Zinzino
May 18, 2021
Zinzino reported first-quarter group revenue of 333.4 million Swedish kronor, up 38 percent from 242.1 million kronor a year earlier. EBITDA was 37.3 million kronor, for a record margin of 11.2 percent. Adjusted EBITDA matched that result after prior-year accounting comparisons.
Chief executive Dag Bergheim Pettersen said growth came in all regions except the Nordics, with the strongest gains in other European markets and also gains in Asia and North America. Gross profit was 101.2 million kronor. Cash flow from operating activities was 48.0 million kronor, and liquid assets ended at 191.5 million kronor.
The company said scale in information technology, logistics, and organization improved margins. Zinzino markets test-based nutrition, skincare, and lifestyle products and is listed on Nasdaq First North Premier Growth Market.