Zinzino Revenue Up 48% To $ 771 Million in 2020
The fourth quarter of 2020 was the strongest quarter ever in the Company’s history regarding sales. Total revenues in the Group increased by 44% and amounted to SEK 340.4 (236.3) million.
This is due to sales growth in all regions. The strongest growth continued to be found in the Central European countries, but Asia and North America also increased significantly during the quarter. Profitability was also very good and the EBITDA result amounted to SEK 37.4 (6.3) million for the quarter. The EBITDA margin amounted to the record high 11.0% (2.7%).
For the full year 2020, the total revenues amounted to SEK 1,138.6 (770.6) million, which corresponded to 48% growth compared with the previous year.
EBITDA increased to SEK 108.5 (33.5) million and the EBITDA margin to 9.5% (4.4%). The margin improvement for the year was mainly the result of increased profitability at the gross level in combination with economies of scale because of improved efficiency in IT systems and the organisation.
The good profitability over the past year in combination with Zinzino’s strong financial position means that the Board proposes to the AGM a dividend for 2020 to shareholders of SEK 1.25 (0.70) per share through an ordinary dividend of SEK 1 (0.55) and a special dividend of SEK 0.25 (0.15) in the same dividend period.
Zinzino AB (publ.) is a global direct sales company from Scandinavia that markets and sells test-based nutritional supplements, skincare and lifestyle products. Zinzino owns the research unit BioActive Foods AS and production unit Faun Pharma AS. Zinzino is based in Gothenburg, Sweden with additional offices in Finland, Latvia, Norway, USA, Australia, Hong Kong and Malaysia. Zinzino is a public company and its shares are listed on Nasdaq First North Premier Growth Market. For more information please visit www.zinzino.com
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