Zinzino AB Announces Strong Q4 Growth and Increased Dividend for 2024

Zinzino Reports Impressive Financial Growth for 2024

Zinzino AB, headquartered in Gothenburg, Sweden, has released its year-end report for 2024, revealing significant growth in revenues and plans for an increased dividend for its shareholders. The report underscores the company’s strong performance in the fourth quarter and its strategy to enhance its market position, particularly in North America.

Financial Highlights of Q4 2024

In the fourth quarter of 2024, Zinzino recorded total revenues amounting to 713.5 million SEK, which signifies a remarkable increase of 35% compared to the same period in 2023, when revenues reached 527.9 million SEK. When expressed in local currencies, this growth extends to 37% year-over-year.

Notably, the company's EBITDA for the quarter stood at 72.9 million SEK, with a margin of 10.2%. This slight dip in EBITDA margin as compared to the previous year (13.5%) suggests an increasing investment in operational capacities alongside rising revenues.

Zinzino also reported robust cash flow from its operating activities, totaling 179.8 million SEK, which is a significant improvement over the previous year's 30.4 million SEK. This enhancement reflects the company's focus on maintaining efficient cash management strategies during its growth phase.

Strategic Acquisition of Zurvita

During the fourth quarter, Zinzino entered into an agreement to provide DIP financing for the U.S.-based company Zurvita, which was undergoing Chapter 11 proceedings. This acquisition of Zurvita’s assets, including its distributor and customer database, marks a pivotal moment for Zinzino, further consolidating its presence in the competitive North American market and paving the way for future growth opportunities.

Full Year Financial Overview

For the entire fiscal year of 2024, Zinzino’s total revenues reached 2,207.8 million SEK, representing a 25% increase from 2023's figure of 1,766.4 million SEK. Similarly, EBITDA for the year was reported at 250.7 million SEK, with an EBITDA margin of 11.4%, slightly down from 13.6% in the previous year, yet still reflecting overall financial health.

Increase in Share Dividend

Given the successful financial performance, Zinzino's Board of Directors has proposed an increased dividend of 4.00 SEK per share for the year 2024, up from 3.00 SEK per share in 2023. This represents a total distribution of approximately 139.3 million SEK to its shareholders, indicating a commitment to providing shareholder value as the company continues to grow.

Looking Ahead

As the company prepares for its Annual General Meeting scheduled for May 28, 2025, Zinzino is well-positioned for further expansion and operational success. The ongoing integration of Zurvita’s assets is expected to deliver additional synergies, enhancing Zinzino's product offerings and market reach.

With strong fourth-quarter growth rates, increasing dividends, and strategic acquisitions, Zinzino AB is clearly on a progressive path as it moves forward in 2025 and beyond.

For more information, Zinzino's full financial report can be accessed through their official website. Stakeholders and analysts will be closely monitoring the company’s upcoming performance as it capitalizes on its investments and operational strategies in the dynamic health and wellness sector.