Zinzino First Quarter Revenue Rises 14 Percent to 450.4 Million Kronor
GOTHENBURG, Sweden -- April 4, 2024
Zinzino AB reported preliminary group revenue for the first quarter of 2024 of 450.4 million Swedish kronor, up 14 percent from 393.7 million kronor a year earlier.
Revenue in Zinzino's sales markets rose 16 percent to 422.9 million kronor for the quarter, while external sales at its Faun Pharma subsidiary were flat at 27.5 million kronor.
By region, quarterly revenue rose 30 percent in Central Europe to 117.8 million kronor, 44 percent in South and West Europe to 70.7 million kronor and 77 percent in North America to 34.7 million kronor. Revenue fell 9 percent in the Nordics and 19 percent in Asia-Pacific.
For March alone, group revenue rose 9 percent to 158.6 million kronor.
Zinzino, led by Chief Executive Dag Bergheim Pettersen, sells test-based nutritional supplements through independent partners.
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