Zinzino Fourth Quarter Revenue Rises 35 Percent to 713.5 Million Kronor; Raises Dividend

GOTHENBURG, Sweden, February 27, 2025 --

Zinzino reported fourth-quarter 2024 revenue of 713.5 million Swedish kronor, up 35 percent from 527.9 million kronor a year earlier, or 37 percent in local currencies. EBITDA edged up to 72.9 million kronor, but the margin narrowed to 10.2 percent from 13.5 percent as gross margin fell to 30.6 percent from 38.3 percent. Operating cash flow rose to 179.8 million kronor.

Full-year revenue grew 25 percent to 2.208 billion kronor, with EBITDA of 250.7 million kronor and an 11.4 percent margin. The company ended the year with 463.1 million kronor in cash.

Zinzino said its debtor-in-possession financing of U.S.-based Zurvita's Chapter 11 case allowed it to complete the purchase of Zurvita's assets after year-end, strengthening its position in North America. The board proposed a dividend of 4.00 kronor per share for 2024, up from 3.00 kronor, after the company met and exceeded its financial targets.