Zinzino First Quarter Revenue Holds Near Flat at 334.4 Million Kronor
Zinzino said first-quarter 2022 revenue was 334.4 million kronor, up 0.3 percent from a year earlier. EBITDA was 25.8 million kronor with a 7.7 percent margin. Operating cash flow was negative 8.9 million kronor, and cash and cash equivalents were 217.9 million kronor at quarter-end.
Ireland and Belgium achieved full market status during the quarter, while the Russia establishment process was interrupted. After the quarter, Zinzino said it acquired Enhanzz IP AG and Enhanzz Global AG, including brand rights and a distributor organization. The company maintained 2022 targets for revenue above 1.5 billion kronor and an EBITDA margin above 7 percent, and kept a proposed dividend of 2 kronor per share.
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