Zinzino news and press releases
Company announcements, direct sales updates and archived press coverage for Zinzino.
Zinzino news archive
Zinzino Completes 9.4 Million Dollar Purchase of Bankrupt Zurvita's Assets
GOTHENBURG, Sweden, February 14, 2025 -- Zinzino said it finalized an agreement to acquire the assets of Zurvita, a U.S. direct-selling health and wellness company, after acting as debtor-in-possession lender in Zurvita's Chapter 11 case. Its offer was accepted as part of a debt-settled purchase...
Zinzino Provides 4.5 Million DIP Loan and Stalking-Horse Bid for Bankrupt Zurvita
GOTHENBURG, Sweden, December 22, 2024 -- Zinzino said it is providing 4.5 million dollars of debtor-in-possession financing to Zurvita Inc., a North American direct-selling health company that filed Chapter 11 on December 20, 2024, and is simultaneously making a stalking-horse offer to buy...
Zinzino Third Quarter Revenue Jumps 22 Percent to 533 Million Kronor as Margins Compress
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...
Zinzino Second Quarter Revenue Jumps 24 Percent to 507 Million Kronor on Acquisitions and New Markets
GOTHENBURG, Sweden, Aug. 30, 2024 -- Zinzino reported second-quarter 2024 revenue of 507.0 million Swedish kronor, up 24 percent from 407.9 million kronor a year earlier. EBITDA rose to 63.0 million kronor from 53.7 million kronor, though the margin slipped to 12.4 percent from 13.2 percent, and...
Zinzino First Quarter Sales Rise 15 Percent to 454.5 Million Kronor; EBITDA Margin Holds
GOTHENBURG, Sweden, May 22, 2024 -- Zinzino reported first-quarter 2024 revenue of 454.5 million kronor, up 15 percent from 393.7 million kronor a year earlier, with EBITDA of 51.7 million kronor and an EBITDA margin of 11.4 percent compared with 11.3 percent. Gross profit rose to 160.9 million...
Zinzino Full-Year Sales Rise 22 Percent to 1.77 Billion Kronor; Raises Dividend and Partners With ACN
GOTHENBURG, Sweden, February 27, 2024 -- Zinzino reported full-year 2023 revenue of 1.766 billion Swedish kronor, up 22 percent from 1.443 billion kronor, with EBITDA of 240.6 million kronor and an EBITDA margin of 13.6 percent, up from 7.8 percent. Fourth-quarter revenue rose 23 percent to 527.9...
Zinzino Third Quarter Revenue Rises 25 Percent to 436.9 Million Kronor; EBITDA Nearly Triples
GOTHENBURG, Sweden, November 16, 2023 -- Zinzino AB reported third-quarter 2023 total revenue of 436.9 million kronor, up 25 percent from 349.9 million kronor a year earlier. EBITDA rose to 71.2 million kronor from 25.4 million kronor, lifting the EBITDA margin to 16.3 percent from 7.3 percent, and...
Zinzino Second Quarter Revenue Rises 24 Percent; Raises Full-Year Outlook
GOTHENBURG, Sweden, Aug. 31, 2023 -- Zinzino AB reported second-quarter 2023 total revenue of 407.9 million kronor, up 24 percent from 329.5 million kronor a year earlier. EBITDA rose to 53.7 million kronor from 20.1 million kronor, for a 13.2 percent margin compared with 6.1 percent. Gross profit...
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...
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...