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ZZ B - Zinzino AB News Story

SEK76.1 0.9  1.2%

Last Trade - 5:00pm

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £214.1m
Enterprise Value £205.6m
Revenue £92.6m
Position in Universe 701st / 1838

BRIEF-Zinzino Q2 EBITDA Rises To SEK 16.0 Million

Fri 28th August, 2020 7:22am
Aug 28 (Reuters) - Zinzino AB  ZZb.ST :
    * ZINZINO AB (PUBL): PRELIMINARY SALES REPORT SECOND QUARTER
2020
    * STRONG GROWTH IN CENTRAL EUROPE COMBINED WITH GOOD
DEVELOPMENT
ON MOST OTHER MARKETS CONTRIBUTED TO TOTAL REVENUES INCREASING
BY 53% TO SEK 274.3 (179.5) MILLION DURING Q2
    * DURING QUARTER, ZINZINO CONTINUED TO ADAPT AND OPTIMIZE
OPERATIONS TO MAINTAIN GOOD SALES GROWTH DURING PANDEMIC
OUTBREAK
    * OUTCOME HAS BEEN FAVORABLE, WHICH MEANS THAT COMPANY
ADJUSTS
SALES FORECAST FOR 2020 BY SEK 100 MILLION TO SEK 1,100 MILLION.
    * APRIL - JUNE * TOTAL REVENUE INCREASED BY 53% TO SEK 274.3
(179.5) MILLION
    * APRIL-JUNE EBITDA AMOUNTED TO SEK 16.0 (11.0) MILLION AND
EBITDA
MARGIN TO 5.8% (6.1%)

Source text for Eikon:  ID:nWkr1xbvcY 
Further company coverage:  ZZb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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