Le Lézard
Classified in: Ebola virus, Health, Business
Subjects: ERN, ACC

ZINZINO AB (PUBL): INTERIM REPORT SECOND QUARTER 2022


GOTHENBURG, Sweden, Aug. 26, 2022 /PRNewswire/ --

GROWTH DESPITE GREAT UNCERTAINTY IN THE WORLD

Revenues during the second quarter of 2022 amounted to SEK 329.5 (322.4) million, which corresponded to 2% (18%) growth compared to the corresponding period last year. The EBITDA result amounted to SEK 20.1 (33.4) million and the EBITDA margin to 6.1% (10.4%). This demonstrated that the company managed to maintain high sales levels combined with profitability despite the influence of external factors. Sharply rising commodity and transportation prices, sales-suppressing shutdowns in the APAC region, and effects of the Russia-Ukraine war made an impact on profitability. 

Considering the current world market situation and the lower growth rate in 2022 that the situation entailed, the board of Zinzino has adjusted down the expected revenues for the full year 2022 to amount to approx. SEK 1,400 (1,370) million. The previously submitted revenue forecast for 2022 amounted to SEK 1,500 million. At the same time, the expected EBITDA margin for the full year is adjusted down by 1 percentage point to instead amount to approx. 6%. The board states that the uncertainty is still very great.

During the quarter Zinzino acquired the company Enhanzz IP AG including IP rights to its brands HANZZ+HEIDII and YU. In addition, Enhanzz Global AG was acquired with the associated distributor organization and inventory. Furthermore, the new products HbA1c Test, which measures the long-term blood sugar levels in the body, and BalanceOil Tutti Frutti, which is completely adapted for children, were launched.

APRIL - JUNE

JANUARY - JUNE

For more information please contact:
Dag Bergheim Pettersen CEO Zinzino +47 932 25 700 , email: [email protected]
Fredrik Nielsen CFO Zinzino +46 (0) 707 900 174, email: [email protected]

Images for free publication:
[email protected]

Certified Adviser: Erik Penser Bank Aktiebolag, +46 (0) 8 463 83 00, email: [email protected]

This information is such that Zinzino AB ( publ ) is obliged to make public according to the EU's market abuse regulation. The information was provided by the above contact person for publication at 08.00 on 26 August 2022.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/zinzino/r/zinzino-ab--publ--interim-report-second-quarter-2022,c3620660

The following files are available for download:

https://mb.cision.com/Main/10976/3620660/1619256.pdf

Interim Report Q2 2022

https://mb.cision.com/Public/10976/3620660/bd1ac453b2094665.pdf

Press Release Zinzino Interim Report Q2 2022


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