Zinzino AB Reports Significant Revenue Growth for Q3 2024
Zinzino AB Sees Growth in Third Quarter Performance
Strong Financial Performance Highlights
In the third quarter, Zinzino AB (publ.) experienced noteworthy revenue growth, achieving a total revenue of SEK 532.8 million. This marks a significant 22% increase compared to the same period last year. When accounting for local currencies, the growth surged to 24%, indicating robust performance in various markets.
The company reported an EBITDA profit of SEK 63.0 million, though the EBITDA margin decreased to 11.8% due to various factors including rising raw material prices and adjustments in distributor compensation. Despite these challenges, Zinzino's leadership remains optimistic as the expansion efforts continue to yield positive outcomes.
Financial Overview: July to September
Key Revenue and Profit Metrics
During the third quarter, Zinzino's gross profit reached SEK 178.8 million, translating to a gross profit margin of 33.6%. While the EBITDA reflected the challenges faced, the overall product demand and established market positions remained strong. Cash flow from operating activities amounted to SEK 35 million, indicating stable operational efficiency.
Accumulated Performance in 2024
For the year-to-date, Zinzino has accumulated revenues of SEK 1,494.3 million, with a consistent growth rate of 21%. The gross profit stood impressively at SEK 514.1 million, with a noticeable EBITDA margin of 11.9%. The increase in cash flow illustrates Zinzino's healthy financial management, as cash equivalents reached SEK 321.2 million by the end of the reporting period.
Strategic Market Expansion
The company has strategically expanded its footprint in the market, particularly in France, after acquiring assets from Xelliss. This move allowed Zinzino to enhance its portfolio, which was further strengthened by the introduction of its new product, Collagen Boozt. The Canary Islands also achieved full market status, aligning them with the competitive dynamics of mainland Spain and other European markets.
Future Outlook and Developments
Zinzino AB is dedicated to sustaining its growth trajectory and enhancing shareholder value. The recent product launch and continued focus on expanding its international presence exemplify this commitment. As the company navigates market fluctuations and pricing dynamics, its proactive strategies are designed to capitalize on emerging opportunities.
For Further Information
Zinzino AB is committed to transparency and provides regular updates on its financial performance and strategic initiatives. For more details regarding Zinzino's activities, investors can refer to the investor relations section on the company's official website.
Frequently Asked Questions
What is Zinzino AB's recent revenue growth percentage?
Zinzino AB reported a 22% revenue growth in the third quarter compared to the previous year.
What challenges impacted Zinzino AB's EBITDA margin?
The EBITDA margin was impacted by rising raw material costs and normalized distributor compensation, accounting for the decrease compared to last year.
How has Zinzino AB expanded its market reach?
Zinzino has expanded its market presence in France through acquisitions and launched new products such as Collagen Boozt.
What was Zinzino AB's cash flow from operations in Q3 2024?
Cash flow from operating activities amounted to SEK 35 million in the third quarter of 2024.
Who to contact for more information about Zinzino AB?
For inquiries, Dag Bergheim Pettersen, CEO of Zinzino, can be contacted at +47 (0) 932 25 700.
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