Zinzino AB Reports Record Growth and Dividend Proposal
Correction Regarding Zinzino AB's Year-End Report 2024
Recently, Zinzino AB (PUBL) acknowledged a technical error which led to the Year-End Report for 2024 being omitted from their previous communication. Here, we present the complete details of the report, emphasizing the company’s robust financial standing and strategic growth plans.
Significant Financial Performance in 2024
During the fourth quarter of 2024, Zinzino AB achieved remarkable revenues of SEK 713.5 million, marking a substantial increase of 35% compared to the same quarter last year. In terms of local currencies, the revenue growth reached an impressive 37%. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to SEK 72.9 million, with an EBITDA margin of 10.2%. This success was fueled by a strategic agreement to finance the Chapter 11 proceedings of Zurvita, a US-based company, allowing Zinzino to enhance its market position in North America.
Overview of Q4 Results
The fourth quarter demonstrated solid metrics that included:
- Total revenue of SEK 713.5 million, reflecting a 35% growth rate
- Gross profit reaching SEK 218.4 million, with a gross profit margin of 30.6%
- EBITDA hitting SEK 72.9 million, with an EBITDA margin of 10.2%
- Strong cash flow from operating activities totaling SEK 179.8 million
- Successful entry into an agreement for the finance of Zurvita's restructuring
Annual Performance Summary
For the entire year of 2024, Zinzino reported total revenues of SEK 2,207.8 million, showcasing a growth of 25% compared to the prior year. The full-year EBITDA was SEK 250.7 million, with an EBITDA margin of 11.4%, further solidifying the company’s financial vitality.
Key Annual Metrics
Key financial highlights from the 2024 annual report included:
- Total annual revenues of SEK 2,207.8 million, a growth of 25%
- Gross profit of SEK 732.5 million, with a gross profit margin of 33.2%
- EBITDA recorded at SEK 250.7 million, with an EBITDA margin of 11.4%
- Operating cash flow amounting to SEK 309.1 million
- Cash reserves on the balance sheet were SEK 463.1 million
- A proposed dividend increase to SEK 4.00 per share for shareholders
Dividend Proposal and Future Outlook
In recognition of the company's outstanding financial performance, the Board of Directors has proposed an increased dividend of SEK 4.00 per share to be voted on at the upcoming Annual General Meeting. This proposal represents a thoughtful approach towards rewarding shareholders while ensuring that the company continues to have sufficient resources for future investments and growth.
Contact Information
For more insights, please reach out to:
Dag Bergheim Pettersen, CEO of Zinzino, Telephone: +47 (0) 932 25 700
Fredrik Nielsen, CFO of Zinzino, Telephone: +46 707 900 174
Frequently Asked Questions
What were Zinzino's total revenues for 2024?
Zinzino reported total revenues of SEK 2,207.8 million for the year 2024.
What is the proposed dividend per share?
The Board of Directors has proposed a dividend of SEK 4.00 per share for the financial year 2024.
How much did Zinzino's EBITDA amount to in 2024?
The EBITDA for Zinzino in 2024 was SEK 250.7 million.
What growth rate did Zinzino experience in Q4 of 2024?
In the fourth quarter of 2024, Zinzino experienced a growth rate of 35% compared to the same quarter in the previous year.
Who can be contacted for more information about Zinzino AB?
For additional details, Dag Bergheim Pettersen (CEO) and Fredrik Nielsen (CFO) can be contacted directly.
About The Author
Contact Lucas Young privately here. Or send an email with ATTN: Lucas Young as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.