For the entire fiscal year of 2024, Zinzino's total revenues escalated to SEK 2,207.8 million—up from SEK 1,766.4 million in 2023—reflecting a healthy 25% growth year-over-year. The company's gross profit for the year reached SEK 732.5 million, with a gross profit margin of 33.2%. EBITDA for 2024 was reported at SEK 250.7 million, compared to SEK 240.6 million in 2023, although the EBITDA margin slightly fell to 11.4% from 13.6%.

The cash flow from operating activities also saw a considerable leap, totaling SEK 309.1 million, with cash and cash equivalents climbing to SEK 463.1 million on the balance sheet.

Dividend Proposal

Reflecting on a successful year that saw all financial targets surpassed, Zinzino's Board of Directors has proposed a dividend increase to SEK 4.00 per share, up from SEK 3.00 the previous year. This decision will be presented at the Annual General Meeting scheduled for May 28, 2025, and it represents a total of SEK 139.3 million allocated for dividends before any dilution from potential options exercised.

Conclusion

Zinzino's Year-End Report for 2024 is a testament to the company's strategic growth and market resilience. As they continue to expand their operations, particularly in North America, the forthcoming dividend increase signals robust shareholder confidence and reflects the company’s commitment to delivering value to its investors. For further details, interested parties can access the full report through the company's official website or contact key executives directly.

For More Information

For any inquiries regarding Zinzino AB or its financial reports, you can reach out to:

• - Dag Bergheim Pettersen, CEO, +47 (0) 932 25 700
• - Fredrik Nielsen, CFO, +46 707 900 174, email: [email protected]

Investors and stakeholders keen on learning more about Zinzino’s financial trajectory should stay tuned as the company continues to unveil opportunities for growth and expansion.