Brief: Zinzino Q2 EBITDA Increases To SEK 53.7 Mln

Zinzino AB

31/08/2023 07:27

Aug 31 (Reuters) - Zinzino AB  ZZb.ST :
    * Q2 TOTAL REVENUES AMOUNTED TO SEK 407.9 (329.5) MILLION,
WHICH
CORRESPONDED TO A GROWTH OF 24% (2%)
    * Q2 EBITDA AMOUNTED TO 53.7 (20.1) MSEK AND EBITDA MARGIN
AMOUNTED TO 13.2% (6.1%)
    * EXPECTED EBITDA MARGIN FOR FULL YEAR 2023 IS ADJUSTED
UPWARDS
FROM AT LEAST 7% TO AT LEAST 9% INSTEAD.
    * MARGIN IMPROVEMENT WAS MAINLY ACHIEVED THROUGH CHANGES IN
SALES
MIX, EFFICIENCIES AND ECONOMIES OF SCALE
    * GOOD PROFITABILITY DURING FIRST HALF OF YEAR MEANS THAT
BOARD IS
NOW WRITING UP PROFIT FORECAST FOR FULL YEAR 2023.
    * TOTAL REVENUES FOR FULL YEAR 2023 ARE NOW EXPECTED TO BE
APPROXIMATELY SEK 1,700 (1,443) MILLION, AGAINST PREVIOUSLY
COMMUNICATED SEK 1,500 - 1,600 MILLION

Source text for Eikon:  ID:nWkr7MSZR9 
Further company coverage:  ZZb.ST 

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