Zinzino news and press releases
Company announcements, direct sales updates and archived press coverage for Zinzino.
Zinzino news archive
Zinzino Third Quarter Revenue Rises 12 Percent as Margins Narrow
Zinzino AB reported third-quarter 2022 revenue of 349.9 million Swedish kronor, up 12 percent from 313.6 million kronor a year earlier. Gross margin narrowed to 31.7 percent from 34.3 percent. EBITDA fell to 25.4 million kronor, a 7.3 percent margin, from 40.4 million kronor, a 12.9 percent margin...
Zinzino Second Quarter Revenue Rises 2 Percent; Lowers Full-Year Outlook
Zinzino said second-quarter 2022 total revenue was 329.5 million kronor, up 2 percent from a year earlier. EBITDA was 20.1 million kronor with a 6.1 percent margin. The company lowered its full-year 2022 revenue outlook to about 1.4 billion kronor and its EBITDA-margin outlook to about 6 percent....
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...
Zinzino Full Year Revenue Rises 20 Percent to 1.37 Billion Kronor
Zinzino said full-year 2021 total revenues rose 20 percent to 1,370.6 million Swedish kronor, with EBITDA of 137.6 million kronor and an EBITDA margin of 10.0 percent. Fourth-quarter revenues rose 18 percent to 401.2 million kronor, while EBITDA was 26.4 million kronor. The board proposed a...
Zinzino Third Quarter Revenue Rises 11 Percent and Lifts Profit Forecast
Zinzino reported third quarter group revenue of 313.6 million Swedish kronor, up 11 percent from 281.8 million kronor. Gross profit was 107.5 million kronor, a margin of 34.3 percent, up from 28.8 percent. EBITDA was 40.4 million kronor, up from 28.8 million kronor, and the EBITDA margin was 12.9...
Zinzino Launches Operations in South Africa
Zinzino said it launched its business in South Africa on November 9, 2021, its next step in a global expansion and its move onto the African continent. Sales director Kirsten Pearse called Africa a large unfinished opportunity for direct selling and said the company would bring its test-based...
Zinzino Says Third Quarter Group Revenue Rose 11 Percent
Zinzino published a preliminary sales report showing group revenue for July through September of 312.9 million Swedish kronor, up 11 percent from 281.8 million kronor a year earlier. Revenue from Zinzino sales markets was 298.8 million kronor, also up 11 percent. External sales at Faun Pharma were...
Zinzino Launches Full Operations in Taiwan
Zinzino said it launched its business in Taiwan on September 9, 2021 as the next step in a global expansion. Chief executive Dag Bergheim Pettersen said Taiwan is a mature direct-selling market and that the launch followed years of preparation and local adaptation. The company said Taiwan ranks...
Zinzino Second Quarter Revenue Rises 18 Percent to 322.4 Million Kronor
Zinzino reported second-quarter total revenue of 322.4 million Swedish kronor, up 18 percent from 274.3 million kronor. EBITDA rose to 33.4 million kronor from 16.0 million kronor, and the EBITDA margin was 10.4 percent compared with 5.8 percent. Gross profit was 105.1 million kronor, a 32.6...
Zinzino First Quarter Revenue Rises 38 Percent to 333.4 Million Kronor
Zinzino reported first-quarter group revenue of 333.4 million Swedish kronor, up 38 percent from 242.1 million kronor a year earlier. EBITDA was 37.3 million kronor, for a record margin of 11.2 percent. Adjusted EBITDA matched that result after prior-year accounting comparisons. Chief executive Dag...