Zinzino
November 19, 2024
GOTHENBURG, Sweden, November 19, 2024 --
Zinzino reported third-quarter 2024 revenue of 532.8 million kronor, up 22 percent from 436.9 million kronor a year earlier, or 24 percent in local currencies. EBITDA fell to 63.0 million kronor from 71.2 million kronor, and the EBITDA margin narrowed to 11.8 percent from 16.3 percent on higher raw-material costs, normalized distributor compensation, acquisition-related sales costs and currency translation.
The company said it expanded in France after strong sales growth tied to the Xelliss asset acquisition. After the quarter it launched Collagen Boozt and elevated the Canary Islands to full market status alongside mainland Spain.
Nine-month revenue rose 21 percent to 1.49 billion kronor, with EBITDA of 177.8 million kronor and a margin of 11.9 percent. Cash and cash equivalents were 321.2 million kronor at September 30.