Zinzino
August 26, 2022
Zinzino said second-quarter 2022 total revenue was 329.5 million kronor, up 2 percent from a year earlier. EBITDA was 20.1 million kronor with a 6.1 percent margin. The company lowered its full-year 2022 revenue outlook to about 1.4 billion kronor and its EBITDA-margin outlook to about 6 percent.
Management pointed to uneven partner activity across European markets, currency effects, and cost inflation after earlier expansion and acquisition activity. Zinzino sells nutritional and skincare products through a direct-selling partner network with a focus on test-based wellness offerings. The company said it would continue investing in digital tools and partner training while tightening cost control.