Zinzino First Quarter Revenue Rises 18 Percent as EBITDA Margin Expands

GOTHENBURG, Sweden, May 12, 2023 --

Zinzino AB reported first-quarter 2023 total revenue of 393.7 million kronor, up 18 percent from 334.4 million kronor a year earlier. EBITDA rose to 44.4 million kronor from 25.8 million kronor, for an 11.3 percent margin compared with 7.7 percent. Gross profit margin was 33.2 percent versus 29.7 percent.

Cash flow from current operations was 65.0 million kronor and cash and cash equivalents were 216.4 million kronor at quarter-end. During the quarter the company started sales in Turkey and launched new digital tools for distributors in Scandinavia.

Zinzino is a Sweden-based direct seller of test-based personalized nutrition and skincare products listed on Nasdaq First North Premier Growth Market.