Zinzino Full Year Revenue Rises 5 Percent as Fourth Quarter Profitability Improves

GOTHENBURG, Sweden, February 28, 2023 -- Zinzino AB reported fourth-quarter 2022 revenue of 429.3 million kronor, up 7 percent from 401.2 million kronor a year earlier. EBITDA rose to 40.8 million kronor from 26.4 million kronor, for a 9.5 percent margin compared with 6.6 percent.

Full-year revenue was 1,443.1 million kronor, up 5 percent from 1,370.6 million kronor. Full-year EBITDA was 112.1 million kronor with a 7.8 percent margin, down from 10.0 percent a year earlier. Cash and cash equivalents were 161.9 million kronor at year-end.

The board proposed a dividend of 1.75 kronor per share for 2022, down from 2.00 kronor the prior year, to the annual general meeting scheduled for May 31, 2023. Zinzino sells health products through a direct-selling model.