Zinzino First Quarter Revenue Jumps 59 Percent to 723.7 Million Kronor on Acquisitions

GOTHENBURG, Sweden, May 20, 2025 --

Zinzino reported first-quarter 2025 revenue of 723.7 million Swedish kronor, up 59 percent from 454.5 million kronor a year earlier and up 60 percent in local currencies. EBITDA rose to 78.8 million kronor from 51.7 million kronor, although the EBITDA margin slipped to 10.9 percent from 11.4 percent and gross margin narrowed to 30.9 percent from 35.4 percent.

During the quarter the company completed the acquisition of the assets of Zurvita, including its distributor and customer database, strengthening its position in North America, and launched New Zealand as an official market. After the end of the quarter it acquired the assets of direct seller Valentus Global to add distribution power in Europe.

Operating cash flow was 21.1 million kronor, compared with a negative 1.7 million kronor a year earlier. The board proposed a dividend of 4.00 kronor per share for 2024, up from 3.00 kronor, totaling 143.1 million kronor. Dag Bergheim Pettersen is chief executive.