Zinzino (ZZ) Q4 2024 earnings summary

Executive summary

• Achieved 35% revenue growth in Q4 2024 and 25% for the full year, surpassing long-term targets.

• Completed three strategic acquisitions: ACN's European network, Xelliss assets, and 49% of Cleanthi Alpha-Olenic LTD.

• Acquired Zurvita's assets post-period, doubling North American sales and expanding distributor base.

• Launched Collagen Boozt and established full market status in the Canary Islands.

Financial highlights

• Q4 revenue: SEK 713.5m (up 35% YoY); full-year revenue: SEK 2,207.8m (up 25% YoY).

• Q4 gross profit: SEK 218.4m (margin 30.6%); full-year gross profit: SEK 732.5m (margin 33.2%).

• Q4 EBITDA: SEK 72.9m (margin 10.2%); full-year EBITDA: SEK 250.7m (margin 11.4%).

• Net earnings for 2024: SEK 169.3m; EPS before dilution: SEK 4.95.

• Cash flow from operating activities: SEK 309.1m; cash and equivalents: SEK 463.1m.

Outlook and guidance

• Targets average sales growth of at least 20% and EBITDA margin above 10% for 2025–2027.

• Dividend policy: at least 50% of net earnings, subject to liquidity and equity ratio.

• Board proposes SEK 4.00 per share dividend for 2024.