Zinzino AB Class B ( (ZNZNF) ) has released its Q3 earnings. Here is a breakdown of the information Zinzino AB Class B presented to its investors.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Zinzino AB is a Scandinavian-based global direct sales company listed on the Nasdaq First North Premier Growth Market, specializing in personalized nutritional supplements and scientific skincare, with operations spanning over 100 markets worldwide. In its latest earnings report for the third quarter of 2024, Zinzino AB reported a 22% increase in total revenue, amounting to 532.8 million SEK compared to the previous year, despite a dip in profit margins. The company’s EBITDA stood at 63.0 million SEK, with an 11.8% margin, reflecting increased costs associated with market expansions and acquisitions. The company expanded its presence significantly in key regions, with notable growth in North America and APAC, and launched a new collagen product aimed at enhancing skin health. Looking ahead, Zinzino remains focused on achieving its strategic goals, with a target sales growth of at least 20% annually through 2026, while continuing to invest in product development and market expansion efforts.
Trending Articles
- ‘This Is Just Pure Hype,’ Says Top Investor About Tesla Stock
- Will Palantir Stock Crash to $28? Jefferies Sounds the Alarm
- ‘Don’t Dive in Just Yet,’ Says RBC About Lucid Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
